How India's MASTERSTROKE with Rupay is killing VISA and is changing India? : Business Case Study

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VIDEO INTRODUCTION:
On 15th of August 2014, the govt of India made a revolutionary announcement about the Pradhan mantri Jan Dhan Yogna, and this gave rise to an iconic venture by the National Payments Corporation of India.This venture that I am talking about is none other than India’s own card network Rupay. and Rupay has taken such big strides in the Indian payment industry that in 2013, RuPay accounted for only 0.6% of all cards but in just 4 years, by June 2017, Rupay had already surpassed Visa as India’s largest payment card with 375 Million transaction and by 2020 it already commanded a market share of 60% in the India’s card market!!This put VISA under such a big threat that it approached the US govt to help them stand against Rupay!! So the question, in just 6 years, How did Rupay kill the billion dollar Duopoly of Visa and Mastercard in India?What is the govt’s strategy and intent behind this revolutionary intitiative?and most importantly, as citizens of India, how is this going affect lives of the people of India?
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Study materials
1. razorpay.com/learn/what-is-md...
2. www.rupay.co.in/
3.indianexpress.com/article/bus...
4. Working of credit cards
drive.google.com/file/d/1RBeT...
5. Working of Razor Pay
razorpay.com/blog/how-online-...
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#thinkschool #RUPAY #VISA #MODI #NAMO Credits: CNN-News 18, WION, NBC News, Money control pro, Business standard, TV18,Business Today, ABC news, CNBC, ET now ,Bloomberg originals, Financial Times, DW documentary, AL Jazeera English, BBC news, Firstpost. Fair use - This video is for educational purposes only. All materials used in this video, including images, audio, and video clips, are the property of their respective owners and are used here under the doctrine of fair use. This video is intended to provide commentary, criticism, research, and education on the subject matter. We believe this constitutes a fair use of any such copyrighted material as provided for in Section 107 of the US Copyright Law.

Опубликовано:

24 июл 2024

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Комментарии : 3,4 тыс.

@archervinay 2 года назад

One of the reason for government to push Rupay was the data. Visa and MasterCard were capturing financial data and American govt, American companies where able to get much better insights about Indians than ourselves. They could track absolutely everything and it was posing a strategic risk to Indian government. So it was high time we needed to keep financial data within India by using Indian card network and thus Rupay. And this data is also shared with Income tax department to cross check IT returns

@deepakmanwaniappdev 2 года назад

i liked this reason behind using 1300 cr hefty amount to set off the interest of shareholder in the payment market

@puneet7768 2 года назад

We are still handing over data to America as we use facebook, Instagram, google etc

@archervinay 2 года назад

@@puneet7768 on social networks we share data about our preference and intrest but here we are sharing our financial data with proof in the form of receipts. They already have demographic information and they can tell the financial status of a individual with pin point accuracy.

@mikeljackson6459 2 года назад

@@puneet7768 data localisation law prevents that and that's the reason they're opening many data centres in the country

@mrsingh1612 2 года назад

That is why mastercard cannot issue cards in india now, and visa has agreed to build data centres in india. Also rupay is a dedicated service, while visa is much more than a payment gateway. payment gateway is only visible entity of visa's source of income to us, it has got much more depth than we can imagine. and at the same visa is here for diversifying payment process, with its mVisa in india. and its already ahead in cardless payment service, and many more credit service are being offered. even amazon had to agree to allow visa foregoing the high charges it offered. all i can see is rupay being acquired (privatisation) or it will be a cash drain for gov just like bsnl.

@skyinearth 2 года назад

If Indian Banks start promoting Rupay Card in all sectors then international players will be forced to accept Rupay as a valid card, I've booked middle eastern intl flight by using Rupay Card and Believe me it was a proud moment for me also I didn't had to pay a single charge as of currency conversion and Intl transaction fee, hope to see more surprises as this one.

@deadmann1131 2 года назад

@@MrAnmoltiwari tere visa aur mastercard wale country me kya log tax nahi dete?? bakchodi kar lo bass....

@sweetpotato4678 2 года назад

@@deadmann1131 abe gadhe, he is referring to the amount GOI is paying the banks to compensate for their loss when Rupay is used. That money is coming from tax payers. It's not growing on trees.

@cocomoose4730 2 года назад

@@deadmann1131 anpad ho anpadon wali baat kroge! did you read in what context he said that! you reek of hyper nationalism man! get some help

@MrAnmoltiwari 2 года назад

@Guardian Of the galaxy true…cant deny the fact that its a great idea.

@sameermelhotra7821 2 года назад

@@MrAnmoltiwari abey tu jaa re, yeh scheme tere liye hai hi nahi 🤡😂🤣

@yasirparvez9750 2 года назад

That's the beauty of our country... People can talk brain drain and crap but there is still so much talent working here that we can take over any superpower from the economic standpoint

@hmmm463 2 года назад

Hindus,Jains and Parsis are backbone of this country No matter how much brain drain happens, these communities will save India cz thy know how to peacefully coexist and work for both themselves and the country

@unseenmind8964 2 года назад

Very well said mate!!!

@wyde3439 2 года назад

Are you joking? Which economic superpower is India going to take on? UPI, RuPay and other financial systems will help the country develop. But this is not sufficient to take on any economic superpower

@bossb9680 2 года назад

@@wyde3439 it's a step forward.. you can't jump 1 km at a time. You need to take 2meter strides to reach that 1km

@sargunangoppalan7809 2 года назад

@@bossb9680 don't bother explaining. These are basic facts, but some people don't have the IQ to understand a simple thing that you stated. People like Swadesh is the reason why the country tend to face challenges in development. India will rise if the government has ambition and keep pushing towards its goal. Nothing is impossible here. In the year 2000, China's GDP was $1.2 trillion, while Japan's GDP was $4.8 trillion & US at $10.25 trillion. Now, as of 2020, China's GDP is at $14.72 trillion, while Japan's GDP is at $5 trillion and US GDP at $20.94 trillion. If China and Chinese people had the mindset of Swadesh, they could not have become the 2nd largest economy today, threatening US dominance as sole superpower.

