The online payment application of Wal-Mart Group has shocked PhonePe users.PhonePe Charges on Mobile recharge.Along with the wallet .It is learned that the charges recharged through UPI will apply.Among the apps that work on UPI .Phone Pay was the first application to start charging.
If you recharge from Rs.50 to Rs.100, you will be charged one rupee .If the recharge value exceeds Rs.100 .Rs.2 will be charged.PhonePe has clarified that there will be no charges for mobile bills less than Rs.50.Other digital payment apps , including PhonePe, serve users for free.Various services including current bills, recharges and air ticket bookings can be availed for free.
However, this service does not charge any fees directly from the users.
But in the case of mobile recharge, in the case of other payments from telecom companies, they earn revenue in the form of commissions from those companies.For credit card transactions, the respective apps charge a fee based on the transaction value.
In addition to this ,data such as the financial policies and purchasing power of the users of the respective apps will be stored.This data is sold for targeted commercials.
It also generates revenue for the companies that run the respective apps.These are the main sources of income for them so far.Now for the first time phonepe is ready to take charges from users.
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