Phone Pe Offers: Due to the current campaign in India to make all transactions cashless, there have been many alternatives to cash payments coming up, like Paytm, Mobikiwi and many other online wallets. These wallets help with instant payments only if they have money preloaded into them. They also often lack the security of an mPIN which is like an ATM PIN number to secure the transactions.
There is also the introduction of UPI or Unified Payment Interface applications by all the major banks and the government of India which allows direct bank_account to bank_account transactions. These UPI apps, however, can only be used to send or receive money and cannot be used for direct recharges and bill payment which is usually made easier with a mobile wallet. check all Latest phone pe offers from here.
About Phone PE And PhonePe Offers:
The PhonePe app is owned by Flipkart and powered by Yes Bank and acts not only as a UPI but also as a Mobile wallet. The PhonePe app is a feature rich UPI cum mobile wallet app. It is the fastest growing UPI cum wallet app and on the way to beating BHIM UPI app that was introduced by Prime Minister Modi. Listed Below are the advantages of the PhonePe application. check here for the detailed information on Phone Pe Recharge Offers.
Easy and Secure Transactions:
Other mobile applications do not have any secure transaction methods to ensure the application is not being misused. Whereas Paytm has introduced a security feature which only ensures secure usage of the phone. Phone pay uses two-fold security check of using both the correct registered phone number as well as requiring an mPIN both of which are easy to use and at the same time very secure.
Transaction Limits and charges:
Every wallet application available has a transaction limit of 20000 rupees, however, the limit on the payment on PhonePe is as high as 1 lakh rupees, i.e., up to 30 lakhs can be transacted through this application.
Whereas other closed wallet applications such as pay to have a transaction fee of 1-3 percent when transferring money back to the accounts, the PhonePe application can be used to transfer money without any charges for a lifetime.
Merchant transactions, Bill payments, and fund transfers:
It is possible to directly pay the bills, recharge phones, and online merchant payments without requiring net banking IDs, card number, passwords and pins etc once the card is setup. Direct transfer of money using the phone number is possible without requiring the UPI number, as long as the other phone is registered with a UPI. Unlike BHIM which can connect only to one bank account at a time, PhonePe can be used to save details for multiple accounts.
Its online wallet can be filled to allow transactions that are very fast but it is not a compulsion.
Bank Statement Access:
The application also allows access to bank statements that can be used to check the transaction history, unlike the mobile wallets which are indirectly connected to the banks and allow no such information access.
Partial payments alternatives:
The application allows a customer to pay for any bill or purchase partially through wallet, credit or debit card and the rest through any of the other alternatives.
Multiple language usages:
PhonePe is available in five languages English, Hindi, Tamil, Marathi & Bengali unlike other mobile applications including BHIM which is available only in English and Hindi.
This application like all mobile wallets has cashback offers and coupons for use by the customers which gives them savings for every purchase they make. The offers that they will be sent will be based only on favorite well-used apps prevent spamming with unnecessary applications.
PhonePe is launching a new business solutions section that will help make the transaction between customers and suppliers even more seamless.
PhonePe is helping to make handling money easier and cashless, and fast moving towards becoming the online solution that beats every other application available, with its easy to use, rich interface it has become the favorite for all its users.