@C01A60 2 года назад

As the western govt are using financial instruments as weapons it’s important for each country to adopt their own alternatives..

@Mrgreen2558 2 года назад

Yep you are right

@NativeVsColonial 2 года назад

Learn from China.

@rradhak 2 года назад

learn from what is done to Russia

@jothiparam 2 года назад

Exactly

@ksb921 2 года назад

true ,we need to avoid barking dogs ,out side our home

@IndexofIndia 2 года назад

Mark my words. UPI and RUPAY will be the reason India increases her soft power in this decade. Hope the pilot project ties with ASEAN and Middle East countries gets successful. So bullish on this country and its hardworking people.

@growwithranjit4048 2 года назад

🔥

@growwithranjit4048 2 года назад

Investing in you at 265 subs

@zinchh 2 года назад

Marked

@Sam-ee6iw 2 года назад

Ur hoping and predicting in the same sentence. I’d reckon there is no logic to back ur claim?

@Jay-bf1nm 2 года назад

💯

@multiplytheiq6880 2 года назад

I learned practical examples for the following topics from Think school 1. Sale and lease back concept ( Indigo) 2. Inventory management (Toyota) 3. Importance of data research ( Bajaj finance) 4. Logistics management (Amul ) 5. Difference between inventory model and market place model in ecommerce (nykaa) And many more. Thank you so much to Think school team.🤝🤝🤝

@SanthoshVodnala 2 года назад

Man, youn took me back in time. Soo many lessons learnt by Think School. I'm very grateful I found this channel and to the Think School team and the Think School community

@waytosuccess18 2 года назад

ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-HiqRpzuhdmc.html🎉

@randibacha5777 2 года назад

Commenting to save this

@readbooksinsteadofmyname7369 2 года назад

@@randibacha5777 this notification will help you

@sunilts3089 2 года назад

superb

@muttonshop1 2 года назад

Not a banking expert, but whatever is explained here is good ...going the right way, there may be challenges, but doesn't mean India should not fight these challenges! Best wishes India!

@prakharshukla7710 2 года назад

What has changed ? The fact that Modi regime let the psu and government owned corporation go ahead with their plans and implementation without any fear. Rupay was struggling during congress regime. And than Modi changed the game using pmjdy, the infamous demonetisation added to the cashless banking. I paid using UPI in a remote chai shop of ladak. This is the level of penetration these government ideas have achieved.

@MMaheshThakur 2 года назад

Congres only worked for elites. We got telephone and mobile in BjP era too.

@samarthpat 2 года назад

@anime that's a very good point u made there, i think it was one of the many reasons they did there.

@akshitaggarwal265 2 года назад

They even accept 10 rs payment through UPI awesome man

@sandeepmallik7312 2 года назад

🤦‍♂️

@srinisbir8781 2 года назад

@@anime2315 You hit the nail on its head. In India, "laton ke boot baaton se nahin mannte". You need to hold Indians by the scruff their neck to make them adopt something new.

@harshalpatil2817 2 года назад

I had also open my bank account using PMJDY back in 2014-15 because I had qualified for scholarship of Rs30000.I am still using that account and Rupay debit card and most importantly I have got new Rupay Debit card with chip 😍😍

@adityarao3577 2 года назад

Came to know that our own CoWin platform is in huge demand even in the developed world these days. Its really impressive how the government has taken unprecedented leaps in the digital space.

@anujmchitale 2 года назад

What you think unprecedented is just basic in developed world.

@MrDevangThanki 2 года назад

@@anujmchitale Obviously it is basic but we didn't have this basic before...Be grateful and aim for more.

@anujmchitale 2 года назад

@@MrDevangThanki Yes but tagging it as "unprecedented" or "innovative" is patting our backs too much. I agree to your point of aiming for more but sorry, cannot be grateful for such small fruits.

@AdhityaMohan 2 года назад

And what world is that? The EU has its own system, so does Canada, the US and Australia. Sure it's an okay system, but tone down on the rhetoric.

@adityarao3577 2 года назад

@@AdhityaMohan you are right. Actually the greatest product india has produced, that too on a mass scale, is people like you...who would bash their children for the 1% they couldnt score and undermine the 99% they did. Keep up the great work!

@lesliebenjamin5487 2 года назад

You missed out mentioning also another aspect in that; letting "purely external" card payment system (any country) have control of a country's ecosystem can be very disastrous effects as being visible in the current global situation. When country GOVERNMENTS have issue with each other, such private companies are arm twisted into stopping/exiting/penalizing hence with little concern or care for the impact on an "AVERAGE normal" person in the country of economic activity. In cases of sanctions, India has card-proofed itself and that's a "part benefit."

@abhia7219 2 года назад

You rock!

@thechosenone1533 2 года назад

He didn't miss it out. This video was made before the Ukraine war.

@Dhannanjayy 2 года назад

As said close to 1.4 lakh crore rupees were deposited after the PMJDY was launched ultimately earning interest on the increased liquidity in terms of loan etc. This can offset the 1300 crore set by govt. Moreover now that rupay and UPI willbe used by foreign soil, royalties can be charged in high income countries.

@waytosuccess18 2 года назад

ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-HiqRpzuhdmc.html🎉🎉

@vedantmungre1702 2 года назад

Yes same, I also thought about that

@drpizza8546 2 года назад

But in foreign soil if rupay starts charging royalties why will people opt for it instead of visa and master card? The services provided by rupay are only limited to indian subsidiaries and payments of rupay are also not accepted through international gateways.

@escobar4843 2 года назад

Good point.

@ankanroy2931 2 года назад

@@drpizza8546 it can be much low

@vinaybhat7670 2 года назад

This is why i love current government...they r trying their best to make our country stand tall against all world powers.. UPI, Rupay are crown in their achievements..

