PhonePe will now charge upto Rs 2 per transaction for mobile recharges

Asia's Tech News Daily

PhonePe will now charge upto Rs 2 per transaction for mobile recharges

Walmart-owned digital payments app PhonePe will now charge processing fees for every transaction. This means that you will no longer be able to transfer money or recharge your phone without shelling out a little extra money for every transaction. The company has said that it would charge fees in the range of Re 1 to Rs 2 per transaction for mobile recharges for value above Rs 50. PhonePe is the first payments’ app to have started charging for UPI-based transactions

“On recharges, we are running a very small-scale experiment where a few users are paying for mobile recharges. Recharges below Rs 50 are not charged, recharges between Rs 50 and Rs 100 are charged Re 1 and above Rs 100 are charged Rs 2. Essentially, as a part of the experiment, a majority of users are either not paying anything or paying Re 1,” a PhonePe spokesperson told PTI.

PhonePe s charging processing fees for UPI-based transactions for value above Rs 50. If you don’t spend upto Rs 50, you will not be charged any amount by the digital app. Like other payments apps, PhonePe will also begin charging processing fees for payments made through credit cards. PhonePe is one of the most popular, widely-used payments app in India along with Paytm and Google Pay. It has recorded over 165-crore UPI transactions on its platform in September, clocking over 40 per cent share among the app segment, the PTI report stated.

“We are not the only player or payment platform charging a fee. Charging a small fee on bill payments is now a standard industry practice and is done by other biller websites and payment platforms also. We charge a processing fee (called a convenience fee on other platforms) on payments with credit cards only,” the spokesperson added.

For the unversed, just like Paytm and Google Pay, PhonePe can be used to transfer money with BHIM UPI, manage multiple bank accounts, check account balance, save beneficiaries across multiple bank accounts like SBI, HDFC, ICICI & 140+ banks. Recharge prepaid mobile numbers like Jio, Vodafone, Idea, Airtel etc, recharge DTH like Tata Sky, Airtel Direct, Sun Direct, Videocon etc, pay various bills and more. You can also buy or renew insurance policies using PhonePe.

Internet Explorer Channel Network
Asia's Tech News Daily
News Related


Dreamwork Makes Celine Work in New Mr Porter Capsule

© Courtesy Luxury’s gloomy little brother wakes up in a post-Covid Land of Nod for new exclusive collection Exclusive. Hey! Gloomy fashion boys have dreams too! Or at least they ... Read more »

UPL fire left Blackburn community with health issues, SAHRC told

© @SAHRCommission/Twitter. Witnesses from UPL Cornubia Fire Civil Society Action Group testifying at the National Investigative Hearing into the July 2021 Unrest. DURBAN – The community of Blackburn Village, in ... Read more »

Stellenbosch University adopts IsiXhosa as its third official language

© Provided by SowetanLive IsiXhosa will be part of teaching and learning at the Stellenbosch University (SU).  This comes after the university’s council approved the proposed new language policy for ... Read more »

Gauteng Health urges young people to get vaccinated

© Provided by 702 Gauteng will reach the peak of the Covid-19 fourth wave in the next two weeks, this is according to the Gauteng command council. The province is ... Read more »

Bedfordview & Nigel businesses say power outages hurting financial recovery

© Sethembiso Zulu/EWN Joburg business owners close up shop as Eskom implements load shedding. JOHANNESBURG – Businesses in Bedfordview and Nigel said that power outages had been a double blow ... Read more »

Female traffic officer in court for religious leader's kidnapping

© Provided by SowetanLive A female traffic police officer, 29, from Daveyton in Ekurhuleni was among the three people who appeared on Thursday at the Benoni magistrate’s court on charges ... Read more »

US steps up disclosure pressure on Chinese companies

The Associated PressFILE – The Wall St. street sign is framed by American flags flying outside the New York Stock Exchange in New York, Jan. 3, 2020. Chinese companies will ... Read more »

Giants' Nate Solder keeps starting role over Matt Peart: ‘The better player right now'

Maybe Nate Solder will be back with the Giants in the final year of his contract in 2022. Maybe he will sign a contract extension. Maybe he is a future ... Read more »

Kamala Harris staffers leave roles with admin as approval drops

Fox News White House correspondent Peter Doocy has the latest on the departure of the Vice President’s staffers Read more »

Omicron in India: Here's how genomic surveillance can help in tackling new COVID-19 variant

© Provided by Firstpost Omicron in India: Here’s how genomic surveillance can help in tackling new COVID-19 variant India has joined a growing list of countries where Omicron has arrived ... Read more »

Disha Patani is a vision in brown bodycon dress. Tiger Shroff reacts

Disha Patani’s new photos received a reaction from Tiger Shroff. Disha Patani is a glamorous diva who often sets social media on fire with her photos and videos. Recently, she ... Read more »

Sara Ali Khan Has One Condition For Marriage! Boys, Are You Listening?

