Indian industry snubbed Google Play’s decision to cut by half its commission for developers when they make $1 million in annual revenue for in-app purchases, saying the US tech giant may continue its "abrasive & monopolistic abuse" as it owns the Android system.
Google Play said Tuesday that beginning July 1 it would slash its 30 per cent billing fee to 15 per cent for developers globally when they make the first $1 million of their annual revenue.
"When we are forced to use a payment system that charges 15 % to 30% per payment, it can’t be acceptable by anyone! The digital India dream must not be ransom to such monopolies," said Paytm founder and CEO Vijay Shekhar Sharma on Twitter.