All UPI money transfers on Phonepe will be free for users

India’s leading digital payments platform Phonepe clarified that all 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. The company said that Phonepe does not charge for these transactions, and will not be doing so in the future also. For 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. The digital payment app has over 325 million registered users who can send and receive money, recharge mobile, DTH, data cards, pay at stores, buy gold and make investments via this platform.