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Payment gateways do not typically pay banks anything. Instead, payment gateways act as intermediaries that facilitate the transfer of payment information between customers, merchants, and banks for processing transactions securely. The primary role of a payment gateway is to collect customer payment details and transmit them to the merchant's acquiring bank for authorization and processing, without involving direct payments to banks
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Free Payments for Us Big Losses for Them The UPI Puzzle UPI has become a daily part of life in India People use it everywhere from paying at a tea stall to buying groceries to transferring money to friends In July 2025 more than 15 billion transacti
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