@stillunknown5785 2 года назад

Hmm No body can Deny it

@siddharthbhattacharya8931 2 года назад

@@stillunknown5785 librendus and jamatis will

@stillunknown5785 2 года назад

@@siddharthbhattacharya8931 it's human psychology (agar tumhe bura lagega toh log chidayenge hi ) aur insaan ko ye bhi dekhna chaiye ki Ab GDP aur economic growth kya ha aur mehangayi kitni jyada badh gyi ha aur Sabse main baat ki Hatred kitni bhad gyi ha (Islamic extremism khatam ho paya ab Hindu extremists aagye ) har muslim ko ham galat Nazar se dekhne lage (Ham andhe ho chuke hain agar koi hizab ka support kare toh ham kahenge ki wo bajrang dal ka Karyakarta mar gya use bhi dikhao ,) pehle itna jyada hate nhi tha jitna ab ha - ab toh agli baar kejriwal ko dekhenge ......

@stillunknown5785 2 года назад

@@siddharthbhattacharya8931 Sabse main cheez aaj kal modi ji ke khilaf bolo toh anti-national 🤣🤣

@stillunknown5785 2 года назад

@@siddharthbhattacharya8931 ab mene tarif ki toh mein sahi hun ab burai kardi toh jamati and liberandu bhi bolden

@IvenSimon 2 года назад

Very well explained. I believe this is the best implementation of Modi government in the past 8 years. Very well visioned and organized. Hope that everyone in India (especially the low income people) will get the power of technology to improve their yields.

@arizvisa 2 года назад

Congratulations to both India and Rupay for being able to threaten and practically defeat a practical monopoly that is maintained through the opacity of information! The formula is easy, the country with the highest most evenly educated population wins and always innovates. :-) If only leadership in all democratic countries are capable of understanding this.

@yvsh 2 года назад

Always wondered how UPI within such a short span of time became so prevalent in our lives and how it sustains the 0 fee model. Great video and explanation!

@Manikandan-ji9jv 2 года назад

Every payment merchants supposed to pay certain percentage after the threshold limit to UPI totally it is not free its free to general public for wider adoption to dominate foreign players

@user03892 2 года назад

👍

@balu3811 2 года назад

Rupay is best because it doesn't have charges for most of the payments.

@waytosuccess18 2 года назад

ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-HiqRpzuhdmc.html🎉🎉

@anniejapan2306 2 года назад

ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-4EcJjViMmT4.html🍑

@thecryptohacker9976 2 года назад

Not relevant for people who gets paid in India from working in foreign companies and for people who regularly makes international purchases and transactions like myself.

@WanderingSoul-rt2ws 2 года назад

@@thecryptohacker9976 It's mainly for poor and Middle class. Rich people can have both cards.

@hxrsh_x 2 года назад

Steam pe rupay ka card nahi chalta

@OPTIONALWATCH 2 года назад

Great video. It serves as a reference. Happy for India that always stands their grounds and is not a lapdog of anyone. If you want to do business with India you're welcome but it's got to be reciprocal, not just a one way highway.

@kennethferland5579 2 года назад

Good for India, the Payment processors have overcharged EVERYONE for decades, maintaing percentage based fees which made sense when transactions were done by phones but are completly unjustified under modern digital systems. In America the card companies refused to lower these rates but isntead competed with 'cash back' systems in which large chunks of the fees charged to merchants go back to the customer. But all merchants price their goods equally fro a cash or cashless transaction, so cash customers are basically subsidizing cashless ones. Payment networks should be seen like a nations postal service, a piece of infastructure that should be run for the public benifit of stimulating commerce, not as profit centers in themselves. I see no need at all for private companies to squeeze profit from other peoples actual commerce, it is no different then a man collecting a tool on a road that was built ages ago and has been fully paid for.

@SanthoshVodnala 2 года назад

I always wanted to know the business model of visa and mastercard, and why there are only 2 major card systems. This video helped a lot in understanding this. Thank You Think School!

@waytosuccess18 2 года назад

ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-HiqRpzuhdmc.html🔥

@vinayakk2745 2 года назад

@@waytosuccess18 stop spamming!

@nitinbagaria1982 2 года назад

There is AMEX also

@deathward990 2 года назад

AMEX has better perks though

@anniejapan2306 2 года назад

ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-4EcJjViMmT4.html🍑

@AnuJ-vu5xn 2 года назад

we usually only critisize our government ... but no one can deny the crazy rise of infrastructure , power supply , startups , NPCI(digital transactions ) and many more in just 5 years ..!!!

@narutohenaruto 2 года назад

only blind haters criticise it. the people with a working brain who know whats happening will have nothing but praise for the Modi govt.

@kumarnavneet6079 2 года назад

Defense,welfare scheme also

@the7thhokage404 2 года назад

criticism is good as well, helps keep politicians humble.

@jarp5581 2 года назад

They are Anti Hindu They think it's cool being anti Hindu

@vishvadhar 2 года назад

@@Delta._ भाई गाली देना जरूरी है? कहा से आया में बताता हूं Quran 2.191 Quran 9.5 Quran 5.33

@paulwusteman1094 2 года назад

Very clever scheme, seemingly with very great benefits for the Indian population. Congratulations to Modi. Faced with mad murderous Russia (but not for much longer) and a merciless ultra-nationalist China (including to its own people), we need a strong democratic India that can invent schemes like this for the benefit of its people..

@PuneetMehra 2 года назад

Guys, after seeing how the West has frozen all Russian money, it becomes very very important to start using Rupay , BHIM more and more. and decrease using Visa, Mastercard. We need to be self-reliant, more so becaue we are pro-Russia. We are in a dangerous space right now. I request all of you to use Domestic Indian payment modes more and more.

@allenqueen 2 года назад

Why are we pro-Russia? Even China, the biggest competitor of USA is silent. This Russia of Putin is not the USSR of the Cold War era.

@viveksaxena4326 2 года назад

I was paying fee of my College . I get to know that visa charge 150 rupee as convenience charge on 22k rs. But i submit my fee by using friend debit card of rupay where there is no convenience charge . Then i got to know how useful Rupay is.

