And minutes later, the stock fell more than 65% 😰ġ. SVB (Silicon Valley Bank) - used to be the most friendly and popular bank for startups.Ī. CEO of a private US bank proudly shares that they have raised around $21bn. 𝐒𝐕𝐁 𝐁𝐚𝐧𝐤 - How one decision has started the 2023 Recession 🥶 Here are key transactional usage parameter: #payments #banking #bank #money #scalability #upi #upilite #fintech Overall, #npci has brought back the traditional wallet idea (that laid foundation of many fintechs) to solve many of their scalability and stability concerns. We are yet to see how smooth this process will be. Secondly, changing a device or sim card will bring additional hassle to contact the bank to transfer money back from UPI Lite to your bank account. UPI Lite will help solve this problem but in my opinion there are other better ways to address this problem. > In order to solve this problem there will be wallet (by name of UPI Lite) created on sdk of UPI app - precisely on common library (CL) of UPI app provided by NPCI.įrom end user perspective, I personally did not liked UPI for the fact that it create multiple entries in your bank passbook and when you try to look at it once in month/ year you are in a mess to make any sense. > Not a main reason but it is inconvenient for users to enter upi pin for every small txn.

> More than 50% of payments on UPI are of value Irrespective of the amount, the count of transactions places a huge load on banking systems.

However, before we go there let’s understand why it was needed at all. I happened to try UPI Lite last week and here are my two cents.

Gpay and google pay