Same as the internet, there are chances that your app is either not updated or having some trouble at the back end. If there is any problem, you won't be able to make your payment. Verify if all your connected cards are up to date and whether they are verified or not. The payment always goes through your bank account connected via your credit or debit card. Google Pay is just a medium to pay your bills and the rest of the transactions. Here you will find your Mobile number, check if it's correct or not and update it accordingly. Then select the Personal Information in Settings.
Just open your Google Pay app and click on the profile picture. On the chance that your number is incorrect or outdated, then updating the number is quite simple. Do ensure that you have entered your correct number. The ministry's statement followed an RBI discussion paper suggesting that UPI charges could be similar to those imposed on Immediate Payment Service (IMPS) fund transfers.Your phone number is the primary medium through which Google can verify your identity. In August last year, the Finance Ministry stated that UPI was a digital public good and not considering levying charges on transactions made through it. However, the NPCI believes the long-term benefits of promoting higher-value UPI transactions will outweigh short-term costs. If the RBI approves the recommendation, PPI providers and merchants may need to adjust their fee structures to accommodate the interchange fee, and merchants could face higher costs for accepting UPI payments. Government Reneges on Its Promise to Keep UPI Free For transactions over Rs 2,000, PPI issuers will pay the remitter bank 15 basis points as a wallet-loading service charge.
Mutual fund, government, insurance, and railways will attract a 1% fee.įortunately, peer-to-peer (P2P) and peer-to-peer-merchant (P2PM) transactions will not be subject to the interchange fee. Meanwhile, supermarkets will have to contend with a 0.9% fee. Fuel will have a 0.5% fee, whereas services related to telecom, utilities/post office, education, and agriculture will attract a 0.7% fee.
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