PhonePe starts charging processing fee on mobile recharges via UPI

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 transaction which is being offered for free by its competitors.

Like other players, PhonePe is also charging processing fees for payments made through credit cards.

“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.