Free UPI No Extra? Google Pay Implements Comfort Charges On THESE Transactions | Expertise Information
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New Delhi: Google Pay, probably the most in style UPI platforms, has reportedly launched a comfort price for electrical energy and gasoline invoice funds. This price applies to clients who’ve been having fun with free transactions for low-value payments till now, as per a report by Financial Occasions. Nonetheless, Google Pay has not but formally confirmed or commented on the brand new fees.
What charges is Google Pay charging?
The charges on Google Pay differ between 0.5 per cent to 1 per cent of the transaction quantity, together with any relevant GST.
What’s the processing price for debit and bank card funds?
As per a report from the Financial Occasions, Google Pay had launched a Rs 3 comfort price for cell recharges a few 12 months in the past. The report additionally mentions that when paying an electrical energy invoice utilizing a bank card, clients have been charged round Rs 15 as a “processing price for debit and bank card transactions,” with GST added on prime.
In 2020, the Indian authorities waived the Service provider Low cost Fee (MDR) for UPI transactions below Rs 2,000 to encourage digital funds. Whereas the federal government covers the price for these transactions, platforms nonetheless face issue in producing direct income from customers. Regardless of these challenges, UPI utilization is booming, with 16.99 billion transactions price Rs 23.48 lakh crore recorded in January 2025, exhibiting a 39 per cent development in comparison with the earlier 12 months.