{"canonical_url":"https://agenticpayments.dev/cuts/cut-0102","claims":[],"content_hash":"sha256:3e3781a908bcaeed717b1106443583c0f5c7ee0f4ad6e98d9ae9eeeec70eb6d4","entities":{},"gist":"Before UPI, sending money to a friend in India meant wallets — Paytm, MobiKwik, FreeCharge — prepaid balances behind separate KYC walls. At Mypoolin we were building Asia's first social payments app, Venmo-shaped, and the only P2P infrastructure available was whatever APIs we could talk the incumbent wallets into exposing. We spent two years scaling on top of that, friction included: users had to load money into a wallet before they could send any of it.","id":"cut-0102","license":"CC-BY-4.0","provenance":"first-hand","relations":[{"target":"cut-0101","type":"related"},{"target":"cut-0216","type":"related"}],"sig":"ed25519:MivlAdH22dJ2e6VX8c4OmFtX4yYwvBkuthkWvTsH97tddCksfa8slVLAUHuwdLPPuSDSZgiS/naGTJarjqzoBQ==","stale_after":null,"suggested_citation":"agenticpayments.dev, \"Early to UPI, still shaped like a wallet\" (cut-0102), July 2026, https://agenticpayments.dev/cuts/cut-0102","superseded_by":null,"valid_as_of":"2026-07-06","version":1}