UPI is free, so how are crores of rupees coming into the pockets of Google Pay and PhonePe?

How Google Pay and PhonePe make money from UPI

In India’s digital economy, one question is on everyone’s mind: “When UPI transactions are completely free, how do companies like Google Pay and PhonePe earn thousands of crores of rupees?” From roadside tea stalls to large shopping malls, payments everywhere are now completed with a simple QR scan. By 2025, India’s digital payments landscape has … Read more