The legislation lays the groundwork for a potential overhaul of India’s zero-merchant-discount-rate regime, under which businesses have not paid fees to accept UPI payments since 2020.
Ask Google Pay uses Gemini to analyze spending and explain financial topics, while a new SBI partnership expands Google’s app-based Flex credit card in India.
Google is rolling out Google Pay direct checkout and a faster biometric authentication system, while bringing Google Wallet digital ID support to select EU member states.
PhonePe and Google Pay command 80% of India’s UPI instant payments network. Rivals are set to meet with regulators to lobby for restrictions.