Payments and Investments
summary
Payments let investments flow without banks: cheques are now free and truncated so they clear cheaply, while UPI recurring mandate replaces ACH headaches and lets customers approve monthly pulls on their phone. Liquid funds act like shadow short‑term banks with liquid funds ~7–8% returns and ~0.5% fees, offer instant redemption in five minutes and debit cards tied to mutual funds; examples include IDFC’s UPI flow and Reliance’s card. Claim: this can cut banking intermediation and even “save 80% tax” in some structures.
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chapters (12)
- 0:00Introduction
- 0:22Past payments
- 2:37Investments
- 6:58UPI
- 8:42Inflow
- 9:47Counterparty risk
- 12:52Onetime mandates
- 13:31Credit cards
- 14:34Ditching a bank
- 15:37Saving 80 tax
- 18:09How liquid funds work
- 19:11Questions
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