Founded around August 2015 at Bangalore, India, this financial transaction company comes under our review.
Primarily operating in India alone, PhonePe is a platform formed by Sameer Morgan and Rahul Chari with an aim to be the safest transactions system online. This platform has certainly suffered ups and down alone the graph of progression.
First they suffered a ban from the ICICI bank in January 2017, and by February, it was resolved. They were also blocked by Airtel India. But still, PhonePa is growing it media presence.
Features of PhonePe App
The PhonePe app allows you to do quite some wonderful stuffs:
– With the PhonePe all, you can send and request money from your contacts anytime, anywhere.
– It also allows you to recharge prepaid Mobile for most major operators/Datacard/DTH connections across the country.
– Pay for postpaid Landline, Datacard and Mobile Bills for all major operators.
– Pay for utilities such as electricity and gas bills.
– Check your account balance, save beneficiaries and manage multiple bank accounts.
– Get refunds and cashbacks to your bank account in an instant click.
– Split bills with your friends and settle them right away.
– With the PhonePe app, you can shop on Flipkart, Myntra, Jabong, and other online shopping websites.
PhonePe Supported Languages
With quite a meaningful number of supported languages, PhonePe still proves it’s a safe transaction system.
The languages includes: English, Hindi, Tamil, Bengali, Telugu, Kannada, Malyalam, Assamese, Gujarati, and Marathi are now live. More languages coming soon!
How does PhonePe Work To Ensure a Safe Transaction System
PhonePe app works over the Unified Payments Interface (UPI) platform developed by the National Payments Corporation of India (NPCI) and is powered by YES Bank. The PhonePe UPI app is very safe and secure app for a safe business transaction.
It helps you meets all your payment and banking needs, and is much better than Internet banking. No need to remember IFSC codes, account numbers, or other inconvenient details. Make instant bank transfers by just using a mobile number or a unique payment identity – your Virtual Payment Address (VPA).
PhonePe also provides clients with a digital mobile wallet for faster refunds and cashbacks from our merchant partners. You can spend your wallet balance or withdraw it into your linked bank account(s) in one quick swipe.
Also, with over 70 billers live on the PhonePe App you can do quick and easy recharges for mobiles, DTH, datacards and also pay gas, electricity, landline and other utility bills.
Currently over 40 banks are UPI enabled, with more banks coming soon!
Supported Indian Banks
Banks currently on UPI: YES Bank (our UPI sponsor), Allahabad Bank, Andhra Bank, Axis Bank, Bank of Baroda (BOB), Bank of Maharashtra, Bank of India, Canara Bank, Catholic Syrian Bank, Central Bank of India, Citibank, City Union Bank, Corporation Bank, DCB Bank, Dena Bank, Federal Bank, HDFC Bank, HSBC Bank, ICICI Bank, IDBI Bank, IDFC Bank, Indusind Bank, Indian Bank, Indian Overseas Bank, Karur Vyasa Bank, Karnataka Bank, Kotak Mahindra Bank, Laxmi Vilas Bank, Oriental Bank of Commerce, Punjab National Bank (PNB), Punjab and Sindh Bank, Ratnakar Bank (RBL), State Bank of India (SBI), South Indian Bank (SIB), Standard Chartered Bank (SCB), TJSB Sahakari Bank, UCO Bank, United Bank of India, Union Bank of India, Vijaya Bank
For more details, please visit PhonePe Official website at PhonePe