PhonePe, a digital payments app owned by Walmart, will now charge a processing fee for each transaction it processes. Therefore, transferring money or charging your phone will no longer be possible without spending a little amount of additional money on each and every transaction. WebMar 31, 2024 · “There is a charge for above Rs 2000 transactions, but the charge is in the hands of merchants. It is not in the hands of the customer, which is very much like credit cards and debit cards used to get charged in the hands of the merchants,” he says.
PhonePe clarifies its stand on processing fee, here
WebApr 3, 2024 · “Any transaction above Rs 2000 and done through UPI using PPI mode only that is using any digital wallets like Paytm, PhonePe, etc will be charged at 1.1 per cent. This will also be applicable while loading the digital wallets using the UPI mode. All bank-to-bank transactions will still remain free of any charges. WebOct 22, 2024 · Enter the characters shown in the image. Walmart group's digital payments firm PhonePe has started charging processing fees in the range of Re 1 to Rs 2 per transaction for mobile recharges done for value above Rs 50, even through UPI. The company is the first digital payments app to have started charging for UPI-based … smart city of rajasthan
PhonePe will now charge a fee for mobile recharges. Here’s how …
WebApr 1, 2024 · The National Payments Corporation of India's (NPCI) latest circular has left a lot of consumers worried about how their transactions will be charged. The circular stated that all UPI transactions made via prepaid instruments will attract an interchange fee of 1.1% for merchant payments above Rs 2,000 from April 1. Podcast WebOct 25, 2024 · It has started charging processing fees in the range of Rs1 to Rs2 per transaction for mobile charges done for above Rs50. The company said it is not charging anything for mobile recharges below Rs50. For … WebOct 23, 2024 · PhonePe has the largest share in terms of UPI transactions among the third … smart city oxford