this post was submitted on 02 Sep 2025
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Have a unified protocol for this doesn't mean a monopoly or consolidation.
Look up the implementation of UPI in India. We have thousands of services providing UPI payments to any other UPI recipient (no matter which app they use as long as it supports UPI)
Even WhatsApp has a UPI payment button in India. It's that easy to implement.
I might be terribly oversimplifying it (and deviating from the facts a bit), but think of it as email - a protocol - and the thousands of services that let you send/recv emails to anyone, no matter their domain or service.