Paytm took a U-turn and withdrew the decision to increase the transaction. Now you will not be charged 2% by users putting money in the Wallet card from credit card i.e. you will continue to add money to the wallet without charge as before. In the statement released by the company, the decision of 2% levy on credit card has been withdrawn, keeping in view the convenience of customers.
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It is to be mentioned that on Thursday, Petty announced the charge of 2% from the credit card users who had put money in the wallet. Paytm had said that the credit card will transfer the money in the wallet with the same amount, the amount will be filled. Apart from this, the company will not charge even on transfer of money through Net-Banking and Debit Card.
Patym said that according to the information many people put money in their mobile wallet through a card card through Paytm and take a loan for free and then later put this money into their account. On Thursday, after the announcement of Paytm, Rival Mobikwik had said that he would not charge any money from the credit card to the wallet.