PhonePe
India’s leading digital payment platform PhonePe has clarified its stand on processing fees being charged for UPI money transfer, offline, online payments. PhonePe on Tuesday clarified that all UPI money transfer, offline and online payments (on UPI, wallet, credit and debit cards) on its payments app are free for all users and will continue. The company said that PhonePe does not charge any fees for these transactions and will not do so in future also.
The company said, PhonePe is running a trial for mobile recharge, where a processing fee of Re 1 for recharge of Rs 51-100 and Rs 2 for recharge above Rs 100 from a small group of users. ) is being taken. The company further said that this fee is applicable for users across all payment sources (upi, wallet, credit and debit cards). Not only this, recharge below Rs 50 is completely free.
Up to Rs 50 cashback on prepaid mobile recharge
For bill payments, PhonePe charges fees on credit card payments and this is now an industry standard. The company recently assured cashback of up to Rs 50 on prepaid mobile recharge. The company said that users recharging through the PhonePe app will get assured cashback on completing three prepaid mobile recharges above Rs 51.
PhonePe has over 300 million registered users
PhonePe has more than 325 million registered users. Through this app user can send and receive money, recharge mobile, DTH, data card, make payment at store, make necessary payments, buy gold and invest through this platform. can.
PhonePe is used in 22 million merchant outlets in India
PhonePe entered the finance service in 2017 with the launch of Gold, which offers users a safe and convenient option to buy 24-karat gold securely on its platform. The platform is also accepted at over 22 million merchant outlets across India.
(Input- IANS)
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