The Weakest Divine

[The Weakest Divine @blackgarrix07]

This is why lewis Hamilton is the fckin goat 🐐 #f1

[The Weakest Divine @blackgarrix07]

@dxbestani Broda not even in lap 1 but fckin formation lap😭😭

[CBG San @OnlyNakedTruth]

Since the man is asking a genuine question. Let me explain as many other folks might be wondering why are we celebrating start of chip packaging and testing in India. #semiconductors

PS: I’m an architect in semiconductor industry for over 2 decades 1/n

[Malay Krishna @Malay4Product]

Running UPI costs the industry an estimated ₹20,700 crore a year. The government puts in ₹2,000 crore.

Here is the math, in plain terms.

A UPI payment feels like nothing happens. You scan, you type a PIN, a green tick appears.

But behind that at least five parties work.

Your bank checked your balance and debited you. The shop's bank credited them. NPCI ran the switch that connected the two.

The app you used, whether that is PhonePe or GPay or Paytm, built and maintained the interface. And somebody ran fraud monitoring on that transaction in real time, plus a call centre for when it fails and your money is stuck.

All of that costs money. Servers, engineers, compliance, customer support.

A parliamentary committee report cited an industry estimate that processing one merchant transaction with an average value of around ₹800 costs about ₹2.

Now multiply.

August 2026 saw 24.51 billion UPI transactions. That is 791 million payments every single day. The committee noted that the current government incentive covers roughly 11 percent of what the industry says it costs.

So who is paying the other 89 percent today? Banks and payment apps, out of their own pocket.

PhonePe has said publicly that even the ₹3,900 crore it received in FY24 did not cover its operating costs. RBI Governor Sanjay Malhotra put it plainly earlier this year. He never said UPI can stay free forever.

He said there are costs and somebody has to pay them.

Look at how the government has handled this. Merchant fees on UPI were set to zero in January 2020. Before that, the cap was 0.30 percent.

Since 2021 the government has run an incentive scheme that reimburses banks at about 0.15 percent for small merchant payments under ₹2,000.

The amounts have swung wildly. ₹2,000 crore in FY24. Slashed to ₹437 crore in FY25. Budgeted at ₹437 crore for FY26 and then revised up to ₹2,196 crore mid-year as volumes exploded. Back to ₹2,000 crore for FY27.

The government trying very hard to keep something free while the bill grows faster than the budget line.

Now, one thing we need to understand is that nobody is proposing to charge us for our ₹40 chai.

The industry proposal on the table is 0.3 percent on merchant payments above ₹2,000, and only for merchants with annual turnover above ₹20 lakh.

Person to person transfers stay free. Small merchants stay free. Small transactions stay free.

For scale, on a ₹5,000 payment, 0.3 percent is ₹15. Paid by the shop, not by you.

Compare that with what merchants already pay on everything else.

Credit cards cost them around 2 percent. Debit cards can go up to 0.90 percent under RBI rules. A shop that happily pays 2 percent on a credit card swipe is being asked to consider 0.3 percent on a large UPI payment.

Brazil already does this. Its instant payment system, Pix, is free for individuals and charges larger merchants.

But why has the government resisted so hard on this so far?

See, the moment a merchant starts paying a fee, some of them will say cash only. But cash is not free either, it just hides its costs.

Notes have to be printed, transported in armoured vans, guarded, counted, and replaced when they wear out. Banks run vaults and ATMs. Shops lose money to fake notes and handling.

And there is a second, bigger reason, which Ashok Lahiri Ji himself made at the same event.

Every UPI transaction leaves a record. A kirana store with two years of UPI history is suddenly a business a bank can actually assess and lend to.

That shop owner has never had a balance sheet in his life, but he now has proof of daily revenue.

That is the single biggest prize in Indian finance right now. Bringing crores of small businesses into formal credit. It only works if the payments stay digital.

Yes, there is also a serious argument on the other side.

Some economists point out that keeping UPI free costs roughly ₹2,000 to ₹2,500 crore a year to serve about 49 crore users and 6.5 crore merchants, and that this is extraordinarily cheap for what it delivers in tax compliance, transparency and inclusion.

By that reading, the government should simply fund it properly instead of introducing fees.

My read is that the shape is already fairly clear.

Free for people. Free for small shops. A small fee on large merchants for large payments, which they already pay on every other payment method.

[The Weakest Divine @blackgarrix07]

@GiganOTP @IndianTechGuide We are not it seems we are making our own

[The Weakest Divine @blackgarrix07]

@effonecasualfan @F1_driven Should have listened to niko aswell

[The Weakest Divine @blackgarrix07]

@thetaylor82 @F1_Jordan It was not in my bingo list but damn the way nico is defending lewis
And damn how biased those commentators are mate

[The Weakest Divine @blackgarrix07]

@JMLH44 @Danelerc Well fck

[The Weakest Divine @blackgarrix07]

@fiagirly Karma is a bitch

[The Weakest Divine @blackgarrix07]

Pierre gaaaaaassssssslyyyyyyyyyyy
#monza #f1 #pole

[The Weakest Divine @blackgarrix07]

Happy independence day
To the eternal civilization
#independenceday

[kalki @kalkiverxe]

Republic will here to stay 🇮🇳 𖤓

[The Weakest Divine @blackgarrix07]

@AgniVesa_07 Since I have twitter for political stuff and don't want to see negativity everywhere 😑since insta is where I chill out with refreshing content

[The Weakest Divine @blackgarrix07]

@AgniVesa_07 I have my insta disabled my alt account where I have mainly get productive videos and mostly content from West and to watch baddies 💅💅. There from yesterday I kept getting emotional cjp video's even though I kept pressing not interested as I don't like political stuff on insta

[The Weakest Divine @blackgarrix07]

@vanshaj_kerni @SKumararchives Le bhai google

[The Weakest Divine @blackgarrix07]

@SKumararchives @sushant29xii Isn't this old stuff like i remember reading about it in twitter couple months ago when the ladakh thing happened

[The Weakest Divine @blackgarrix07]

@rayoniumx Brown sepoy on duty saaaar

[The Weakest Divine @blackgarrix07]

@vAkki87 @mellowpropanex One thing they suck at in informational warfare

[The Weakest Divine @blackgarrix07]

Reverse jinxxx

[The Weakest Divine @blackgarrix07]

Charles Leclerc isn't a championship material. What kind of loser mentality is this just how long are you going to be happy about a podium a P2????
I always thought when Lewis retires he will be my number 1 driver but this isn't the kind of driver i root for
#f1 #britishgp

[The Weakest Divine @blackgarrix07]

@fiagirly If we didn't pit they'd have ended it early