ADVERTISEMENTREMOVE AD

Here’s What Paytm Has to Say About Charging Extra for Payments

The popular mobile payments platform was allegedly going to pass on extra charges to its users.

Published
Tech News
2 min read
story-hero-img
i
Aa
Aa
Small
Aa
Medium
Aa
Large
Hindi Female

Digital wallet Paytm on Monday refuted reports that it is going to charge users extra amount for digital transactions on its platform.

"We would like to clarify that Paytm app/payment gateway owned by One97 Communications Limited does not charge or levy any convenience/transaction fee from our customers on using any payment method which includes cards, UPI, net-banking and wallet.

"Paytm customers will continue using all the services available on the platform without any fee," the Noida-headquartered company said in a statement.

ADVERTISEMENTREMOVE AD

The ET report on Sunday said that Paytm is going to allegedly charge 1 percent on payments via credit cards, 0.9 percent for debit cards and up to Rs 12-15 through net banking and UPI-based methods.

Paytm customers can continue using all services available on our platform without any fee (same as before) and it does not have any plans to levy any such fee in the future either.

According to the digital payments company, there have been few merchants like educational institutes or utility service providers who do not absorb credit card charges and expect customers to pay the same.

"In such cases, we recommend our users to pay through their debit cards and UPI to avoid these charges. We would like to reiterate that these charges aren't levied by Paytm in any scenario," said the company, adding that it does not have any plans to levy any such fee in the future.

The mobile payments giant has flourished in the country since the demonetisation of Rs 500 and Rs 1000 was undertaken, leading to shortage of cash in India few years back. And with the Unified Payments Interface (UPI) stealing a march on mobile payments, the company has thrived in altering conditions, and with changing consumer trends.

(With IANS inputs)

(At The Quint, we are answerable only to our audience. Play an active role in shaping our journalism by becoming a member. Because the truth is worth it.)

0

Read Latest News and Breaking News at The Quint, browse for more from tech-and-auto and tech-news

Speaking truth to power requires allies like you.
Become a Member
3 months
12 months
12 months
Check Member Benefits
Read More
×
×