What Is PhonePe App? Seven Things To Know

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PhonePe is an UPI-based App launched by e-commerce giant Flipkart, to provide a cashless and a seamless payment experience.

You can install the PhonePe app from google play store. When you install the PhonePe app on your Android, you need to enter our name, email, and phone number to create an account.

Here are the top 7 things you should know about PhonePe:

UPI app

UPI payment system allows money transfer between any two bank accounts by using a smartphone. UPI allows a customer to pay directly from a bank account to different merchants, both online and offline. In UPA system to send money, we don't need to give credit card details, IFSC code, net banking passwords etc. The phonePe app is based on the Unified Payment Interface (UPI) platform.

Don't want account information

Almost all public and private banks are live on UPI. The customer only needs to give the mobile number and bank name when the customer connects his or her bank account into the PhonePe app. UPI will retrieve the account details from your bank. If your bank is not in the UPI platform, you can't add your bank account into the app.

No multiple authentication methods

VPA or Virtual Payment Address is an address given to the user of UPI payment system. The virtual payment address replaces the bank account details. Through PhonePe UPI app, anyone can send and receive money instantly using the VPA.Users can also transfer money between any two bank accounts. To pay directly from both offline and online from your account credit or debit card details, OTP, IFSC code and other information is not needed.

No need to load cash

The customer doesn't have to load cash into their PhonePe wallet before each transaction. No need to worry about the running balance also. Users can make payments from their bank account by using the mobile number or a virtual ID. When using mobile number make sure that given number is the same one that's registered with your bank.

Utility uses of PhonePe

Customers can use PhonePe app to pay your postpaid and utility bills. You can use PhonePe app for the following

  • Recharging prepaid mobile number
  • Recharge data card and DTH
  • Send or request money from friends entering their number, name or VPA
  • Split bills between people
  • Check the bank account balance 
  • Scan QR codes to pay


Safety and security

There is no service charge for PhonePe app. You can make transactions free. In the case of refund from Flipkart, you will get it credited into your wallet directly without any additional charges. To make the app secure, the MPIN is used. Users are told not to share the MPIN with anyone. For every transactions, users need to enter this MPIN.

Limits and validity

Using PhonePe app users can spend a maximum of Rs 1 lakh per transaction. The validity of the balance in your account also won't worry you. Customers will get long validity for thier wallet balances.


Read more about: flipkart, phonepe, app
Story first published: Thursday, March 16, 2017, 12:25 [IST]
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