PhonePe starts charging transaction fees on mobile recharge above Rs. 50

PhonePe is currently testing charging a small fee of up to Rs 2 for mobile recharges above Rs 50. 

PhonePe, the Walmart-owned digital payments company, has started levying transaction fees on certain transactions including UPI. The company had recorded over 165 crores UPI transactions on its platform in September.

The company is the first digital payment app to start charging for UPI-based transactions. This service is being provided free of cost by its competing companies. The digital payment app has begun levying processing fees ranging from Re. 1 to Rs. 2 per transaction for mobile charges above Rs. 50. PhonePe users will be charged Re. 1 for recharges between Rs. 50 and Rs. 100, and Rs. 2 for recharges higher than Rs. 100.