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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Anonymous 1
Hey I am on Medialย โขย 2m
Google Pay, PhonePe, and Paytm built their user bases on "free" transactions, and now theyโre slowly adding fees where they can. First bill payments, next will be P2P transfers? This was inevitable.
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M S Shaikh
Hey I am on Medialย โขย 1y
What will be the future of Paytm? Paytm is First Mover But now phonepe has 47.2% share of UPI transactions
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
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
Case Study: PhonePe โ 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
๐ UPI hits historic highs in January 2025!
PhonePe leads with 48.4%, Google Pay follows at 36.9%, and Paytm holds 6.9%. ๐
Over 16.99 billion transactions worth โน23.48 lakh crore โ marking the highest figures recorded in any single month since UPI's
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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Vaibhav Babruwan Shingde
Studentย โขย 1y
As you see in the picture , UPI is skyrocketing since 2016 to 2024 to approx . 8B transactions .
โข companies like Phonepe,Google pay are dominating the market with atleast 80% market share , Paytm market share fall from 13 to 9%.
โข Government will
PhonePe is set to launch its IPO, showcasing impressive revenue growth of 74% year-on-year, reaching INR 5,064 crore in FY24. With a 50% market share in India's UPI transactions, it faces competition from Google Pay and Paytm. While the company's lea
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VCGuy
Believe me, itโs not...ย โขย 10m
A few days ago, Flipkart introduced its new UPI service, Supermoney.
โฎ๏ธThe interesting part: Let's go back a few years -
Dec, 2015: 3 former Flipkart exec's start PhonePe.
Apr, 2016: Flipkart acquires PhonePe for $20 M.
Aug, 2018: Walmart acquires
