PhonePe is one of India’s leading digital payment platforms, with 280 million users. It allows you to send and receive money, recharge mobile, DTH, and data cards, and pay at stores.
It also allows you to buy gold and invest in mutual funds. Moreover, it offers various gift vouchers and promo codes for various apps like Airtel Money, Oxygen wallet, Freecharge and many more.
Get started on PhonePe
PhonePe is a digital payment platform that offers mobile recharges, bill payments, money transfers, and insurance, all through its user-friendly app. Its wide range of services has helped it increase and establish a solid user base.
It also leverages the Unified Payment Interface (UPI), a government-backed payment system enabling instant real-time bank account transactions. Moreover, UPI eliminates the need for a third-party payment service or a card, making it convenient for consumers.
In addition to its mobile app, PhonePe also provides a website and customer support. These channels are crucial for promoting the company’s services and driving adoption.
The PhonePe business offer is a free mobile app that makes it easy for small businesses to accept and track payments. It also includes a built-in QR code scanner and other helpful business tools. It is available on Google Play and the App Store.
Accept UPI payments
If you’re a merchant, PhonePe offers an offer allowing you to accept UPI payments directly from customers. You must download a payment QR sticker and use it to collect digital payments from your customers.
NPCI’s Unified Payments Interface (UPI) allows you to receive instant real-time payments on mobile phones from customers. It is an open-source application programming interface that runs on top of IMPS, which service banks provide.
The latest update lets you pay international merchant outlets in UAE, Singapore, Mauritius, Nepal, and Bhutan using your Indian bank account, similar to an international debit card.
This is a great feature that helps you grow your business abroad. Previously, Indian users had to use foreign currency in cash or a forex card to make payments overseas.
Send money to anyone
Using PhonePe, you can send money to anyone instantly. This is possible as PhonePe is a UPI-based platform.
You can transfer funds to a person’s phone number or through a QR code. The recipient will receive the money directly into their bank account.
You can also use a Credit Card to pay using PhonePe. This can be done by tapping ‘Add New’ under the app’s ‘Payment Instruments’ section.
Once you add your credit card, you’ll receive an OTP on your mobile number. This is to confirm your card’s authenticity.
In addition, PhonePe is a safe and secure app that does not store user information or passwords. Yes, Bank powers it and operates over secure banking networks.
Track your transactions
The app makes it easy to track your transactions and see how much you’ve spent. You can also view your account balance, see the history of your transfers, and set up automatic payments.
PhonePe is an online payment system that allows you to transfer money to and from anyone using a virtual payment address (VPA). You can also link your bank account to your PhonePe wallet.
Before you can send or receive money, you must create a PhonePe account. You must provide your mobile number and a four-digit password to do this.
You can use your existing bank account or link a new one to your PhonePe account. To do this, tap on the Bank/UPI ID section on the Home screen of the PhonePe app and select the bank you want to add.
After you link your bank account, PhonePe will retrieve the bank account details over a secure network. Then, you can use your UPI PIN to complete transactions.