@ronitsharma1414 2 года назад

wow, thanks for telling me this

@swastiknag9220 2 года назад

I was booking suburban train ticket in UTS app where I noticed this

@privateagent5972 2 года назад

yes i also noticed that but i had my own rupay card

@ksb921 2 года назад

you paid american cess

@zos8085 2 года назад

In Australia, using a credit card can see 4% sucked out of the bill. I asked my dentist if there was a cash discount. He said no, so I quit that dentist. Nice to see India stop bleeding money via 'invisibles'

@jihirsh4861 2 года назад

Sorry! I secretly want this channel to be underrated, this content is too valuable for everyone to know. But keep up the good work bhaiya.

@lalit3262 2 года назад

Lol 😂 sometime evn i have the same thought but then i remember im on youtube 😂

@waytosuccess18 2 года назад

ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-HiqRpzuhdmc.html

@vsisirreddy4409 2 года назад

Same here..... U literally said my words🤫🤣

@bochelasaiavinash7786 2 года назад

same here

@gopinathchowdary8483 2 года назад

whn it's matter of national security ... can't agree more !!! besides this is an open secret .

@rp6240 2 года назад

I am in USA right now, but this makes me so proud of my country INDIA :) THANKSS MODI!!!!!!!!

@govindadas7095 2 года назад

RuPay is going to be a real game changer in future towards building Indian financial system

@rajars4239 2 года назад

Dude, Rupay card doesn't work properly in India only. There are many failed transactions. There are some outlets where you have a board saying American Express and Rupay not accepted. Last but not the least, RuPay is completely useless if you travel abroad.

@05videos6 Год назад

@@rajars4239 yes

@Dennis56781000 2 года назад

RBI also put out a notification telling Visa and MasterCard to setup servers in India, which they resisted. MasterCard, Amex and Diners Club were blacklisted from issuing new Credit cards. I believe India's insistence on securing payments data was one of the important considerations behind its offensive against these card companies.

@anniejapan2306 2 года назад

ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-4EcJjViMmT4.html🍑

@gopinathchowdary8483 2 года назад

That's newa for me and also great news ... feels more secure than ever !

@oomz1975 2 года назад

Brilliant move, take the hassle of the dollar out of the equation.

@ktsaravanan 2 года назад

Proof?

@oomz1975 2 года назад

@@ktsaravanan all over the Internet.

@andrewlambert7246 2 года назад

Russia should have reacted earlier against the Master and Visa cards.

@TheBrass18 2 года назад

When the western powers shutting down SWIFT and visa/MasterCard options for Russia, India needs a alternative from those systems. Maybe, 20-30 years from India might do something in her self interest but is against the western powers Interest, India won’t be a slave to their sanctions if they enact them. All countries must develop their own banking system, for self determination and independence from any outside forces.

@swagatamdas4815 2 года назад

We can thank the current government for revolutionizing digital ecosystem in India.

@anniejapan2306 2 года назад

ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-4EcJjViMmT4.html🍑

@Gauravkumar-jm4ve 2 года назад

Right

@07shari 2 года назад

Hi friend, just try to know when was the Rupay plan came into existence

@masthan001 2 года назад

@@07shari bhakths wont talk about that! this bhakth whos put video shows as if all of these happened after may 2014!

@Hbjbsisbehsbsj 2 года назад

@@masthan001 andhnamazi starts crying...!

@krishnachaitanya7435 2 года назад

Digital India,e-Banking,Rupay,UPI, CO-WIN,Startup-India, E-Learning, EV's, Hydrogen Fuel, Renewable Energy. etc Anyone else noticed these development chain that our Country is embracing? Slowly & Steadily we're seeing some significant changes technologically & economically, In some areas like we're already #1 & striving to be the Best overall. Future seems bright for us❤

@brahmajosyulavenkatasubram8605 2 года назад

RuPay card is frequently getting blocked by the RuPay merchant Division and unblock is taking lot of time.

@user-bd7pk9fr5q 2 года назад

| e | hai toh mumkin hai

@krishnachaitanya7435 2 года назад

@@user-bd7pk9fr5q waah bhai 😀

@danawhite7122 2 года назад

@@user-bd7pk9fr5q PEHEL SOCAH YE KYA LIKHA H FIR BEHNCHOD 2 MIN BAAD SAMAJ AYA

@sarithareddy2291 2 года назад

@@user-bd7pk9fr5q wowww😁😁

@Ayush-wd6li 2 года назад

My respect for current govt increased ❤️❤️after knowing how much they care for lower section of society.

@eknag106 2 года назад

Feeling amazed after knowing how much thinktank has work on this revolutionary move,and efforts towards Indian growth by BJP government. Congress has never done such revolutionary moves,I haven't heard or saw.

@nameisnirmal 2 года назад

Rupay was introduced in 2012. BJP hasn't done any revolutionary move here. Yes they didn't screw this up, which is good.

@jarp5581 2 года назад

All the work done by BJP You are converted piece of sh**

@tourmelion9221 2 года назад

@@nameisnirmal they did help it and subsidize it so that the poor can use it free of cost, you got to give it some credit for that, my government would, actually, it has done the opposite, they just taxed the poor more to pay for covid, they're working for you, that deserves praise

@akarshpathak6105 2 года назад

@@nameisnirmal 😂🤣🤭 laughing on you.

@pm6050 2 года назад

@@nameisnirmal hi chamcha of congress

@shubham2094 2 года назад

Finance minister Nirmala Sitharaman in Nov 2020 said banks need to promote only RuPay cards, and believes that with the card network becoming global, it is not necessary for Indian customers to be offered other cards.

@nitinullas 2 года назад

Is that wise? The govt shouldn't favour one entity over the other. That will discourage new foreign businesses to setup shop in India because they can't be sure when the govt will suddenly get josh and promote a local competitive business by making it mandatory for partners to provide them

@sajidakadar9759 2 года назад

What is the use, I had visa earlier, it was international, after expiry was given rupay which was for domestic use only. Rupay isn't welcomed in international payments. I had to suffer greatly while applying to universities abroad because they accepted only visa, mastercard and discover.

