PhonePe introduced as the UPI enabled payment App from FlipkartAfter RBI introduced UPI (Unified Payment Interface) to ensure easier and safer online banking transactions, a number of Indian banks have come forward to collaborate with this app. The idea has got widespread appreciation and as a result renowned e-commerce companies too are keen on following the same. These business houses are now developing their own UPI apps that are categorized under non-banking UPI apps. These non-banking UPI Apps are being integrated with their e-commerce payment gateways to increase the ease of doing payments and to increase trust among the customers by making their online transactions secured from every possible angle.
Phonepe is one such Mobile wallet that has been recently launched by Flipkart, which is now considered as one of the largest e-commerce companies of India. This non-banking UPI app Interface is primarily based on their mobile wallet system and they have launched this new app in tie-up with Yes Bank. PhonePe is designed to transfer money of the users to any merchant site through their bank account directly.
Key Features The App is coming up as one of the most popular Wallet because of its features that are rich with a handful of unique features:
Phonepe wallet app Use and TransactionsNow through the PhonePe App one can enjoy a list of benefits and can use the app for different purposes
Procedure of Splitting a Bill through PhonePeTo split a bill payment through PhonePe where you want to make a payment where there are more than one contributor you have to follow these easy steps:
The GoodThere are many good features in PhonePe that made it top the list of the non-banking apps, like the withdrawal option, the Inter-Bank and Inter-Wallet money transfer.
The Interface is simple, easy to use and responsive. Till now Flipkart's PhonePe UPI has earned a 5 out of 5 rating among all the surveys made so far.
The BadThe app does not allow loading money in the wallet; a big drawback of this app. This means you have to do bank transaction each time you want to do some transaction on the app itself.
Winding Up The App is however a really useful one especially for those who need to operate several bank accounts frequently, as this single app can do it all for them in one go.