Man, I have been in US for 5+ years and have worked for VISA. Believe me, this tech is way ahead of its time, especially UPI Lite and UPI 123 and the whole seamless integration. People crib about rumors of transaction charges, etc, but what they don’t realize is this is being developed by a state owned organization and not any private company. Many don’t know how important this is, but believe me when I say this, whenever you do any transaction via VISA/Mastercard etc, you sell a part of you. Your data, your behavior, your privacy. I know UPI don’t have any plan to charge for transactions but even if they do, i'd say, its much better than selling something more.
UPI like tech can only be started by state owned organisation, else RBI approvals are not easy and time consuming....Plus state will not allow any private entity to create an underlying structure for financial transactions....However, private entities can now make use of UPI...Win win for everyone!! So a good move by GOI
Under the leadership of Narendra Damodar Das Modi, India has indeed progressed further many fields especially when it comes to Tech, probably because Mr. Modi has always been a Tech enthusiast even when he was Gujarat CM, he continuously took initiatives to understand and implement high tech systems. There can be many downsides of this govt. nothing is perfect, but we shall applaud all the good work and criticize the bad ones.
Nobody can become financially successful over night. They put in background work but we tend to see the finished part. Fear is a dangerous component, hindering us from taking bold steps we need in other to reach our goals
My advice to new investors: Buy good companies stocks and hold them as long as they are good companies. Just do this and ignore the forecasts and market views which are at best entertaining but completely useless
The key to big returns is not big moving stocks. It's managing risk in relationship to reward. Having the correct size on and turning your edge as many times as necessary to reach your goal. That holds true from long term investing to day trading
We should not be depended on anything and anyone. We must explore our own strength. We must use our brilliant students of IIMs and IITs to implement and explore new technology. Give them Projects for this purpose and take outputs.
The future is India in every field one can think of not to speak of high tech ; it is this Indian culture that has made science out of religion and anyone can become liberated following the definitive steps and methods given in our scriptures, this is the ultimate man can achieve !!
I am proud to be part of this digital revolution. Important is it is homegrown & developed by our engineers in India. This will bring end to cheque, credit & debit card driven transactions. Also it will end corporates squeezing small suppliers. This new culture will automatically improve Quality & supplier chain
Positive response towards the UPI implementation from world is very necessary as it helps our country to grow and become dominant in fintech sector globally. Very inspiring video, keep awaring us...
Swift k din aise bhi khatam hone wale hai due to RBI new guidelines of nastro and vostro bank accounts opening with Saudi Arabia and Bangladesh soon UAE
@@Vikkram1993 huh? Are you know the full form Swift even? Bhai international banking system he not even possible to replace it 😂😂😂 tum pta mhi konsi theory lagya rako ho
I think foreign entities should be banned from being an authorised UPI partner like Google Pay, All they are doing is studying the entire system and they will launch a modified version of UPI.
@@sanatanihindu3089 I know bhai, But jaise unke apne desh mai gpay nahi chalta but yaha india mai indian apps se compete kr rhe hai vaise hi woh USA ko chodkar baaki countries ke liye launch kr skte hai UPI jaisa system taaki India expand na kr ske
Me ganv se relate karta hu mene pichle year makan banaya jisme 40 lac lage usme sahayad hi 1-1.5 lac cash me diye ho sab online maximum upi se . Modi h so great
This is called digital India Good initiative by govt log bolge modi ne Kya kia modi ne vision create kia and India ko ane wale 10 sal me iska impact dikega
In April 2009, National Payment Corporation of India was formed with the objective to integrate all the payment mechanisms in the country and make them uniform for retail payments. RBI in 2012 released a vision statement for a period of four years that indicated commitment towards building a safe, efficient, accessible, inclusive, interoperable and authorized payment and settlement system in India. Kach acha hua tho Modi, bad hua tho opposition. Kya hai bhai thumara ye andhbhakthi.
More important, India has highest gold holding well distributed 30k tonnes. So our money and it's trust issues is very strong. The world has to respect this.
Agar home loan process suru kar diy ho or ab us jagh mai ghar nahi banan hai dusri jagh ghar banan hai to us loan ki process mai plot hai uski location bSs change karna hoga ya waps se usko cancel karwake phir se loan ki process suru karni padegi...?
