Paytm scraps decision to levy 2% fee on recharge via credit cards from customers

New Delhi, Mar 10 (KNN) Making a quick u-turn within 24 hours, digital wallet player Paytm scrapped its decision to levy of 2% fee on recharge via credit cards from customers.

In a blog post, Paytm said, “We are suspending 2% charge on credit cards for adding money to wallet keeping users’ convenience in mind."

"We are conscious that this move caused inconvenience to a large segment of our users, including those who are using their credit card for genuine transactions," it added.

On Thursday, Paytm had levied a 2% fee for adding money to Paytm wallet using credit cards.

The wallet said that it would introduce new measures to prevent misuse. "We will introduce new features to prevent credit card misuse in add money," the Paytm blog post said.

Post demonetization, Paytm and other digital payment apps and wallets have become widely popular.