@kvs1671 2 года назад

@@sajidakadar9759 good point!

@yvsnkk 2 года назад

We should increase our self sustainance, increase number of transactions and value of transactions in our financial systems,only then we can push others to accept our systems Discover also is new , it is not widely accepted as well but it's acceptance started to increase off late because of its offers

@knight_23 2 года назад

@@sajidakadar9759 Exactly, if they r bullish about their companies. So should be us. It is painful for 10 yrs. But after that world will do what we say. We r 1/6 of globe, we should be respected.

@abhijeetbaruah8536 2 года назад

Rupay and UPI will subsequently need to charge small portion of transaction fee, if not within India but to other government. As Capital is very much necessary in scaling a product and researching better ways. A different public-private company with private equity greater than 55% should be established for foreign services.

@moviesenthil 2 года назад

We should see what Nepal is willing to pay since it has adopted this.

@vish2070 2 года назад

Yeah we should target the middle East and Africa

@anniejapan2306 2 года назад

ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-4EcJjViMmT4.html🍑

@balajikollipara8226 2 года назад

Kudos to Think school for nicely explaining the difficult concept. Also the vision of central Govt to have Indian card operator for wider financial inclusion is extraordinary

@ozvenkatachalam 2 года назад

Fantastic video and it is great to see how India is zooming forward through a Govt that cares for the people. Well done Modi &gov

@sandeepsrinivas7 2 года назад

Thankyou Modiji for UPI, Rupay, and 4G. Jai Hind. Jai Bharat.

@Deathwish_99 2 года назад

btw cheap 4g is due to ambani

@surajkumar-gx6gf 2 года назад

@@Deathwish_99 this is because of Modi

@aslammohammad5005 2 года назад

india means Modi, Modi means India

@0mvp0trophywalirakhiop9 2 года назад

@@aslammohammad5005 masadallah kya baat boli hai

@0mvp0trophywalirakhiop9 2 года назад

@@Deathwish_99 lekin fir bhi katueey ambani ko hi gali dete hain

@sakshamsharma7226 2 года назад

You just opened my eyes about how something good is also going on and every time I see your videos learn a new concept inspite be an engineering student I love your videos sir🔥👀

@lalit3262 2 года назад

Cool

@waytosuccess18 2 года назад

ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-HiqRpzuhdmc.html🎉🔥

@ankitnautiyal2568 2 года назад

As an engineering student, you must have e-commerce as a subject, perhaps in your final years.

@anniejapan2306 2 года назад

ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-4EcJjViMmT4.html🍑

@sakshamsharma7226 2 года назад

@@ankitnautiyal2568 I will definetly try for that

@fabregas581 2 года назад

Bro you are national asset , please do not move over to foreign soil! Your content , presentation skills, verbal ability is marvelous. More power to you and your team.

@gaurav2777 2 года назад

Kudos to the Indian govt. for this initiative. At times like this we all have seen the importance of self reliance. I just hope that all necessary measures are taken to fill up the lackings and this initiative succeeds because then India will gain a big upper hand in the financial sector of the world.

@aceankit2009 2 года назад

Wow excellent video. Never realized that Rupay was this big and so transformational. First with UPI and now with Rupay NCPI is changing India. I live in the Netherlands and they have nothing like UPI here

@TUMTUMTUM981 2 года назад

This day and age belongs to HINDU lions, finally Hindu lions are waking up and standing up to the bullies.

@mohit_7462 2 года назад

It happens when you have the government with vision and courage 👍🇮🇳

@divyanshdwivedi9751 2 года назад

@@तरबुज_खाने_वाला_राक्षस you are the people saying farm law is bad so government take it back

@Dharmic_Republic_of_Bharat 2 года назад

@@तरबुज_खाने_वाला_राक्षस Get lost gadhe .

@dranzergigs8333 2 года назад

This has become a bigger masterstroke seeing the withdrawal of visa and MasterCard from Russia.

@kdaviswbai 2 года назад

I wish we had this system in the US. It seems very humane. In the US the companies only care about profits not people. Perhaps the system can be maintained by levels. Giving people stages. Free in the beginning, but as they use the system to grow themselves, some % fee could be added. If done in reasonable stages the whole economy would grow. More people can build wealth and everyone could still get their feet in the door.

@arulkumar4001 2 года назад

Rupay ,UPI and jan dhan accounts are great step for digital india,good job by Govt of india

@saksham6174 2 года назад

You might like this current gov, or you might hate it. But say what you want, you cant deny that this gov actually tries new stuff. Whether it fails or successes, it tries to bring a change. Edit: There's a War going on in the reply section

@prasanna037 2 года назад

Well said.

@sujoy456 2 года назад

The truth is, the revolutionary ideas come from expert advisory panels in the government, whereas the failed ideas are mostly the short-sighted decisions made by our narcissistic pm, who thinks of himself above others. Sadly, he is always there to take the credit first if the project succeeds, even if it's someone else's effort. Demonatization is a prime example. The so-called 'revolutionalry' farm laws were also his own idea to help Adani and Ambani capture the agriculture industry.

@unknown-ek7xp 2 года назад

@@sujoy456 can you explain more about farm laws and how they are harmful?

@narasimharao9492 2 года назад

@@sujoy456 Demo is not such a failure as it is said.. today the real estate players are not ready to take money in cash in Bengaluru.. After demo,, many have realised that they can't hoard more cash. So that gets translated to holding other assets that can be better tracked.. Similarly it is Demo that gave the impetus to digital payments.. if not then bring this change or such startups like Paytm etc may have taken many more years to reach the local kirana shop. There were many issues in the implementation no doubt..

@adityapandey4415 2 года назад

@@narasimharao9492 he's calling others narcissistic while writing a very ill informed and ignorant comment, hmm "chakraborty" say no more.

@thecorporatelabour 2 года назад

Now when Russia has been imposed sanctions and Visa/Mastercard stopped their business there, we get to know the importance of our own Card Network System. We are becoming self reliant so that in future we can deal with such exigencies. Thanks for making this video at the perfect time 🙏🏻

@FidelCastro404 2 года назад

The war in Ukraine has shown us that the world is controlled by the West.. every facet of life, including sports bodies.. under US control.

