Now pay two per cent fee for recharging your Paytm wallet via credit cards

Move comes to tap merchants who exploited the loophole to gain credit points

Ever since demonetisation, people have been looking for ways to bypass the digital transaction fee they have to pay. 

Targeting the small merchants, Paytm had, in November, introduced zero per cent platform fee, to encourage them to accept payments through their wallet during demonetisation. However, merchants used this facility to add money to the wallet and transfer it back to their linked accounts without paying any transaction fee. This was costing Paytm a hefty amount. Also, adding money to the Paytm wallet though credit card gives credit points that can be used to buy goods. People used this loophole and earned