sudshekhar

7 ms·

1.
by sudshekhar 2y ago
The term "Conspiracy Theory" itself needs more scrutiny, IMO. The range of arguments which may be called "conspiracy theories" is far and wide. And the truth about many theories only becomes clear after a lot of time. W
2.
by sudshekhar 3y ago
https://www.unionpayintl.com/en/aboutUs/companyProfile/intro... Seems like a funny coincidence Or maybe UPI becomes like the new https. Each country implementing its own versions
3.
by sudshekhar 3y ago
Yes, We'll just have to update your account with the latest passport/OCI proof. Your account balance and history will remain consistent and untouched.
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by sudshekhar 3y ago
More than connections, you need luck and persistance. The process itself is doable. But not easy. These are the steps you'll have to follow if you plan to launch a new UPI app: First, you'll finalize the business plan + team. Seco
5.
by sudshekhar 3y ago
Our app should be available in most countries and locations. Does this link not work for you? https://link-to.app/cheq Can you try searching for Cheq in your app store/playstore and see if the install works from there?
6.
by sudshekhar 3y ago
Once we have ACH/SWIFT running smoothly, we'll start offering even lower rates Adding funds via credit/debit card incurs an hefty merchant commission. And hence, no forex company can't sustainably provide 0 FX rates for
7.
by sudshekhar 3y ago
The 3.5% is basically the international credit card markup, cheq doesn't make any money on this. A flat $30-$50 fee will easily cover for most of these costs though. We can cover the 3.5% markup plus provide doorstep verification servi
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by sudshekhar 3y ago
In our case, it was someone from the RBI
9.
by sudshekhar 3y ago
I agree. In principle, there shouldn't be a concern allowing people to access their own money from anywhere in the world. However the product category itself is very new right now. We'll have to demonstrate strong customer need be
10.
by sudshekhar 3y ago
Once passport/visa expires, we're supposed to disable the account We'll have to verify the new documents and enable the wallet again.
11.
by sudshekhar 3y ago
We're passing on the wholesale rate to our customers. And plan to keep optimising these costs with time and volumes. Also, loading Cheq with INR is not allowed for foreign tourists currently. You can topup with international currency o
12.
by sudshekhar 3y ago
I can understand why 3.5% might sound high. But cross border payments are expensive to facilitate. And this is the best rate we've been able to figure out currently. Btw, In the US, Most ATMs are charging 3-5$ extra each time I withdr
13.
by sudshekhar 3y ago
> And even if that would be OK, where and when? https://transcorpint.com/find-us Multiple branches. We can also arrange for at home verification. > The bullet points suggest that there is no sensible way for a foreign
14.
by sudshekhar 3y ago
You can of course use your credit card / cash to make spends while travelling in India as well. But UPI will feel more convenient. And it works everywhere.
15.
by sudshekhar 3y ago
We support both platforms. Our download redirects to the android playstore by default on desktop. But if you open it on the iphone, it will take you to the app store. https://link-to.app/cheq
16.
by sudshekhar 3y ago
Please drop me a note on sudhanshu[at]cheq[dot]money Happy to chat.
17.
by sudshekhar 3y ago
We did try pushing for an online account opening process. However, it's not allowed under existing India regulations. We plan to scale with doorstep verification services in the meantime.
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by sudshekhar 3y ago
We will try to get permissions to kickstart verification services in US soon. Doing the account opening process online would be best but isn't allowed under existing regulations.
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by sudshekhar 3y ago
We plan to tie up with sim card vendors operating in airports around India. That should hopefully make it more convenient for people to finish their activation. Longer term solution however, will be doorstep verification facilitated by the
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by sudshekhar 3y ago
Thank you for the encouragement. I hope you get to use this app on your next visit. > charge a lot more and make it a lot more convenient. We're trying to introduce doorstep verification services. And establishing good unit economic
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by sudshekhar 3y ago
We're live on both android and ios. You can use this link to view the apps directly. https://link-to.app/cheq And thanks for all the suggestions. We'll improve the website asap.
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by sudshekhar 3y ago
For this month at least, we're running a zero forex sale. You'll be able to purchase INR using your international card at no extra cost apart from the 10$ basically. Standard add money rate will be 3.5% . Whenever we start applyi
23.
by sudshekhar 3y ago
Currently, we're not charging the 3.5% fees to customers. Its in the "plan" and we'll introduce it once the volumes go up enough to require compensations. Maybe in 2-3 months or longer. Hence, the summary says 10$ only.
24.
by sudshekhar 3y ago
We don't have much say in the placement of these centers. Transcorp has been operating from these locations since the last 20 years or so. Cheq is just hopping aboard. We can also arrange for home/hotel verification to tourists.
25.
by sudshekhar 3y ago
> I have given this feedback earlier, too, but the copy sounds Ind-lish at most places. Thank you very much for the suggestion! > It would be best to have a native speaker, such as an American, to review and re-write. Great idea. We&#
26.
by sudshekhar 3y ago
> Otherwise, the inconvenience of a branch visit negates any usefulness. Unfortunately, existing regulations in India mandate a one-time physical verification before we can unlock you for a full-fledged prepaid account without applying a
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by sudshekhar 3y ago
Wise UPI can only be used to send money to third parties. You cannot use them to make everyday purchases. And there's no guarantee by when the recipient will receive money.
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by sudshekhar 3y ago
We have to do the passport verification since we're providing you with a prepaid wallet, which can be used to store funds and make purchases in India. Companies like Wise power Remittances i.e. you can send money to a person in India f
29.
by sudshekhar 3y ago
> Bad typo on homepage (should be sponsor not sponser - also why is this so prominent on your landing page, seems weird). Will get this fixed. Also improve the positioning of it. The idea behind getting sponsors was to keep the customer
30.
by sudshekhar 3y ago
We'll arrange for an agent in Mumbai/Goa. Simply purchase the product, finish your setup and speak with your assigned account representative. They'll get you activated

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