New Delhi: Google Pay, One of the most popular upi platforms, have reportedly introduced a convenience fee for electricity and gas bill payments. This fee applies to customers who have been enjoying free transactions for low-value bills until now, as per a report by economic time. However, Google Pay has not yet officially confirmed or commented on the new charges.
What Fees is Google Pay Charging?
The fees on Google Pay Vary Between 0.5 per cent to 1 per cent of the transaction amount, Along with any application GST.
What is the processing fee for debit and credit card payments?
As per a report from the economy time, google pay Had introduced a rs 3 convenience fee for mobile recharges about a year ago. The report also mentions that when paying an Electricity bill using a credit card, customers was charged Around Rs 15 as a “Processing fee for debit and credit card transactions,” with gast added on top.
In 2020, The Indian Government Waived The Merchant Discount Rate (MDR) for UPI Transactions Under Rs 2,000 to Encourage digital payments. While the government covers the cost for these transactions, platforms still face Difentialy in Generating Direct Revenue From Users. Despite these challenges, UPI usage is booming, with 16.99 billion transactions worth Rs 23.48 lakh Crore Recorded in January 2025, Showing a 39 per centh compared to the previous compared to the previous.