ICICI Bank will start charging payment platforms like Google Pay and PhonePe for UPI transactions. Here’s how it may impact ...

Payment aggregators are feeling the pinch as ICICI Bank has now started charging them for processing purchases made using UPI ...

ICICI Bank introduces charges on UPI transactions for payment aggregators, affecting fintech operations and sparking industry ...

ICICI Bank, India’s second-largest private sector lender, will begin levying charges on payment aggregators (PAs) for Unified ...

The private lender has sent letters to payment aggregators such as Google Pay, Phone Pe, Mobikwik and RazorPay, informing ...

From August 1, 2025, ICICI Bank will begin charging transaction fees on UPI payments processed through payment aggregators, ...

ICICI Bank from August 1, 2025, will start charging payment aggregators (PAs) for each Unified Payments Interface (UPI) ...

The development came barely days after the RBI Governor Sanjay Malhotra hinted at a shift in the current zero-charge ...

For payment aggregators without an ICICI Bank escrow account, the charge will be two times higher at 4 bps, with the cost ...

Starting 1 August, ICICI Bank will begin levying charges on payment aggregators (PAs) for facilitating Unified Payments ...

The bank will charge 2 basis points per transaction, capped at ₹6, for PAs that maintain an escrow account with ICICI Bank.

ICICI Bank’s decision to charge payment aggregators for UPI transactions stems from rising costs associated with technology ...