Has NPCI figured out how to recover the cost of transactions? Since Visa and Mastercard recover 2% MDR from merchants, a 0.2% MDR for UPI would be reasonable. You also ignored the prevalence of failed transactions in UPI, and what should be done to eliminate them.
no failed transition in years , it's your fault , you may have changed some settings. No transition cost is cumpolsary, all will be funded by gov 👍🏻 bhai apaka chai wala ₹1 paisa ni dega payment ke liye 🤣
Sirf Bada companies...Jaise Amazon, Flipkart..ko transaction charge lagana hoga.. kyun ki unko cash on delivery ko pehle bohot paisa waste hota tha .. UPI se bohot profit hua he unko..
01:51 there is going to be transaction cost soon 05:40 We can still make transactions without smartphone or internet via *99# from the number linked with bank 😊
10 paisa hona chahiye cost, free bhi sahi nahi. 10 paisa means 1 lakh crore per month revenue, it can be great support for economy. Or we can have daily one transaction free and afterwards 10 paisa cost.
I don't think so. as government saving money that need to print, store and transport the cash by these digital transaction. And it is very risky to hold money in cash it need very much security.
Mukul Bhai, every thing is changing, but still our AMFI & SEBI is not changing. While doing KYC for Mutual Funds, they still insist on " Cancelled Cheque ". Now how many of using cheques in these days. If you want to make big transactions, there is NEFT / IMPS / RTGS. Who the hell are using Cheues. SEBI & AMFI are not ready for the e-generations, they are still from the old school of thoughts. Mukul Bhai, please raise this issue with SEBI & AMFI. Even if you try any app to invest in Mutual Funds, while initiating KYC, cancelled chaeque copy is mandatory. Yaar, AADHAAR Card & PAN Card is also linked to our bank account. Why dont they fetch the data from there? Please raise the issue. Thank you. 👍👍
Hi Team, I am a big fan of yours and follow your all social media platforms Today the government of India is focusing on digital currency , UPI 2.0 and most importantly Cross Border Payment systems GOI is encouraging banks, Fintech company to develop cross border payment solution or make it easy So i request you to please make a brief video on Cross Border Payment concept so that the local public can understand about it
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Man, I have been in US for 5+ years and have worked for VISA. Believe me, this tech is way ahead of its time, especially UPI Lite and UPI 123 and the whole seamless integration. People crib about rumors of transaction charges, etc, but what they don’t realize is this is being developed by a state owned organization and not any private company. Many don’t know how important this is, but believe me when I say this, whenever you do any transaction via VISA/Mastercard etc, you sell a part of you. Your data, your behavior, your privacy. I know UPI don’t have any plan to charge for transactions but even if they do, i'd say, its much better than selling something more.
UPI like tech can only be started by state owned organisation, else RBI approvals are not easy and time consuming....Plus state will not allow any private entity to create an underlying structure for financial transactions....However, private entities can now make use of UPI...Win win for everyone!! So a good move by GOI
Good information
Why r u living in usa come and live in india
@@Coachbelt why don't you love India?
@@sreyanshuchaterjee3962 🤣
Proud on our Developers and Engeeners....🙏🙏🙏🙏🙏🙏
Under the leadership of Narendra Damodar Das Modi, India has indeed progressed further many fields especially when it comes to Tech, probably because Mr. Modi has always been a Tech enthusiast even when he was Gujarat CM, he continuously took initiatives to understand and implement high tech systems.
There can be many downsides of this govt. nothing is perfect, but we shall applaud all the good work and criticize the bad ones.
That's Fantastic & Awesome 😍🇮🇳
Recently World bank president says :-
India is a Leader in digitization 🇮🇳♥️
This is the power of india. This is absolutely an example of being dominating the world by her(Bharath Mata) knowledge . 👍 Om namah shivaya 🙏.
This is the era of Indian dominance in the world 🇮🇳🇮🇳🇮🇳🇮🇳🇮🇳
Jai Hind. A toast to our great mother India!
Indeed
Bahut jaldi khus ho jate ho typical indian jaise hoo 🤗
@@AssetYogi love you sir, thank you for your comment.🙏😘
Ha. 2020 mai superpower ban gaya na. 😂
Nobody can become financially successful over night. They put in background work but we tend to see the finished part. Fear is a dangerous component, hindering us from taking bold steps we need in other to reach our goals
My advice to new investors: Buy good companies stocks and hold them as long as they are good companies. Just do this and ignore the forecasts and market views which are at best entertaining but completely useless
The key to big returns is not big moving stocks. It's managing risk in relationship to reward. Having the correct size on and turning your edge as many times as necessary to reach your goal. That holds true from long term investing to day trading
May I ask which stocks are good? I've been looking at a few different ones but want others' opinions as well
what i think you need is a Financial Adviser, who can help you get in and out of any stock you buy at any time and you'd sure be in Profit
*TERESA JENSEN WHITE,* That's whom i work with
Fantastic achievement, lot of hardworking, planning, brains and high technology behind it. Congratulations India
Thanks a lot
We should not be depended on anything and anyone. We must explore our own strength. We must use our brilliant students of IIMs and IITs to implement and explore new technology. Give them Projects for this purpose and take outputs.
