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The Economic Times
The Economic Times
Business

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

Digital payments and financial services company PhonePe has introduced a 'wallet inactivity maintenance fee' of Rs 100 per quarter for inactive wallets.

The levy will be deducated from the existing wallet balance. "If wallet balance is less than the Wallet Maintenance Fee, then the entire wallet balance will be debited and wallet balance will become zero," it said, adding that the balance would never be negative.

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