Google Pay Credit, introduces facility fee on bill payment through debit card: Report – CNBC TV18

According to a report by The Economic Times (ET), Google Pay has announced a facility fee for electricity, water and gas bill payment made through credit and debit cards.

However, UPI payments made directly through bank accounts remain free.

The report states that Google Pay will charge 0.5% to 1% of the transaction amount, as well as the applicable GST.

This follows a similar step last year when the platform introduced the and 3 feature fee on mobile recharge.

Google Pay, which holds 37% of the UPI transaction in India, is included in the contestants PhonePe and Paytm, which already charge the bill payment.

The report also highlighted the increasing adoption of UPI autope, which has crossed the card transactions for recurring payments.

Google Pay has not yet issued an official statement about new allegations.

According to Managing Partner and Founder, Plutosone, Rohit Mahajan, the payment landscape in India has developed with the introduction of facility fee on some digital transactions.

“We see them positively as digital payments, especially for bills, extending. This change is expected to increase financial inclusion and accelerate rural economic growth in the coming years, even if Its overall economic influence should be limited. Instead of putting additional burden to accessible and cheap, one should remain a top priority, “he said.