Indeed Pradeep
Than quite youtube ASAP
UPI ki jay ho 🙌 we all proud to be make qr based fast transaction technology
Yes.. this is the future of transactions 🇮🇳
2 Word:- PERFECT ANALYSIS + PREDICTION
Thanks Shailesh
First Time, India has created a World Class Product.
Indeed
You need to gain some knowledge first.....
India always give world class product to world....
Not first time, our every ancient knowledge is used by every scientist around the world..
Very well explained sir..
Really appreciate your efforts 👏👏
Thanks Sachin
Feel so proud! Slowly, india us on the way to becoming World Guru again. Thanks to the leadership of Narendra Modi, we are moving at such a fast pace.
Good step by government 👍👍
India's Dizitalization wave is now unstoppable... Many.more such things are way ahead ...
Indeed Alok Gupta
And people used to laugh at Digital India mission.
Great India. Joy ho UPI. PROUD INDIAN🇮🇳.
India is India 💚🇮🇳💚
The future is India in every field one can think of not to speak of high tech ; it is this Indian culture that has made science out of religion and anyone can become liberated following the definitive steps and methods given in our scriptures, this is the ultimate man can achieve !!
Proud to be an Indian 🚩🇮🇳🙏
Thanks Ravi
I am proud to be part of this digital revolution. Important is it is homegrown & developed by our engineers in India.
This will bring end to cheque, credit & debit card driven transactions.
Also it will end corporates squeezing small suppliers. This new culture will automatically improve Quality & supplier chain
Bharat banata kam but jo bana deta h usse tikau koi nahi ho skta
Khudos to NPI 💣
🎉 very true and proud of Indian UPI payment system…👍🇮🇳🇮🇳🇮🇳🇮🇳🇮🇳
Positive response towards the UPI implementation from world is very necessary as it helps our country to grow and become dominant in fintech sector globally.
Very inspiring video, keep awaring us...
Brother,, your knowledge spread way is marvellous 👌👌👌,,none can compete u
Thank you 🙏
Good one . But upi 2 should not be over complicated. User interface should be simple.
Need to replace Swift by UPI because if payment gets stuck in Swift it takes months to clear or get payment. Had very bad experience with Swift
Yaah so america need to support
Swift k din aise bhi khatam hone wale hai due to RBI new guidelines of nastro and vostro bank accounts opening with Saudi Arabia and Bangladesh soon UAE
Haan mazak hai
@@Vikkram1993 huh? Are you know the full form Swift even? Bhai international banking system he not even possible to replace it 😂😂😂 tum pta mhi konsi theory lagya rako ho
Exactly
O देशभक्त economist many thanks to you. Provide proper and proudly information.
Thanks Yeshwant
Thanks what a video, learned so many things in just 10 mins. 100 likes from my-side.
Thanks for all your hard work, thanks a lot mate !!!👍
Mera Bharat Mahan....🚩🚩🚩.. Jay Hind....
Credit card attached with is great update. Now everyone use credit card in local shop. People ka purchase power or badhega.
I think foreign entities should be banned from being an authorised UPI partner like Google Pay,
All they are doing is studying the entire system and they will launch a modified version of UPI.
I think they know how upi works, but they cant copy it as our gov is involved
Vo esa nhi kar sakte , USA government kabhi UPI system nhi Ane degi visa mastercard ke karan
@@sanatanihindu3089 I know bhai,
But jaise unke apne desh mai gpay nahi chalta but yaha india mai indian apps se compete kr rhe hai vaise hi woh USA ko chodkar baaki countries ke liye launch kr skte hai UPI jaisa system taaki India expand na kr ske
Proud to be Indian
UPI has created miracle
Jai hind..🇮🇳🇮🇳🇮🇳🇮🇳🇮🇳
Bas desh aise hi har chetra main tarakee karte rahe...yahi prathna hai bhagwan se🙏🙏🙏🙏
What a fantastic and comprehensive video! Kudos, Mukul sir.
