4:00:06If UPI Is Free, Who Pays for It? | PhonePe, Razorpay & NPCI | WTF is Payments?
219K views · 14h ago · 4:00:06
Guest: Sameer Nigam
Access the full data and references used in this episode below. Please open this alongside the episode while watching. We scan a QR code, enter a PIN, and move on. I wanted to understand everything that happens in between. If a payment feels instant and costs us nothing, who is doing the work, who is taking the risk, and who is paying for it?
Topics: Sohini Rajola: Her journey and NPCI's role · Banks, fintechs and digital banking · Harshil Mathur: The problem that led to Razorpay · Sameer Nigam: His journey before PhonePe · Why young Indians want to leave · UPI's early builders and the cost of overregulation