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Chamarti Sreekar

Passionate about Pos... • 3m

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 ₹12,000 crore annually, prompting new revenue models. UPI transactions surged to 16.99 billion worth ₹23.48 lakh crore in January 2025, marking a 39% YoY increase. The Indian government waives MDR for UPI payments under ₹2,000, but platforms still struggle with revenue generation

9 replies16 likes

Replies (9)

Havish Gupta

Figuring Out • 3m

Trying to get profitable, nice.

1 replies

Rohan Saha

Founder - Burn Inves... • 3m

official website se bhar do jake bill yar...

0 replies1 like

Anonymous 3

Hey I am on Medial • 3m

The government waived MDR fees for transactions under ₹2,000, meaning small payments are free. But if you pay big bills, you get charged now. So basically, middle-class and high-income users bear the cost?

0 replies

Anonymous 2

Hey I am on Medial • 3m

Do people really think UPI services can be free forever? Google Pay and PhonePe have been covering UPI processing costs from their own pockets, and the ₹12,000 crore burn annually isn't sustainable. They HAVE to start making money somehow.

0 replies

Anonymous 1

Hey I am on Medial • 3m

Google Pay, PhonePe, and Paytm built their user bases on "free" transactions, and now they’re slowly adding fees where they can. First bill payments, next will be P2P transfers? This was inevitable.

0 replies

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