Thanks Swarandip
@@AssetYogi
Sir, UPI ka share hai kya
Invest krana chahiye 😂
@@AssetYogi
Thank you for these informative videos
Keep it up Sir ✌🏻✌🏻✌🏻
Me ganv se relate karta hu mene pichle year makan banaya jisme 40 lac lage usme sahayad hi 1-1.5 lac cash me diye ho sab online maximum upi se . Modi h so great
Mujhse bht Khushi ho ri h ki hum kisi cheez mein no one pe a gye hain..
I proud to be an indian
Parnaam guru ji
2016 me monetization hua ..iss liye digital payment ko bada push mila..
Monetization nhi hota fir bhi digital payment success same hi hota. Kuch faida ni hua monitize krke ulta nuksaan
Demonetization*
@@Vivek.101 terrorist hawala patharbazi reduced drastically.
This is called digital India Good initiative by govt log bolge modi ne Kya kia modi ne vision create kia and India ko ane wale 10 sal me iska impact dikega
🚩🇮🇳विश्व गुरु भारत
🇮🇳भारत भाग्य विधाता
UPI is more than a Technology, is a Reevaluation Thank to Modi Government
Isme modi jii ka wah kyu
@@ritesh1920kumar pakka tu yadav hoga....kyunki yadav ki budhi ghutne me hoti h 😂😂
@@jitendrakumar-ry2hj or kumaro ki gaand me 🤣
In April 2009, National Payment Corporation of India was formed with the objective to integrate all the payment mechanisms in the country and make them uniform for retail payments.
RBI in 2012 released a vision statement for a period of four years that indicated commitment towards building a safe, efficient, accessible, inclusive, interoperable and authorized payment and settlement system in India.
Kach acha hua tho Modi, bad hua tho opposition.
Kya hai bhai thumara ye andhbhakthi.
@@Predictor1652 abdul 🤣🤣🤣🤣 name is enough 😂😂
Asset Yogi ..... What a presentation....!!!!
Your Video on SGB is a masterpiece....
Thanks sir
More important, India has highest gold holding well distributed 30k tonnes. So our money and it's trust issues is very strong. The world has to respect this.
It’s really game changer, well done👍
Indeed Ratnesh
Good टेक्नोलॉजी UPI
Mind blowing description.....
Thank you so much 😀
I have done my all transactions through UPI like phone pay , Paytm , Google pay etc. From abroad just a second it's really amazing .......
Thanks for the information Suresh
Bahut achha lgta hai sun kar hmara desh kisi achhi chiz mein number 1 hai or aage bd rha hai
Thanks Kapil
Mojj ker deya UpI nay I proud of my country Jay hind Jay Bharat 😍🙆
I wonder, can anybody explains better than as in this video. Jabardast Video. Loved it ❤️
All thanks to Nandan Nilakani!!!
Wow 🤩 this is step will be master stock 🎉❤😊
That's the reason we are supporting PM Narendra Modi Ji to make india a dominating country in the world
thank you Sir for regular valuable videos
Always welcome
Yes u right sir thank you
Thanks Helen
Very good work our UPI 2.0👍👍👍🇮🇳🇮🇳🇮🇳🇮🇳😀
Thank you so much 😀
Sir aap लोगों ki wajha se ham राष्ट्रवादी लोगो ko apne देश ki mahaan baate pata lagta hain Jai Shri Ram
As always awesome video sir 👍
Thanks again!
Thank You Sir........
Most welcome
I love my india ♥️👍🏻🇮🇳
Jai Hind
Well explained bro easily understood 👌🏻👍
Thanks modi Government
Thanks
Sir
आपने बोला, या आपको लगता है तो
UPI का future bright 🌞 ही होगा।
🙏🤳
Very well explained. This topic is difficult to understand for a common man. I understood fully. Looking forward to see more such videos. Thank you.
Thanks Arjun. Keep watching.
Very well explained, like always to the point./short and crisp.
Glad you liked it!
Proud to be Indian
Having UPI payment system
Thanks a lot Mr Reliable Mukul Guru..
Most welcome Pawan
Agar home loan process suru kar diy ho or ab us jagh mai ghar nahi banan hai dusri jagh ghar banan hai to us loan ki process mai plot hai uski location bSs change karna hoga ya waps se usko cancel karwake phir se loan ki process suru karni padegi...?