@abhisheksinghal94 2 года назад

Came across your channel accidentally. It's pure gold. Insightful and to the point. Loved it

@Midnight_Terrors603 2 года назад

Rupay is going to make a revolution in the Indian banking ecosystem but India should have a capitalistic view . So, that banks can make profits through MDR . Your channel is awesome 👌

@anniejapan2306 2 года назад

ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-4EcJjViMmT4.html🍑

@oomz1975 2 года назад

Capitalist nations are in trouble once they start robbing their citizens (western world).

@SuperSuspiria 2 года назад

One of the benefits of having a Nationalist government at the helm.. Appreciate the efforts of channel in making such a wonderful educating video.

@Christobanistan 2 года назад

You don't need to resort to fascism to set up a new payment processor.

@Factsonmen 2 года назад

@@Christobanistan yall clowns just randomly throw around serious words like fascism and then crib when no one cares

@aakasoto 2 года назад

@@Christobanistan Fascists live rent free in your brain.

@Christobanistan 2 года назад

@@aakasoto Seems like they live in yours.

@Christobanistan 2 года назад

@@Factsonmen Apparently you care enough to comment. :D

@83robertk32 2 года назад

This channel is amaaazing! Very Educative. Am learning alot from it. Some of the things and ideas mention here can be very progressive yet challenging but with capacity of changing many lives in India. Am looking forward to see how such things with little twist can work in my Kenya. With thanks and love.

@tapaswinijena982 2 года назад

where was this channel all my life...?? as someone who finds it way difficult to grasp political and business ideas this, video was a walk in the park. the entire thing was made so easy to understand and was so well researched.. hope you make videos like this in future.

@viswanathanharihara1 2 года назад

During Feb 2014, Russia invaded Crimea, and as retaliation U.S. brought into force severe and crippling sanctions on Russian financial systems. As a result the American card companies, Visa & MasterCard suspended honouring their own cards issued to Russian citizens. Several Russian tourists visiting Europe suffered as a consequence. This alerted the Indian Government of Manmohan Singh, who as a precautionary measure wanted to have a card payment system of our own and RUPAY was launched. By may 2014 Modi came to power and took the digital payment system to dizzying heights in no time. UPI was introduced and Modi while visiting foreign countries lobbied for acceptance of this new Indian Payment system.

@adityapourush7286 2 года назад

Yes, very rightly said. This is why 'self reliance' is so very important. I also feel that politics and ruling party may effect the progress to some extent but actually the policy formation and the direction of the country rests in the hands of top bureaucrats. And I think india has vary good system of choosing bureaucrats. Governments may come & go but they are mere politicians and not the expert of any field or ministry they govern. All the policies are drafted by the IAS officers and alike bureaucrats who are expert in their respective field and hence i feel that india have a very good bureaucratic system which will eventually propel india to prosperity irrespective of the governments.Yes, but a good government will provide it tailwinds...

@karanagarwal9256 2 года назад

@@adityapourush7286 india has a good bureaucratic system? Bhai konse duniya main hai tu😂

@adityapourush7286 2 года назад

@@karanagarwal9256 kindly elaborate bhai, i really didn't understand what you are trying to covey😅

@bharathratnani9532 2 года назад

Aah, another Congress chamcha spotted. If MMS the mute "economist" and highly corrupt Chiddu cared about India's growth, India could have taken massive strides in a decade. So keep this magical BS theories to yourself. If whatever you're saying is true, it would have atleast deserved a mention here and in the parliament. Nothing of that sort happened. Cock your face son.

@nabeelshariff6006 2 года назад

@@bharathratnani9532 He literally typed what actually happened u cuck

@shashankkulkarni993 2 года назад

Fantastic..as a indian we should trust promote Made In India brand . Great job current indian government .. MADE IN INDIA ..

@sesh7357 2 года назад

Excellent clarity and effectiveness in articulation. I commend and thank the speaker for helping me understand the "card" dynamics - also great to know that the Govt thought of such a large scale disruption towards financial inclusion!!! Terrific!!!

@michaeljhones7214 2 года назад

It's amazing achievement by India every country must replicate this digital payment mobile operating system New social media platform of there own

@janyamarwaha2050 2 года назад

man i am watching this channel for like a past few months and it has many time aroused me to do the homework and interest in business while I am still in mine teenage I just want to thank the team of Think School for providing us with insights

@shreyashbaranwal9826 2 года назад

As a teenager I can relate to you for this, I just gets so many ideas after watching these type of videos....

@tanmoyeeghosh7180 2 года назад

Me too. The past two years have been really exiting. Think school and Shark tank India just promoted my thoughts for having a start-up of my own.

@devannnn7204 2 года назад

Me too. 😊😊

@tanmoyeeghosh7180 2 года назад

Well, guys since so many people of the same age are interested in all this stuff, can we have the pleasure to know each other?

@shreyashbaranwal9826 2 года назад

@@tanmoyeeghosh7180 I think we can and we should

@enlightenedone2323 2 года назад

Demonetization and UPI made people realize how convenient it is to to save the major chunk of your cash in bank account, especially to the lower income households.

@vikalpverma9750 2 года назад

Wooo. Such an argument when cash came back to its previous level. Lower income household , where did you see such example, apart from vendors there is close to very little use. One big reason is transactional use, person to person, which is quite low for that income group where cash in hand or bank helps in buying items. Without literate mass and a good running economy these idea find difficult penetration beyond person to company transaction.

