UPI: Anatomy of a Payment Transaction

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HN Points: 97 / 33 comments | Author: prtk25 | HN Discussion: item?id=48873457 | Source: timeseriesofindia.com

Original Article

Several times a day, most of us pay the same way. You hold your phone up to a printed code, check the name that appears, enter the amount, key in a PIN, and a green tick says it is done. On the other side, someone’s phone buzzes to say the money has arrived. Start to finish, two or three seconds.

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