https://www.desidime.com/discussions/reversible-upi-transactions-to-prevent-fraud?page=1#post_9729545
Reversible UPI TRANSACTIONS to prevent FRAUD??
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https://x.com/anshgupta64/status/17297735433686...
There is a proposal to make UPI transactions above 2000 REVERSIBLE within 4 hrs of transaction with Govt and RBI after certain criteria is met.....does this mean reduction is fraud or does it may lead to more frauds....interesting to see what do you think
What would be the implications for Desidime trades and even to platforms like zingoy....love to hear what's your views
Appreciate your views
Thank you in Advance
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https://www.desidime.com/discussions/reversible-upi-transactions-to-prevent-fraud?page=1#post_9730864
I didn't get it actually 
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https://www.desidime.com/discussions/reversible-upi-transactions-to-prevent-fraud?page=1#post_9729558
Only merchant upi or personal as well?
https://www.desidime.com/discussions/reversible-upi-transactions-to-prevent-fraud?page=1#post_9729566
By the way it's described it's both but restricted to first time transactions with certain conditions
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https://www.desidime.com/discussions/reversible-upi-transactions-to-prevent-fraud?page=1#post_9729559
It will lead to more fraud.
It should not be imposed
https://www.desidime.com/discussions/reversible-upi-transactions-to-prevent-fraud?page=1#post_9729712
Twitter for millenials/genz is like WhatsApp for boomers. Full of fake or twisted info.
The way you've highlighted REVERSIBLE, as if it's just a click.
The only right way this will probably be implemented is reversible at bank level by calling them to add friction & the money won't be transferred until then. It will be debited from you & transferred to the person 4 hours later before which you can call the bank to cancel it.
The idea does have loopholes but that'll need to be implemented in a way that safeguards everyone, unlike you make it sound as if it's easy with a click to pay a merchant & then get the money back.
https://www.desidime.com/discussions/reversible-upi-transactions-to-prevent-fraud?page=1#post_9729722
Interesting take but yeah the implementation as usual is acc to indian standards but it's ultimately REVESRSABLE
https://www.desidime.com/discussions/reversible-upi-transactions-to-prevent-fraud?page=1#post_9729754
Without knowing the proposed conditions, on the face of it, it will lead to more frauds.
Whatever type of fmoney / payment fraud, most of the time it is the less technologically people who get defrauded. For example, think of the roadside vendors (many of them use personal QR codes). Even if there may be checks and balances, they might be defrauded.
https://www.desidime.com/discussions/reversible-upi-transactions-to-prevent-fraud?page=1#post_9729874
So people can just pay and buy for something. Then cancel the transaction?! What do you think?
https://www.desidime.com/discussions/reversible-upi-transactions-to-prevent-fraud?page=1#post_9735257
Don't know about reversing but they r adding 4 hour delay for above ₹2000 p2p transaction, and it'll be applicable on all payment mode including neft imps, so nobody can insta transfer from ur account even when u r hacked
https://www.desidime.com/discussions/reversible-upi-transactions-to-prevent-fraud?page=1#post_9735670
Guys please adopt & use CC and/or DC instead of UPI as it offers much more
-> Buyer protection (via chargeback and all that)
-> Customer's PII privacy (no phone sharing and all that)
-> Customer grievance redressal system ( email/ telephone - written/recorded comms & all that)
Not also that correct tax money goes to govt unlike UPI where sellers can do manipulations.
UPI is nothing but cash which means once money left your account then it gone.
https://www.desidime.com/discussions/reversible-upi-transactions-to-prevent-fraud?page=1#post_9739833
Bb
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It will lead to more fraud.
It should not be imposed