MUMBAI: India’s anti-trust watchdog has ordered a probe into Google’s payments app over allegations the tech giant is abusing its market dominance.
The ombudsman is also looking into a Google plan – to start from March 2022 – that requires some developers to pay a 30% commission on in-app purchases.The case was filed by an anonymous complainant, the commission said, adding that its investigations unit would submit a report within 60 days. Google Pay uses India’s Unified Payments Interface , which manages payment apps with over 140 Indian banks that are part of the network.
UPI processed nearly 11 billion transactions in 2019, with a monthly rate of US$31 billion in February leading to an annualised payment value of US$373 billion this year, according to S&P Global.