UPI ecosystem needs to be sustainable to grow further: Google Pay

Hints at the need to make transactions on the platform chargeable

Google Pay, the second largest payments platform, believes that overtime the Unified Payments Interface (UPI) has to be a sustainable ecosystem to grow further.

“Ultimately in some form UPI has to be a sustainable ecosystem. If UPI creates economic opportunity and adds value then it makes sense to have participants who are making it possible to create a sustainable business out of it,” said Sharath Bulusu, director, product management, Google Pay, when asked if UPI transactions should be charged. He was talking at the sidelines of Google’s flagship event Google for India.

Bulusu further added that as the ecosystem grows