Intro

What is UPI? How does it even work?

Creation myths around UPI

Costs attached to UPI payments

Why are Indian banks not interested in UPI?

The massive growth of UPI in India

How did UPI grow so much, but PayTM couldn't?

The business model of payment applications

How does NPCI make money?

Are we spending more money because of UPI?

Who should be paying for UPI transactions?

Government's involvement in regulating UPI

How UPI can reduce our dollar dependence

E-Rupee and how digital money works

UPI and its privacy concerns

Is UPI just a failing startup?

Outro

In this episode of The Big Story, our hosts Anjali and Prateek talk about money. Now, we don't have a lot of money, but we do have a lot of questions about money. About UPI, precisely. Are we spending more money because of UPI? How does UPI make money? And is UPI just another startup that'll eventually flop? Because it used to give us so many freebies at one point, but now there's a conversation about charging for payments.

To answer these questions, we have Ateesh Tankha, founder and CEO of ALSOWISE Content Solutions, India’s first comprehensive English proficiency and communications training app. He has extensive experience in payments and banking, and was, till 2016, the Head of Citi Merchant Services, North America.



0:00 - Intro
10:19 - What is UPI? How does it even work? 
15:50 - Creation myths around UPI
17:37 - Costs attached to UPI payments
21:55 - Why are Indian banks not interested in UPI?
24:35 - The massive growth of UPI in India
26:09 - How did UPI grow so much, but PayTM couldn't
29:52 - The business model of Google Pay, PhonePe, etc. 
32:00 - How does NPCI make money?
34:45 - Are we spending more money because of UPI?
41:55 - Who should be paying for UPI transactions?
48:24 - How involved is the government in regulating UPI? 
52:00 - CBDC and how UPI can be used to reduce our dollar dependence
54:45 - E-Rupee and how money works
55:54 - UPI and its privacy concerns
1:04:50 - Is UPI just a failing startup?
1:15:26 - Outro

In this episode of The Big Story, our hosts Anjali and Prateek talk about money. Now, we don't have a lot of money, but we do have a lot of questions about money. About UPI, precisely. Are we spending more money because of UPI? How does UPI make money? And is UPI just another startup that'll eventually flop? Because it used to give us so many freebies at one point, but now there's a conversation about charging for payments. To answer these questions, we have Ateesh Tankha, founder and CEO of ALSOWISE Content Solutions, India’s first comprehensive English proficiency and communications training app. He has extensive experience in payments and banking, and was, till 2016, the Head of Citi Merchant Services, North America.
 
0:00 - Intro 10:19 - What is UPI? How does it even work?  15:50 - Creation myths around UPI 17:37 - Costs attached to UPI payments 21:55 - Why are Indian banks not interested in UPI? 24:35 - The massive growth of UPI in India 26:09 - How did UPI grow so much, but PayTM couldn't 29:52 - The business model of Google Pay, PhonePe, etc.  32:00 - How does NPCI make money? 34:45 - Are we spending more money because of UPI? 41:55 - Who should be paying for UPI transactions? 48:24 - How involved is the government in regulating UPI?  52:00 - CBDC and how UPI can be used to reduce our dollar dependence 54:45 - E-Rupee and how money works 55:54 - UPI and its privacy concerns 1:04:50 - Is UPI just a failing startup? 1:15:26 - Outro

The Big Story is back with a second season!

The news culture of our times is noisy, crowded, and honestly so confusing. This is why we are coming every fortnight on your podcast platforms to help you make sense of the new and now. 

With two new hosts, Anjali and Prateek, the second season of The Big Story will feature longer and well-rounded discussions with experts across science, culture, technology, politics, and more. Tune in on your preferred podcast platform!   



Millions of listeners seek out Bingepods (Ideabrew Studios Network content) every day. Get in touch with us to advertise, join the network or click listen to  enjoy content by some of India's top audio creators.
studio@ideabrews.com

Android | Apple

The Big Story is back with a second season!
The news culture of our times is noisy, crowded, and honestly so confusing. This is why we are coming every fortnight on your podcast platforms to help you make sense of the new and now.  With two new hosts, Anjali and Prateek, the second season of The Big Story will feature longer and well-rounded discussions with experts across science, culture, technology, politics, and more. Tune in on your preferred podcast platform!   
 
Millions of listeners seek out <a href="https://bingepods.com/">Bingepods</a> (Ideabrew Studios Network content) every day. Get in touch with us to advertise, join the network or click listen to  enjoy content by some of India's top audio creators. <a href="mailto:studio@ideabrews.com">studio@ideabrews.com</a>
<a href="https://play.google.com/store/apps/details?id=com.bingepods.app">Android</a> | <a href="https://apps.apple.com/us/app/bingepods/id1637568609">Apple</a>

The Big Story

Are We Spending More Money Because of UPI? (ft. Ateesh Tankha)

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