Today morning i came across an article from https://www.moneycontrol.com/news/b...nepe-and-google-pay-worried-11108471.html/amp
It talks about ncpi launch of new plugin for upi payment where in payment companies like razor pay paytm and etc can provide upi payment option such that you never have to leave the app
Currently if you are using an app like swiggy or zomato or flipkart and choose upi for payment options you are redirected to the app of your choice such as gpay phonepe and paytm etc and after payment go back to swiggy and zomato and flipkart
but with this new plugin payment processor like razor pay can make upi payments without ever leaving the app this has an benefit of more reliable payments that is less chance of failure
However I have a few concerns
1) does this not take our choice to choose the payment option such as gpay paytm phonepe
2) what about my rewards for going with a specific payment provider as I don’t ever remember razor pay providing any rewards for any type of payment
3)Does this not remove gpay paytm etc from the competition from online payment as most websites and apps already offer payments options via an payment processing service such as razorpay paytm payu etc
What are everyone thoughts about it am I being to paranoid as nothing of such sort has happed or am I missing something?
It talks about ncpi launch of new plugin for upi payment where in payment companies like razor pay paytm and etc can provide upi payment option such that you never have to leave the app
Currently if you are using an app like swiggy or zomato or flipkart and choose upi for payment options you are redirected to the app of your choice such as gpay phonepe and paytm etc and after payment go back to swiggy and zomato and flipkart
but with this new plugin payment processor like razor pay can make upi payments without ever leaving the app this has an benefit of more reliable payments that is less chance of failure
However I have a few concerns
1) does this not take our choice to choose the payment option such as gpay paytm phonepe
2) what about my rewards for going with a specific payment provider as I don’t ever remember razor pay providing any rewards for any type of payment
3)Does this not remove gpay paytm etc from the competition from online payment as most websites and apps already offer payments options via an payment processing service such as razorpay paytm payu etc
What are everyone thoughts about it am I being to paranoid as nothing of such sort has happed or am I missing something?