Have you heard about UPI? Most of you may not! UPI is Unified Payment Interface which is a payment system that allows you to transfer money between any two bank accounts from anywhere with a couple of clicks.
This is the most secure and lightning fast method to send money to your friends, family with a couple of touches.
Now Phone Pe is a mobile application that has UPI enabled and authorized by Reserve bank of India.
What is Phone Pe?
PhonePe is a revolutionary way to make mobile payments in India. From UPI payments to recharges, money transfers to online bill payments, you can do it all on PhonePe. PhonePe is way better than Internet Banking and offers you the safest and fastest online payment experience in India.
Things you can do on the PhonePe app –
– Send and request money from your contacts anytime, anywhere.
– Recharge prepaid Mobile for most major operators/Datacard/DTH connections across the country.
– Pay 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.
– Split bills with your friends and settle them right away.
– Shop on Flipkart, Myntra, Jabong, and other online shopping websites.
PhonePe benefits –
– Transact up to Rs.1 lakh per transaction, 24*7.
– Get instant refunds and cashbacks from our partner merchants into your PhonePe wallet. Instantly withdraw your entire wallet balance to your UPI enabled bank account with just one swipe – free of cost!
-Partially pay using the funds in your wallet along with any of the payment methods like debit and credit cards.
– Top up your wallet using your UPI enabled bank account or a debit card to make instant payments to anyone.
– One-click payments using your PhonePe account at any of our merchant partner locations.
– Transact in the language of your choice. English, Hindi, Tamil, Bengali, Telugu, Kannada, Malyalam, Assamese, Gujarati, and Marathi are now live. More languages coming soon!
After installing it, open the application and enter your mobile number for verification. Use the mobile number linked to your bank account.
After you have successfully verified your mobile number, phone pe will show you all the bank accounts registered with your mobile number.
Note: You should be having at least Rs.2 in your sim card to get the verification process done.
Adding New Bank Account to Phone Pe
Start the video below to know how to add a bank acount to phone pe.
Step 1
Open menu by tapping on the ” ” icon at top right corner of the screen
Step 2
Go to Bank Account section, and tap on the ” Add New Bank ” button.
Step 3
Select the bank which you want to link with PhonePe from the list of available banks.
Step 4
PhonePe will fetch your account details in an instant and will link it to your account. proceed to set up UPI PIN by tapping on the set UPI PIN button.
Step 5
Enter the ” last six digits ” of your Debit/ATM card number and ” Expiry Date ” (Incase your card does not have an expiry date, then try entering 00/49)
Step 6
Use the OTP which you received from your bank, to set your UPI PIN.
How to Get 50% Cashback on your First UPI Transaction