Paytm Withdraws Levying 2 Percent fee on Recharging Wallet via Credit Card

Posted on:11 Mar 2017 09:42:59
Paytm Withdraws Levying 2 Percent fee on Recharging Wallet via Credit Card
11 March 2017 Current Affairs: Indian payment and commerce company Paytm has withdrawn the 2 percent fee on adding money to mobile wallets using credit cards on March 10, 2017, just two days after imposing the fees.The Alibaba-backed company had introduced the fee on March 8, 2017 after it came to learn that multiple users are using the platform to get free credit by using credit cards to top up their mobile wallets and then transferring the money back to their bank accounts at zero Paytmtransaction cost.The decision to remove the 2 percent fees was taken keeping in mind the convenience of its users. It also announced to bring in new features to prevent misuse of its system in the future.

Monthly Current Affairs

Current Affairs Section

Daily Current Affairs Quiz

Subscribe to Current Affairs

Enter your email to get daily current affairs

Current Affairs 2018 June

20 JUNE
NEWS
19 JUNE
NEWS
18 JUNE
NEWS
17 JUNE
NEWS

Current Affairs 2018 May

31 MAY
NEWS
30 MAY
NEWS
29 MAY
NEWS
28 MAY
NEWS

Current Affairs 2018 April

30 APRIL
NEWS
29 APRIL
NEWS
28 APRIL
NEWS
27 APRIL
NEWS