Paytm, a digital payments app through which monet can be tranferred in just a second, has cancelled speculations that it will be charging additional convenience or transaction fee on its platform. Paytm has said that its customers can continue using all services available on its app free of cost.
According to the statement, Paytm said, "Paytm App/Payment Gateway owned by One97 Communications Ltd. 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."
Earlier reports suggested that the company will charge 1% on payments made through credit cards, 0.9% for debit cards and up to Rs 12-15 for transactions by net banking and the Unified Payments Interface (UPI) it was also mentioned that Paytm has been absorbing these charges and hasn't been charging anything extra for payments made through its platform. But clearing all the rumours Paytm said, "Paytm customers will continue using all the services available on the platform without any fee