[HN Gopher] Show HN: Cheq UPI - India's first UPI payments app f...
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Show HN: Cheq UPI - India's first UPI payments app for foreigners
Hello HN, My name is Sudhanshu and I'm the Co-founder/CEO of Cheq
UPI (https://www.chequpi.com). We are the first UPI wallet for
foreigners and non-resident Indians travelling to India. Using
Cheq, you can purchase almost any goods/services across India .
Just scan the merchant QR code / choose the pay by UPI id option to
make the purchase. You don't need an Indian bank account to operate
Cheq UPI. Our prepaid wallet can be topped up with any
international debit/credit card. 10mn+ foreigners visiting India
each year, invariably face one of the below problems 1) Indian
merchant not accepting international credit/debit cards 2)
Unavailability of ATMs/money changers at remote locations 3)
Indian merchants not tendering exact loose change The Cheq UPI app
was launched to help all these individuals travel cashfree across
the country. If know someone planning to visit India this year,
please ask them to try us out! A lot of time, hard work and luck
has gone into building Cheq and we hope it'll make travelling to
India more convenient for citizens across the globe. Some quick
pointers to know about the Cheq UPI app: - The Cheq UPI app works
ONLY in India and we must verify your passport in-person before
activating the UPI wallet. - Once activated, you'll be able to
scan & pay with UPI anywhere across India. - Funds can be added to
the Cheq wallet using any international debit/credit card, you
don't need an Indian bank account / aadhaar card. - Apart from the
10$ account opening fees, there are no other costs for using the
product. Funds added can be spent anywhere across India. I'll be
available to answer any questions you may have throughout the day
about Cheq, UPI or Indian fintech in general. Look forward to
seeing you all try Cheq UPI PS: We're continuously improving our
services, so critical and constructive feedback is most welcome.
Author : sudshekhar
Score : 16 points
Date : 2023-09-19 12:02 UTC (10 hours ago)
(HTM) web link (www.chequpi.com)
(TXT) w3m dump (www.chequpi.com)
| shivekkhurana wrote:
| HN is a global forum, and most people probably don't know about
| UPI.
|
| But this is amazing. Do you have a subscription service or do you
| charge a markup on forex deposits ?
|
| Also how did you build a legal structure to allow this ?
|
| Congrats on the launch. Wish you success :)
| wsgolfer wrote:
| This looks like it could be very helpful. One question, how is it
| different than what was announced by the Reserve Bank of India
| earlier this year? [1]
|
| [1] https://m.timesofindia.com/business/india-business/hassle-
| fr...
| rlpb wrote:
| This looks interesting, but there are some questions I still have
| after reading your website. Perhaps you could clarify, please?
| Your website says:
|
| > Verify yourself at any one of our partner branches across India
|
| How do I find out if there's a branch nearby without downloading
| your app and committing to an unknown amount of effort? I
| couldn't find a list of your branches anywhere, but it looks like
| it would be a showstopper if there isn't one available. It's as
| if you're being evasive about how widespread your coverage is.
| Why should I invest my time if it seems likely that you won't
| have a branch where I need it, and therefore I won't be able to
| use your services at all?
|
| For example: do you have a presence in the arrivals areas at
| major airports? If so, which ones?
|
| In fact, it seems that your call to action is to download your
| app. But why would I bother to do that if I know I won't get
| anywhere without visiting a branch to get approval first?
| Assuming you have no choice about in-person documentation checks,
| it would make more sense for you to send prospective customers to
| their nearest branch, have their documents checked and approved
| there, and to provide wifi at every branch so that they can get
| the app up and running quickly - for example with a QR code or
| something generated by your staff when documentation is approved
| and an account created. Being asked to set up the app first, when
| we know we will be blocked on a visit to a branch, seems
| backwards.
|
| Your FAQ says:
|
| > Your passport and Indian VISA are required to open a tourist
| wallet
|
| What about OCI holders? Are your branch staff going to be
| familiar with this case, or will it be a waste of time to show up
| with one?
|
| > You can add funds to your tourist wallet via an instant payment
| gateway.
|
| This is a non-answer. Is this through the app? Through the
| website? Through something else not specified? Are there any
| criteria that must be met? Or do you support adding funds
| immediately via credit card without any further review steps
| apart from the usual payment flow expected when buying anything
| else online? Because that's what I'd like, and this answer makes
| me doubt that this is what you mean.
| abra_cad wrote:
| [flagged]
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(page generated 2023-09-19 23:00 UTC)