Do you hate it when a #upi payment gets stuck? Money is gone but merchant didn't get it?
Here's a little bet for you:
1) Pay me 50 rs today
2) Try out our app for the next 3 months #joincheq
3) Earn 100 rs instant cashback each time your payment isn't completed within 1 min.
I am late to this party but wohooooooo πππ
UPI e-vouchers will change the world of Direct Benefit Transfers (and gift cards) forever.
Read π to understand how (1/10) :
#upi#payments#fintech#DigitalPayments
Took stock of the progress of the National Digital Health Mission, a futuristic endeavour that will ensure a range of top quality health services to our citizens and give a boost to βEase of Living.' pib.gov.in/PressReleseDetβ¦
Happy to see @cheqit_ represented at #G20 Blr by our partner @transcorpint@NandanNilekani, Finance ministers of Saudi Arabia and Mexico, plus various bureaucrats cheqed us out todayππ
Scroll right to watch Cheq in action across different cities of India π
#UPIGoesGlobal
A very very proud moment for all of us @cheqit_
πππ
PM @narendramodi encouraging foreigners to try out #UPI in India.
Team @cheqit_ is one of the first fintechs to open up the power of #UPI for rest of the world.
Onwards & Upwards π
About to close an angel round after 3 weeks of heavy-duty pitching. Garnered sufficient resources, now onto step 2 πͺ
Some notes on the experience (as an early stage founder) π:
Its been less than 3 months, and SFO has my heart already β₯οΈ
No other city has produced better technologists and entrepreneurs.
And a summer @ycombinator has given me plenty of reasons to understand the why
#grateful
.@cheqit_ (YC S23) is India's 1st UPI payments wallet for Non-Resident Indians (NRIs) and foreign citizens. Using Cheq, travelers can enjoy cashless payments at more than 55M merchants across India.
ycombinator.com/launches/JDX-cβ¦
Congrats on the launch, @sudshekhar02 & @mani__shukla!
(9/10) For the crypto enthusiasts: E-voucher (if allowed to) can enable ERC-20 like tokens on India's TradFi stack.
Startups/orgs can create their own vouchers, allow consumers to buy/sell from the UPI app of choice. Redemption could happen on self/partner merchants.
Six months ago, I published the first tweet thread on @cheqit_x.com/sudshekhar02/sβ¦
However, a lot has changed since then.
Curious to know how we've evolved? Read on π
#fintech#UPI
(6/10) Let the citizen choose who sells him groceries, fertilizers, fuel, medicine, etc. Just assist him where needed.
Targetted Direct benefit transfers have also been shown to reduce corruption and increase societal progress
Kindly don't make up your mind by listening to only one side of the debate.
A thread on why RBI's recent change has put Indian fintech back by 5 years π
#fintech#bnpl
Lots of heartburn in Indian fintech & startup circles over RBI's latest circular on PPI wallet restrictions!
This thread points to the rationale behind the regulator's actions. Fintechs are pushing the envelope thru such dark pattern digital lending workflows & disguised CTAsπ