ICICI Bank to charge Google Pay, Phone Pe & other payment aggregators for UPI transactions: What it means for users

ICICI Bank to charge Google Pay, Phone Pe & other payment aggregators for UPI transactions: What it means for users

The private lender has sent letters to payment aggregators such as Google Pay, Phone Pe, Mobikwik and RazorPay, informing them of its decision to levy a fee for UPI services, say media reports.

ICICI imposes charges on UPI transactions, what will be the impact on Google Pay-PhonePe users?

New Delhi- Till now, most of the big banks in the country have not imposed any charges on UPI. But now a large private sector bank ICICI has taken a step in this direction. From August 1, 2025, the country’s large private sector bank ICICI has taken a big decision that can affect crores of people using digital payments. Now the bank will charge fees for UPI transactions from payment aggregators like Google Pay, PhonePe, Mobikwik, Razorpay. Altho…

ICICI Bank imposed charges on UPI transactions, what will be the impact on Google Pay-PhonePe users? - Business League

ICICI Bank: From August 1, ICICI Bank will charge fees on every transaction from apps like Google Pay, PhonePe that process UPI payments. This can bring a new turn in the world of digital payments. ICICI Bank: Till now, most of the big banks in the country have not imposed any charge on UPI. But now a big private sector bank ICICI has taken a step in this direction. From August 1, 2025, the country’s big private sector bank ICICI has taken a big…