© Provided by Lehren Sara Ali Khan Has One Condition For Marriage! Boys, Are You Listening? Sara Ali Khan is one of the most adorable and talented actresses in Bollywood ... Read more »

BSF Recruitment 2021: Apply for various vacancies at, check details here

© Provided by Zee News New Delhi: The Directorate General Border Security Force (BSF) has issued notification for the recruitment of eligible and interested Indian citizens in various posts. BSF ... Read more »

Solar Eclipse 2021: Know the date, timing and duration of the last Surya Grahan of the year

As the year comes to an end, the world is all set to see the last total solar eclipse of 2021 on December 4. The eclipse is expected to last ... Read more »

BCCI Covers Rahane's Omission From 2nd Test With ‘Fake Injury' & Thinks Fans Are Fools

© Provided by MensXP With everything to play for, the toss for the second Test between India and New Zealand in Mumbai was delayed due to poor ground conditions. Update ... Read more »

From Total Solar Eclipse to comet Leonard's flyby: December is full of celestial events

As Venus, Saturn and Jupiter appear in the night sky, the month of December is full of celestial events one after another. From a Total Solar Eclipse to chances of ... Read more »

Dad's wish to Shreyas: Score at least 75-80

© Provided by The Times of India MUMBAI: To ensure that his father comes to the Wankhede Stadium to watch him bat for the first time in front of his ... Read more »

From The Apprentice house to the Love Island villa: The most expensive houses featured in reality TV shows

Reality TV fans across the UK will be aware of some of the amazing properties that are featured on their favourite shows. From modern open-plan living spaces and countless bedrooms ... Read more »

Octavia Spencer Dishes on Her 'Yellowstone' Obsession (Exclusive)

© Emma McIntyre/WireImage Octavia Spencer is a hardcore superfan. The celebrated actress isn’t shy about expressing her love for the outdoorsy dramaYellowstone. Spencer spoke with ET’s Matt Cohen on Tuesday, ... Read more »

Trevor Noah to return as host for 2022 Grammy Awards

© Chris Pizzello Trevor Noah also hosted the 63rd Grammy Awards in a socially-distanced ceremony in March. AP Trevor Noah is set for a Grammy reprieve in 2022. The South ... Read more »

We tested the best toy advent calendars including Lego and Frozen – here's how they ranked

RACING down the stairs in the morning, opening your advent calendar and discovering what treat lies inside is part of the magic of Christmas for children. But gone are the ... Read more »

Tories hold seat in Old Bexley and Sidcup by-election after death of ex-Cabinet minister but with slashed majority

THE TORIES have HELD their seat in the Old Bexley and Sidcup by-election following the death of an ex-Cabinet minister. Louie French has become the UK's newest MP and took ... Read more »

Lewis Hamilton calls for Saudi Arabia's 'pretty terrifying' LGBT laws to be changed

Lewis Hamilton calls for Saudi Arabia‘s ‘pretty terrifying‘ LGBT laws to be changed – REUTERS Lewis Hamilton has called for Saudi Arabia’s “pretty terrifying” laws on LGBTQ+ and women’s rights ... Read more »

Aiskrim sihat untuk anak-anak, ibu bapa boleh cuba 3 resepi ini

Apabila kita bercakap tentang aiskrim, pastinya ramai kanak-kanak yang terliur dan keriangan, lebih-lebih lagi jika ibu bapa yang membelikan untuk mereka. Namun, ia merupakan salah satu makanan yang tidak sihat ... Read more »

Carta Android di Antutu dikuasai siri Snapdragon 888, Exynos dan Mediatek tidak kelihatan

Setiap bulan, Antutu akan mengeluarkan ranking Android yang berkisarkan skor yang dicatatkan telefon berdasarkan cip pemproses yang menjadi tunjang sesuatu telefon. 6 daripada 10 slot teratas dikuasai telefon yang dilengkapi ... Read more »

