The platform is also accepted at over 22 million merchant outlets across India. PhonePe forayed into financial services in 2017 with the launch of Gold providing users with a safe and convenient option to buy 24-karat gold securely on its platform. Users can send and receive money, recharge mobile, DTH, data cards, pay at stores, make utility payments, buy gold and make investments via this platform. PhonePe has over 325 million registered users. The company said that users recharging via the PhonePe app will win assured cashback on completion of three prepaid mobile recharges, above Rs 51. The company recently announced assured cashback up to Rs 50 on prepaid mobile recharges. A Recharges below Rs 50 are totally free,” it added.įor bill payments, PhonePe charges a fee on payments by credit cards and this is now an industry norm and is common for many payment apps and biller platforms. “This charge is applicable for users across all payment instruments (across UPI, wallet, credit and debit cards).
“For mobile recharges, PhonePe is running an experiment where a small section of users are being charged a processing fee of Rs 1 for recharges of Rs 51-100 and Rs 2 for recharges above Rs 100,” the company said. Also Read - How to add a bank account to PhonePe: Check step-by-step guideĪlso Read - Now you will have to pay a processing fee for mobile recharges on PhonePe The company said that PhonePe does not charge for these transactions, and will not be doing so in the future also. Also Read - Facial recognition payments just around the corner, but is it a safe mode for transactions One of the most popular digital payment apps of India, PhonePe, has announced that all its UPI money transfers whether they are online or offline (across UPI, wallet, credit and debit cards) on the app will be free and “will continue to be free” for all users in the future.
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