@brt3761 2 года назад

@@vikalpverma9750 so what's your final stand then?, don't you want to use UPI and rupay?? and always go with the cash payments like a primitive 😂

@enlightenedone2323 2 года назад

@@vikalpverma9750 One out of four households in the poorest 40% of India use it. Many have also stated that then want to use it but no one is there to guide them. One is four equates to 25% and 25% conversion rate is not only great but legendary. You are the type of guy who will congratulate someone on their victory but will never offer them help when they are in the early stage and struggling. People like you have confirmation bias. You will criticize each and every move of the Govt. because you think that makes you cool. ET Government Article Name: Digital payments well entrenched in Indian households across income groups: Survey

@Sam-ee6iw 2 года назад

@@enlightenedone2323 oh enlightened one please shed some light on economic and social havoc created by sudden announcement of demonetisation? Also when it was announced, the promise was to counter black money and reduce financial divide, can u to kind enough to throw some numbers for that? surely after 5 yrs there should be some sign like reduction of gap between rich n poor, money stashed in Swiss bank returning to India, improvement in India’s ranking in Corruption Index etc??? Or are you Apda mein Awasar kind - like ones who hail war to sell guns n bandages or celebrates Covid mismanagement to sell Drugs, Kits and Oxygen for a premium????

@Sam-ee6iw 2 года назад

@Unni Unni it’s even funnier when blind followers try to justify train wrecks by using vague n unrelated analogy , UPI would have succeeded even without demonetisation as digital payment eco system was maturing in Asia thanks to OTT provider, inter connectivity and smartphone penetration. Next u might applaud Modiji for 4G rollout in India 😀

@outbackandabout 2 года назад

This is THE BEST video I have seen which explains the payments ecosystem in such simple and comprehensive way. Hats off to you. I paused video to type this comment.

@Mayurkoli1 2 года назад

Very nicely explained. Recently I went out in a different city and saw local female vendors who are making poha as a breakfast for locals & tourists near railway station early in the morning have UPI payment acceptance. She is accepting 15 rupees via UPI which shows how revolutionary this plan is. Hats off to our government.

@JustVibes_JV. 2 года назад

In 2018 I applied for Mastercard to replace my Rupay card. But, they sent me the same Rupay card. Now I know the reason behind😁😁😁

@Gauravkumar-jm4ve 2 года назад

😀

@nischuAnchan 2 года назад

That's why I like Indian democracy ,it doesn't let people from lower income group to be left down 😄

@nabeelshariff6006 2 года назад

Flashback to ppl literally dying bcoz the money they had in their pocket was no use

@therightmedico6223 2 года назад

I hate indian democracy.. I want govt like china so that only work will go on for development of our country without any chutiyapa like dirty politics,frequent election expenses

@vimalprince4467 2 года назад

@@therightmedico6223 you think there are no dirty politics within CCP? Also why would anyone in the right mind would want to live under a authoritarian govt?

@anniejapan2306 2 года назад

ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-4EcJjViMmT4.html🍑

@ProGamer-vr7no 2 года назад

@@therightmedico6223 bro china is controlled by a single party only ..... If no election takes place any party in India will become corrupt and we can't do anything about it coz there is no election.... Already parties are much corrupt imagine giving them uncontrolled power... However govt can schedule election dates in a proper manner like all the state's election will take place at one time only...

@raaghulkrishna1248 2 года назад

In fact, when Visa and MasterCard earn, the fees paid to them is revenue to their respective countries, which means the government is going to lose out on a massive amount of tax income, GDP growth and Forex balances because the fund flow reduces in India. Hence, the 1300 Crores is a massive step taken by the government.

@MuraliKrishnaP 2 года назад

after long time i'm commenting on a video. your explanation and data which you've collected and narration is simply awesome. what could go wrong, explanation also very nice.

@justicedoesntexist1919 2 года назад

This channel is providing knowledge and information we didn't know we need! Thank you for explaining in a manner that even a layman gets it.

@rohitkashyap7476 2 года назад

Social media capitalism.....selling you things you maybe don't need in exchange for your time.....

@waytosuccess18 2 года назад

ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-HiqRpzuhdmch.htmlttps://ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-HiqRpzuhdmc.html🎉

@nva1719 2 года назад

@@rohitkashyap7476 then capitalism rocks. Unlike socialism and commmushitism

@rohitkashyap7476 2 года назад

@@nva1719 Not really, unrestricted greed cannot be good..... That's why we have government regulations.....balance is important ...

@thebharatiyasoul 2 года назад

Ganesh sir your channel has created a great impact on young minds to look into the business and startups Great.. Keep growing. Lot of love from my side 😇😇

@waytosuccess18 2 года назад

ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-HiqRpzuhdmc.html🎉🎉

@anniejapan2306 2 года назад

ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-4EcJjViMmT4.html🍑

@JohnLincolnUSA 2 года назад

You are amazing. Well done young man I am really a fan of your insightful analysis..keep it up

@paperroman8345 2 года назад

This government's make in India push , PLI scheme , push for Indian Defence industry etc have been revolutionary and much needed !

@DhruveelDave 2 года назад

Next video should be: "How Think School is killing the RU-vid game with art of thumbnail making...."

@lalit3262 2 года назад

Yea thumbnail is pretty cool

@letsgroove349 2 года назад

Discovered your channel just 2 .3 weeks ago and since then I m watching almost...2to 4 video a day , the crisp knowledge and insight you provide are just 🙌🙌.More power to you ✨

@veertbh 2 года назад

Such and informational video bhai, you spoke flawlessly, kudos!

@benba8342 2 года назад

In addition the price reduction of no longer needing to mint/print physical currency for that amount of transactions is likely bigger then the amount goverment has set to subsidize the Rupay. Also tax collection should increase. In effect the volume of transactions allowed gov. to launch this service. But I hardly see any case for it to expand outside the borders and maybe Himalaya region.

@venugopal6405 2 года назад

Super schemes.... All these scenarios will change if non - NDA comes to power. Hope they won't come to power, especially UPA.. First SBI has to issue Rupay cards as it is public sector bank

@rgnandanshetty2950 2 года назад

This is one of the few laudable and sensible move by this government which really helped millions to participate in the formal economic system…..great analysis video.

@wisedesi442 2 года назад

There are many but glad you found few.

