If you also use PhonePe Wallet for normal transactions then this is bad news for you. Actually, now it has become expensive to use PhonePe by adding money to the wallet with a credit card.
New Delhi. You use PhonePe Wallet to buy goods from grocery stores, pay water and electricity bills, book gas cylinders, recharge mobile and DTH or order online. Many users do small and big transactions indiscriminately by loading money from credit card into PhonePe wallet. Now there is bad news for PhonePe Wallet users. Actually, now using PhonePe has become expensive.
Feeling more than 2 per cent of the additional charge, according to the information went on Fonpe app, so if a user Fonpe Wallet 100 Add Rs credit card will give him extra charge of 2.06 per cent (including GST). Similarly, if he adds Rs 200 through credit card, then he is incurring an extra charge of 4.13 percent (including GST). 300, then he is being charged an extra charge of 6.19 percent (including GST).
This rule has come into force recently. However, there is no charge for adding money to the PhonePe wallet through UPI and debit cards.
You will be able to buy products of all insurance companies on PhonePe Recently, PhonePe said that it has got in-principle approval from Irdai (IRDA) to sell life insurance and general insurance products. The company had said that with this, it can now provide insurance related advice to more than 300 million of its users. Irdai has given insurance broking license to PhonePe. Now PhonePe can sell insurance products of all insurance companies in India.