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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

UPI Market Share,December 2024 1- PhonePe - 47.7% 2- Google Pay - 36.7% 3- Paytm - 6.87% 4-Others - 8.73% Phonepe alone have almost 50% market share.

Hi, I am Midhun Sai Pondhuru and I’m excited to share an innovative UPI feature concept: Smart Pockets: A feature to divide a single account’s balance into purpose-driven virtual pockets directly within a UPI app. Key Features: -Create and name Sm

A few days ago, Flipkart introduced its new UPI service, Supermoney. ⏮️The 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

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

UPI on Credit? PhonePe’s Boldest Bet Yet In partnership with HDFC Bank and NPCI, the card is powered by Rupay and allows UPI payments through credit. NPCI had enabled this back in 2022, but PhonePe had to wait almost ten months to get RBI approval.

Why does capturing the market matter more than anything? Let's take UPI as an example. While other UPI apps took time to build an excellent, cutting-edge product, Google Pay and PhonePe started by releasing their MVP first and later improved their

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

Which UPI App is more rewarding for you? For me surprisingly, it's Paytm. I have won ₹259 as cashback from it and that too in a less span of time. It's cashback points are still useless. (1st image) Earlier Gpay used to give me huge cashbacks but n