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Google facing anti-trust investigation over mobile payments app in India

Thursday 12 November 2020 12:47 CET | News

India's Competition Commission has launched antitrust investigation against Google, over allegations that it is abusing its dominant market position to promote its own mobile payments app.

The investigation has been prompted by the complaints of an unidentified 'informant', who points out that Google gives prominence to its own mobile payments app during the set up of an Android smartphone and mandates the use of Google Pay to buy apps and make in-app payments on the Google Play App Store, according to mobilepaymentstoday.com.

Google Pay, formerly known as Tez, currently processes approximately 40% of all transactions over India's digital payments network UPI. However, its prominence is already under threat from a new ruling by the National Payments Corporation of India, which in January 2021 is imposing a 30% cap of total volume of transactions processed in UPI by third party app providers, the news source continues to explain.


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Keywords: Google, anti-trust investigation, UPI, online payments, mobile payments, Google Pay, Tez, National Payments Corporation of India, India, Asia, APAC
Categories: Payments & Commerce | Mobile Payments
Countries: India
This article is part of category

Payments & Commerce