@Paapi_purush 2 года назад

You're blinded by your hate for modi look around he's really transforming India: *Dfc dedicated freight corridor is almost completed *India's tops in building highest km highway per day *Building airports in major cities *Connecting north east with mainstream India many NE militant organization have put down their arms after onset of bjp *Removal of 370 *Military budget is increased tremendously . Air Force was literally using flying coffin-mig21 before bjp there are two squadrons of rafale in India now . S400s have already arrived *He's vaccinated 97% of entire fūcking 1.4 billion people with single doses. Had upa been in power Indian would have seen. मौत का नंगा नाच *Before 2014 less than 46% had toilets . More than *600 million* yes 60 crore toilets had been made after 2014 *50 millions gas connections were given to rural areas people under प्रधान मंत्री उज्ज्वला योजना *Isro reached new heights under bjp due to enough funds provided bow down to him he's done more for this country that u ever had in your worthless piece of shit called life

@aniketgupta7953 2 года назад

Most informative 15 minutes which I had ever spent on watching videos on youtube....thank you for such a informative video.

@neverpayingtaxes 2 года назад

You are doing something wrong

@neelvipani7417 2 года назад

Post 2014, a golden age started for India ♥️

@jagadeesh_yadav 2 года назад

If everything goes well the next two years will be a game changing for rupay as it'll use a discounted businesses model to get profit and make it a strong player in international

@theinappropriateguy5806 2 года назад

This government is building strong base Hope we will have a great future

@Gauravkumar-jm4ve 2 года назад

Yup if this government stays!!

@moazen6654 2 года назад

If this govt stays for next 10 to 12 years

@dazzjeongling8440 2 года назад

it so nice to see India doing well. it makes me so proud.

@maheshbathija475 2 года назад

The quality of content on your channel is mind blowing! 👏👏

@71rajat 2 года назад

People who say Modi has done nothing are absolutely incorrect. He transformed each sector and made the country powerful.

@zeeee_yt 2 года назад

But even then, a lot of people holding good educational qualification, fail to see these transformations and abuse/bash him on social media platforms 🤷🏽‍♀️

@nolanld 2 года назад

UPI and RuPay is not Modi’s doing 🙄

@prashantkrishnan5856 2 года назад

@@nolanld who pushed it?

@nolanld 2 года назад

@@prashantkrishnan5856 RBI did in 2012

@atharvar 2 года назад

@@nolanld plz clear your knowledge.... Read and search about it. Criticizing is good thing but you should appreciate too.

@MrrajanT 2 года назад

Thank you Think School. We could able to find the real dimensions, behind the Card transactions and money circulation. Besides, the method of data collection from India by American Govt. is also explained well. Wonderful eye opener for all card users especially in India. Appreciated for your clarity as far as your language as well as the subject. 👋👋👋

@nagarajbelgavi2831 2 года назад

Very informative video. I can appreciate how much research had gone to come up with such analysis and sharing facts about the government's wonderfual initiative. RuPay will become a game changer for indian financial system.

@shreyanskothari9096 2 года назад

Very well made video, was hooked to it till the end.

@pavanpadmanabhan1911 2 года назад

One of the best RU-vid channels. The detailed explanation and a new concept everytime is just amazing. Have learnt a lot from your videos. Keep up the awesome work 🔥🔥

@gautamlapsiya 2 года назад

Wooh..what an amazing information overload. I have to see the video twice, pause it, and replay many times to understand the whole situation you just presented Mr. Prasad. God bless you, for all your hard work and spreading the knowledge.

@sriharshac510 2 года назад

I am also proud of this for another reason. Seeing what they (Visa / MasterCard) did to Russia during the ongoing conflict, I am grateful that we have Rupay. Every foreign business should have at-least one Indian provider that can do the same. Hope this will be extended to weapon manufacture as well.

@fazzifaz4449 2 года назад

When my visa debit card was expired, my bank send me a rupay card! And I can’t even use it for Instagram ad transaction! But this video helped me to gain information related to what exactly is happening

@sharanabasavachinchiriki8327 2 года назад

That's why Modi is the best PM for India until now with a strong and intelligent team of ministers ❤😊

@jarp5581 2 года назад

Jai Shree Ram 🔥🇮🇳🔥🚩🔥

@Gauravkumar-jm4ve 2 года назад

Agreed

@danawhite7122 2 года назад

TUE, BUT MANMOHAN SINGH BHI ACHA PM THA IN TERMS OF ECONOMY , TOUGH TO CHOOSE BW THEM

@gopi7218 2 года назад

@@danawhite7122 Manmohan Singh economy miracle is all a bubble caused by high inflation

@mirchi2510 2 года назад

An excellent and a very informative video. Clearly explains how India catapulted itself into this area and leading way for many more countries. UPI and Ru-Pay has truly revolutionized the payment industry in India

@inick56 2 года назад

The Rupay cards are also accepted at ATM terminals of Nepal SBI Bank network. Also as I have read recently, UPI is set to enable cross boundary transaction to Nepal (Google Pay, Paytm, Bharat Pay, etc from India to Bank account of Nepal and Esewa, IME pay, Khalti to Bank account of India).

@kshyamk 2 года назад

Excellent delivery of information and very good narration Bhai...well done

@SiddharthaGhoshSid 2 года назад

Its so refreshing to seee such an unbiased and rational video on RU-vid! Keep it up! I followed your channel and I am super impressed and looking forward to more such great content.

@beroozgar4502 2 года назад

Dear ganesh, your videos are really educational, just to add a bit, please if possible, try to explain some of the business terms that you use in your video, it will be very helpful for viewers like me who are not from business background.

@suddhasattwac 2 года назад

Really like how the CC authorization/funds capture process was explained. :)

@sharan50000 2 года назад

Well done Young Man. Brilliantly explained. Keep it up and best of Luck

@pokemondex4089 2 года назад

After a long time I am seeing positive video about Our COUNTRY without biased with any political parties. Thanks for the info☺

@niteshmohandas4649 2 года назад

Upgrade Ru-pay with block chain and make it open source .. So that digital banks can also use this to outreach more people .. And the credit network must be established and evaluate