this post was submitted on 21 Mar 2025
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Buy European

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[โ€“] hehehe@lemmy.world 14 points 3 days ago (2 children)

We got UPI in india and it's amazing. You use it and feel like the rest of the world is living in the past.

[โ€“] drmoose@lemmy.world 4 points 3 days ago (1 children)

Every country except US has an equivalent system tho.

[โ€“] easily3667@lemmus.org 5 points 3 days ago

The us has like 3 equivalent but not interoperable systems. They are all controlled by the same 2 people

[โ€“] owsei@programming.dev 1 points 2 days ago (1 children)

How does India and Brazil (PIX) have that but US/EU doesn't?

[โ€“] embed_me@programming.dev 3 points 2 days ago

To me, it is a bastard child who turned out noble. In India, the government a few years back had announced overnight invalidity of the highest two denominations of cash notes, in an ill-informed attempt to "eliminate black money". The alternative note to replace the two, was of even a higher denomination and often in scarcity due to the sudden and unplanned decision. (ATMs were malfunctioning due to the different size of the note). It was a chaotic time and many daily-wage earners, and other vulnerable groups, the economy as a whole suffered. These events indirectly led to a very good technological infrastructure, but I will always believe that the price included some of our blood. (It didn't have to be)

https://en.wikipedia.org/wiki/2016_Indian_banknote_demonetisation