- Nov 16, 2011
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They do not charge any commission and do not have any ads. How they make money ?
How does UPI apps like Google pay make money ?
- Thread starter awesomewebsites
- Start date
- Nov 9, 2020
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- 2,677
Google Pay can be used not only for Money Transfer but for a lot of other things like Recharges,Bill Payments etc so they might get Commision from these Recharges and Bill Payments that e make through their app.
HoNeYBiRD
Elite Member
- May 1, 2009
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"1. Mobile Recharges
Google Pay makes mobile recharges as the primary source of its revenue. Whenever a user makes a recharge on a SIM operator from this app, it gets commissions from it.
2. Bill Payments
One of the most convenient and essential features of Google Pay, which makes it so popular among the users, is that it can be used to pay all the different kinds of bills.
These bills include electricity bills, water bills, DTH recharges, postpaid bills, loan payments, and even various bank transactions.
Whenever a user uses Google Pay to pay any such kind of bill or make a transaction of this sort, the app gets a commission from that company.
3. UPI Transactions
UPI Transactions constitute a significant component of online payments. Google might not earn any revenue from it.
Still, it gains access to user’s data, which it then uses to present the services and suggestions on products that will perfectly capture their interest and thus increase their involvement with the app, growing its base further."
Google Pay makes mobile recharges as the primary source of its revenue. Whenever a user makes a recharge on a SIM operator from this app, it gets commissions from it.
2. Bill Payments
One of the most convenient and essential features of Google Pay, which makes it so popular among the users, is that it can be used to pay all the different kinds of bills.
These bills include electricity bills, water bills, DTH recharges, postpaid bills, loan payments, and even various bank transactions.
Whenever a user uses Google Pay to pay any such kind of bill or make a transaction of this sort, the app gets a commission from that company.
3. UPI Transactions
UPI Transactions constitute a significant component of online payments. Google might not earn any revenue from it.
Still, it gains access to user’s data, which it then uses to present the services and suggestions on products that will perfectly capture their interest and thus increase their involvement with the app, growing its base further."
- Nov 16, 2011
- 19,826
- 11,288
I do not think banks pay them in my country.
Not banks bro. For example when you shop on a clothing store and pays the bill through UPI, then the clothing store will need to pay the transactional charge at no extra cost to you.
