Back

Chamarti Sreekar

Passionate about Pos... • 4m

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 Replies
1
16
Replies (9)

More like this

Recommendations from Medial

Image Description

Kimiko

Startups | AI | info... • 2m

🚀 UPI hits historic highs in January 2025! PhonePe leads with 48.4%, Google Pay follows at 36.9%, and Paytm holds 6.9%. 📊 Over 16.99 billion transactions worth ₹23.48 lakh crore — marking the highest figures recorded in any single month since UPI's

See More
1 Reply
3
25
Image Description

Mridul Das

Introvert! • 4m

Do you know that according to industry estimates, processing UPI transactions costs stakeholders approximately 0.25% of the transaction value. In FY24 alone, these costs amounted to nearly Rs 12,000 crore, with Rs 4,000 crore incurred for transactio

See More
1 Reply
1
6

Shiva Prasad

 • 

Lognormal • 3m

Hi Guys, Did anyone work with Payment Aggregators like JusPay, Decentro etc.. What are their charges for UPI Payments, Credit Card, Debit Card and NetBanking transactions. I am looking for a PaymeyGateway Aggregator for SaaS product where each cl

See More
Reply
1
Image Description

Gyananjaya Behera

Helping an Idea to S... • 1y

UPI Transactions Jump 5% MoM In May To 1,404 Cr Monthly Growth: UPI transactions rose 5% month-on-month in May to 14.04 billion, with transaction volume increasing 4.1% to INR 20.45 lakh crore. Yearly Growth: Year-on-year, transaction count surged

See More
3 Replies
1
6
Image Description
Image Description

Jayant Mundhra

 • 

Dexter Capital Advisors • 2m

Days ago I posted this viral theory on how UPI going down thrice in a week - 26 & 31 March and 2 April - was most likely a staged drama! 🙏🙏 Following a kind update from supergood NPCI folks about how technical failures caused the outages, I decide

See More
3 Replies
3
15
1
Image Description

Chamarti Sreekar

Passionate about Pos... • 4m

SolarSquare’s Losses Surge Despite Revenue Growth in FY24 Rooftop solar provider SolarSquare saw a 63.5% YoY revenue growth in FY24, reaching ₹175 crore. However, its losses jumped 2.3X to ₹69 crore due to rising costs. Revenue from operations grew

See More
1 Reply
1
15
Image Description
Image Description

BigLoot IN

BigLoot.in - Where S... • 8m

Indian Banks Are Shutting Down ATM Machines Because of UPI and Digital Payments 4000 ATM Machines Closed in Last 1 Year Cash Circulation in India is Still At All Time Record High of Over ₹34.70 Lakh Crore India Has Only 15 ATMs For 1 Lakh People

5 Replies
4
Image Description
Image Description

Mr khan

Smart. Sustainable. ... • 5m

UPI Statistics for December 2024: Total Transactions: December 2024 mein, UPI ne over 10 billion transactions process kiye, jo pehle ke months ke comparison mein kaafi zyada tha. Transaction Value: UPI transactions ki total value ₹15 lakh crore (app

See More
7 Replies
2
Image Description
Image Description

Shanu Chhetri

CS student | Tech En... • 11d

Pazy secure 6cr funding pazy is a Bengaluru-based fintech startup offering an integrated business-payments platform for finance teams. Founded in 2023, they just raised ₹6 crore in pre-seed funding led by Inuka Capital and Gemba Capital. The funds w

See More
6 Replies
7
Image Description
Image Description

Vinayak Shivanagutti

🚀7M+ Post Impressio... • 1y

Case Study: PhonePe – India's UPI Leader Founded in 2015, PhonePe dominates India's digital payments landscape. Stats: Users: 350M+ registered Market Share: 40%+ of UPI transactions Business Model: Transactions, financial services, advertising. R

See More
16 Replies
10
47

Download the medial app to read full posts, comements and news.