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What's the Cheq UPI business model? Standard VC-backed startup one, of get bought or IPO, or stay in biz and make profits. If profits, how?

The goal is to build a sustainable business which helps customers enjoy the lowest cross border forex rates for purchasing in India.

We're trying to stay away from unsustainable economics

1) Cheq charges a 10$ joining fees to everyone who activates their wallet.

2) We'll eventually charge an add money markup for topping up your wallet using an international card

Thanks for the info.