UPI Money Transfer: Big News! All UPI money transfer, offline and online payments are free on PhonePe, know details

UPI Money Transfer: India’s leading digital payments platform PhonePe on Tuesday clarified that all UPI money transfers, offline and online payments (on UPI, wallet, credit and debit cards) on its payments app are free for all users and they will continue Will stay The company said that PhonePe does not charge any fees for these transactions, and will not do so in future.

The company said, “FonePe is running an experiment for mobile recharge, where a small segment of users is charged a processing fee of Re 1 for recharge of Rs 51-100 and Rs 2 for recharge above Rs 100. Used to be.”

• The company further said that this charge is applicable for users across all payment modes (upi, wallet, credit and debit cards). Not only this, recharge below Rs 50 is completely free.
• For bill payments, PhonePe charges credit card payments and this is now an industry norm.
• 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 325 million registered users. Through this app users can send and receive money, recharge mobile, DTH, data card, pay at the store, make utility payments, buy gold and invest through this platform. can.
• PhonePe entered financial services 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.

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