Now I don't need to worry about my credit card bills. It automatically gets debited before the deadline ☺️
We indians like: UPI Zindabad Zindabad
Has NPCI figured out how to recover the cost of transactions?
Since Visa and Mastercard recover 2% MDR from merchants, a 0.2% MDR for UPI would be reasonable.
You also ignored the prevalence of failed transactions in UPI, and what should be done to eliminate them.
no failed transition in years , it's your fault , you may have changed some settings.
No transition cost is cumpolsary, all will be funded by gov 👍🏻
bhai apaka chai wala ₹1 paisa ni dega payment ke liye 🤣
Nhi
Sirf Bada companies...Jaise Amazon, Flipkart..ko transaction charge lagana hoga.. kyun ki unko cash on delivery ko pehle bohot paisa waste hota tha .. UPI se bohot profit hua he unko..
All best. for UPI introducer
01:51 there is going to be transaction cost soon
05:40 We can still make transactions without smartphone or internet via *99# from the number linked with bank 😊
10 paisa hona chahiye cost, free bhi sahi nahi. 10 paisa means 1 lakh crore per month revenue, it can be great support for economy. Or we can have daily one transaction free and afterwards 10 paisa cost.
@@ghatak580 totally agree with you
to setup UPI we need card, means the issuance of cards cannot be wiped out and as long as cards exist card payment will be done.
Let's hope that transaction charges in UPI may not be implemented in future..😂😂😂
Than it will be very bad for digital transaction or cashless economy.
Finance minister said they will not charge but hope they will not do.
It will happen within next 4-5 years. Like fixed 1Rs per transaction.
I don't think so. as government saving money that need to print, store and transport the cash by these digital transaction. And it is very risky to hold money in cash it need very much security.
Nhi ayega
Bhikhari gov will do this for sure in future to loot people
I'm so proud of an Indian......
So Informative....... thanks 😁
Welcome Manisha
@@AssetYogi 😁
बहुत अच्छी तरहसे समजा दिया आपने अच्छा लगा।
very informative news sir
Thank you
Bank to Bank Transfer me Canara charge korta Hai
Totally different video which is hard to find these days on other youtube channels.... every other Channel has similar content..
Great work sir😄
Thanks VG
SUPERP!!!! SUPERB!! JUST SUPERB!! Congratulations INDIA. PM.MODI and BJP.
India is great, i love my india
Proud feel we are INDIANS... Jay hind 🇮🇳🇮🇳🇮🇳🇮🇳🇮🇳🇮🇳🇮🇳
Can It give Strength to Rupee in Global Level if UPI goes to different countries?
No
Wow, thank for sharing this video sir.
Thanks
I am proud because I am indian 🇮🇳🇮🇳🇮🇳🇮🇳🇮🇳🇮🇳🇮🇳🇮🇳🇮🇳🇮🇳
Marvelous vedio
Thanks Anil
kudos to our engineers.withiout proper infrastructure they achieve so much.
UPI is the best 💞❤
Good steps by Government 👍
Thanks Rushikesh
🏹UPI Lite wala concept is great
Thanks Prince
Mukul Bhai, every thing is changing, but still our AMFI & SEBI is not changing.
While doing KYC for Mutual Funds, they still insist on " Cancelled Cheque ".
Now how many of using cheques in these days.
If you want to make big transactions, there is NEFT / IMPS / RTGS. Who the hell are using Cheues.
SEBI & AMFI are not ready for the e-generations, they are still from the old school of thoughts.
Mukul Bhai, please raise this issue with SEBI & AMFI.
Even if you try any app to invest in Mutual Funds, while initiating KYC, cancelled chaeque copy is mandatory.
Yaar, AADHAAR Card & PAN Card is also linked to our bank account. Why dont they fetch the data from there?
Please raise the issue.
Thank you. 👍👍
You can go for Ckyc.
Sir g Export mei LCL CONTAINER PE F.O.B HOTA HAI ? YA PHIR LCL MEI KHUD HI CONTAINER BOOK KARNI PADHTI HAI ?
UPI is revolutionary. I am 80% cashless
Good to know
Hi Team,
I am a big fan of yours and follow your all social media platforms
Today the government of India is focusing on digital currency , UPI 2.0 and most importantly Cross Border Payment systems
GOI is encouraging banks, Fintech company to develop cross border payment solution or make it easy
So i request you to please make a brief video on Cross Border Payment concept so that the local public can understand about it
Noted Maunil
UPI is the master stroke by Indians