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Why UPI will always be free for Users :- In my last post where I decoded revenue model of UPI payment platforms like PhonePe and GPay, many of you expressed concern that "soon they will charge money per transaction" However that is not the case. Le

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Anonymous

Anonymous 5

Hey I am on Medialย โ€ขย 6m

Imagine Paytm or GPay starts charging for transactions. Everyone would just move to the next free app. The ease of switching means these platforms will keep it free, no matter how tempting charging might seem

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Anonymous

I can verify this. My father has a shop, and almost 80% of the payment transactions are done online. Here's apps breakdown. 1. Phonepe : 70% 2. Gpay : 15% 3. Paytm : 7% 4. Others : Bhim etc. But to my father it's frustrating and he's not liking it

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Finished implementing phonePe in my company and to my surprise total merchant traffic of phonepe was more than of Paytm, Amazon Pay, flipkart seller and Bharatpe all combined. we may be using Gpay or Paytm for day to day transactions but it's PhonePe

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Why UPI will always be free for Users :- In my last post where I decoded revenue model of UPI payment platforms like PhonePe and GPay, many of you expressed concern that "soon they will charge money per transaction" However that is not the case. Le

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Google Pay now charges 0.5% to 1% (plus GST) for bill payments made via credit and debit cards, while UPI bank transfers remain free. Competitors like PhonePe and Paytm also charge similar fees. Fintech firms face high UPI processing costs, totaling

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