PhonePe starts charging processing fee on UPI transactions for mobile recharges

New Delhi: 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.