Khalil Ramos posts cute birthday greeting for ‘partner in life' Gabbi Garcia

Gabbi Garcia by Khalil Ramos Gabbi Garcia turned 23 years old on Thursday, and her boyfriend Khalil Ramos just posted the cutest birthday greeting. Sharing some gorgeous portraits he took ... Read more »

Jewel Mische to take a break from social media this December

Jewel Mische michigan home With the holidays coming up, Jewel Mische announced she’s taking a break from social media. In what would be her last Instagram post “for a while,” ... Read more »

Hunger stalks jihadist-battered Niger

© Boureima HAMA Empty: Storage huts for millet at a village in Niger’s Ouallam area Few countries in the world struggle with as many burdens as Niger. The arid Sahel ... Read more »

GE Hitachi Nuclear to build small reactor in Canada

TOKYO (Reuters) – GE Hitachi Nuclear Energy, an alliance between General Electric Co and Japan’s Hitachi Ltd will build a small modular nuclear reactor (SMR) with Ontario Power Generation (OPG), ... Read more »

Reliance Industries, Bharti Airtel, Maruti Suzuki India, Tata Power among stocks in focus today

© Provided by The Financial Express Stock to watch out for. (Image: REUTERS) Domestic markets moved higher on Wednesday helped by positive economic data but charts are still showing a ... Read more »

Rangers second power-play unit gets first goal of season

The Rangers’ second power-play unit has just one goal through 21 games this season, scored by defenseman Jacob Trouba in the 4-1 win over the Flyers on Wednesday night. But ... Read more »

Asian shares mostly higher after broad rally on Wall Street

1 / 5Hong Kong Financial MarketsA woman wearing a face mask walks past a bank’s electronic board showing the Hong Kong share index in Hong Kong, Friday, Nov. 3, 2021. ... Read more »

As global costs soar, Japan's 'shrinkflation' gets harder to swallow

© Reuters/Yuya Shino FILE PHOTO: A woman pays money as she buys fruits outside a vegetable store at Ameyoko shopping district in Tokyo By Kantaro Komiya and Daniel Leussink TOKYO ... Read more »

Citigroup applies for China securities license - WSJ

© Reuters/Robert Galbraith FILE PHOTO: People walk beneath a Citibank branch logo in the financial district of San Francisco, California (Reuters) – Citigroup Inc has applied for a securities license ... Read more »

Polis bantuan LDP terima Anugerah Hero Lebuh Raya

© Provided by Sinar Harian SUBANG JAYA – Tindakan pantas dan berani seorang polis bantuan Lebuhraya Damansara Puchong (LDP) menahan penjenayah di Plaza Tol Puchong Selatan LDP pada Disember 2017 ... Read more »

Bilangan peniaga platform Shopee meningkat lebih 2 kali ganda bagi 2021

© Provided by MalaysiaNow Shopee terus menyaksikan lebih ramai rakyat Malaysia mengalihkan, atau memulakan perniagaan mereka dalam talian, memandangkan jumlah peniaga di platform tersebut meningkat lebih dari dua kali ganda ... Read more »

Mithali Raj turns 39 today: All you need to know about the batting maestro's achievements

© Provided by Firstpost Mithali Raj turns 39 today: All you need to know about the batting maestro’s achievements Mithali Raj, Test and ODI captain of Indian women’s cricket team ... Read more »

2nd Test: Iyer's ton, Kohli's return put pressure on Rahane, Pujara

© Provided by The Times of India Shreyas Iyer’s successful debut in Kanpur and Virat Kohli’s subsequent return to the team has only triggered a raging debate over who should ... Read more »

NBA and Viacom18 Announce Multiyear Broadcast and Streaming Partnership in India

© Provided by News18 The National Basketball Association (NBA) and Viacom18 today announced a multiyear partnership to deliver live NBA games and programming to fans in India across television and ... Read more »

1st train under Delhi's free pilgrimage scheme for senior citizens to leave for Ayodhya today

1st train under Delhi’s free pilgrimage scheme for senior citizens to leave for Ayodhya today The first train under the Delhi government’s free pilgrimage scheme for senior citizens will leave ... Read more »
On you will find lots of free English exam practice materials to help you improve your English skills: grammar, listening, reading, writing, ielts, toeic