r/Damnthatsinteresting • u/Getatbay • 10d ago

Video EU has created a system that bypasses payment processing services like visa or mastercard

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49

u/This-Artichoke9052 10d ago

This is uPI adoptation from India

3

u/wormoil 10d ago

This is based on Belgian Payconiq which was launched in 2015, UPI was launched in 2016.

-12

u/Responsible-Elk4497 10d ago

What does this have to do with UPI...

11

u/tamal4444 10d ago

Because this is UPI

1

u/wormoil 10d ago

It's not, UPI was launched in 2016. This system is based on Payconiq which was launched in Belgium in 2015.

1

u/tamal4444 9d ago

Nov 19th 2024 is the date. Google it.

-5

u/Responsible-Elk4497 10d ago edited 10d ago

Oh, didn't know India invented QR code

5

u/santropy 10d ago

QR code is not a payment system dumbdumb.

-2

u/Responsible-Elk4497 10d ago

Thanks. So India invented QR payment system?

2

u/santropy 10d ago

There is nothing called QR payment system.

The original comment you replied to said that Europe's payment system is based on UPI developed by India and that's a fact. Internet is free. Use it to get educated.

2

u/Responsible-Elk4497 10d ago edited 9d ago

There's no such thing called "Europe's payment system" yet. The original post is most likely talking about Wero, which is something that EU is still exploring. It's not a thing Europe-wide yet and it's not "based on UPI" in any way.

I did some googling and Greece has a national payment system that's in partnership with UPI. Is that what you are referring to?