Back
Laxit Rana
•
Repute • 10m
PhonePe/Gpay revenue Model :- Someone anonymously asked about revenue model of these two so let's break it down for him and for everyone else who is interested in it and is not aware of. I am assuming you are already familiar with such UPI platforms so won't be explaining them . GPAY/PHONEPE CORE BUSINESS :- Whenever User make a payment from one bank to another charge some percentage of that amount from the bank. * Earlier these companies used to charge from sellers as well for instance you ate momos from shop and paid the 100 rupees bill using GPAY ,now the shopkeeper won't be receiving 100 instead they will receive amount with some deduction like 99,98 or 97 like whatever the percentage of cut is . But boom then came "BHARATPE" it made these costs 0 and acquired huge user base specially of small business owner and eventually other players like PAYTM , PHONEPE also had to follow this model . and since then whenever you pay any shopkeeper he recieves the full amount. FINANCIAL SERVICES :- If you use phonePe you would see they have an option of Insurance, Mutual fund and Loan etc so whenever any user takes a loan using phonepe from loan providing services such as KreditBee ,Phonepe will charge some percentage from Kreditbee as phonepe is acting as intermediator. Third -Party Services :- PhonePe also supports food delivery , electercity bill payments, internet recharge etc, Here as well it is acting as an intermediator . so if you do Airtel recharge using phonepe or order food using it , it will deduct some commission from swiggy or Airtel. * So for a user we do not have to pay anything to anyone , we are just acting as a user base to these companies and these companies are making money as an INTERMEDIATOR to actual service provider.
Replies (38)
More like this
Recommendations from Medial
Anonymous
Hey I am on Medial • 10m
How we can create an app like Phonepe and Gpay that are QR based for payment purpose What are the challenges for merchants in using these apps which can be resolved?- if anybody is using these apps as a merchant pls guide What are the legal require
See More
Account Deleted
Hey I am on Medial • 6m
PhonePe IPO Is Coming! • PhonePe is planning an IPO to raise capital at a valuation of $8-10 billion. • In 2023, PhonePe raised $200 million from Walmart at a pre-money valuation of $12 billion. • PhonePe dominates the UPI payments business with a
See More
Gyananjaya Behera
Helping an Idea to S... • 1y
Volt Money Partners PhonePe To Offer Loans Against MFs - Partnership Announcement: Volt Money has partnered with PhonePe to offer loans against mutual funds through the PhonePe app, with loan sizes ranging from INR 25,000 to INR 5 Cr. - Integration
See More
PonGangaiRaman NKS
Front End Developer • 5m
Hi Everyone, I'm currently working on a fintech app which supports payment gateway like PhonePe, GPay, Paytm. We're not into payment gateway but we need to support Peer-to-Peer(P2P) and Peer-to-Merchant(P2M) transactions in our app. I tried implement
See More
Download the medial app to read full posts, comements and news.