PhonePe wallet inactive? You will now be fined for not using it

PhonePe is now charging a Rs 100 quarterly fee for inactive wallets. This fee applies if users have not made any financial transactions through the PhonePe Wallet in the past 365 days. The charge supports platform improvements. Users receive multiple notifications before the fee is deducted. A single wallet transaction reactivates the account and avoids the charge.

from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/ywoPa1K
via IFTTT

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