Paytm does a U-turn, rolls back 2% fee on recharge via credit cards

Company says that it would put in place new mechanisms to prevent misuse of credit cards

Paytm on Thursday rolled back the additional two per cent charge it had levied on its customers the day earlier, saying it would put in place new mechanisms to prevent misuse of credit cards. On Wednesday, the mobile wallet major had it announced it would charge its customers two per cent if they added money to their mobile wallets using a credit card. 

“Keeping the millions of customers and merchants’ interests as utmost priority, the company has decided to remove the two per cent fees and announced that it will be use a series of features and constantly target the