💰 PhonePe, Razorpay Back Selective UPI Charges For Large
Published by OOPSONLINE.IN · Source: The Economic Times · 1 min read · · Updated
What actually happened
PhonePe cofounder and chief executive, Sameer Nigam, and Razorpay cofounder and chief executive, Harshil Mathur, have argued in favour of a sustainable business model that echoes the position of the Payments Council of India (PCI). The industry association has sought to separate free everyday payments from charges on select merchant transactions to ensure commercial viability of the service.
Key points
- PhonePe cofounder and chief executive, Sameer Nigam, and Razorpay cofounder and chief executive, Harshil Mathur, have argued in favour of a sustainable business model that echoes the position of the Payments Council of India (PCI).
- The industry association has sought to separate free everyday payments from charges on select merchant transactions to ensure commercial viability of the service.
Summary based on data provided by The Economic Times. Full article available at the original publisher.
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- #phonepe
- #razorpay