Kumari Palany & Co

Alert! Alert!! Floating news that there would be a charge for using Gpay!! What is fact?

Posted on: 11/Feb/2023 5:18:00 PM
News floats around that there would soon be charges for using Gpay!

It says that Rs. 2.65 will be charged for each transaction!

This news has been circulating in all the social networking media including Facebook, Twitter, Instagram, and WhatsApp! It states that all digital transaction avenues – Google Pay, Phone Pay, Amazon Pay, and PayTM.

Though a lot of people refused to believe it, it is now established that it may be true!

As of now, some banks charge for transactions done through Google Pay or Phone Pa!

These banks call this charge `Portfolio Charges` when there are more than 90 instances of ONLINE transactions.

In other words, after 90 transactions, each additional transaction will entail a charge of Rs. 2.65.

So, please check whether your bank has Portfolio Charges!