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Tag: Phonepe

PhonePe: 2.5 Crore Small Merchants Across India To Be Digitised

New Delhi: Digital payments platform PhonePe on Monday announced that it will enable digital payments for over 2.5 crore small merchants across India in the next one year. In a statement, the company said that it will also onboard these kiranas on its ‘PhonePe for Business’ app, offering them end-to-end control of the payment process […]

PhonePe services hit as partner Yes Bank put under moratorium

New Delhi: Payment services provider PhonePe has suffered an outage after the Reserve Bank of India (RBI) on Thursday put Yes bank under moratorium. In a tweet, PhonePe said that its services are temporarily unavailable as it is going through an unscheduled maintenance activity. “We are temporarily unavailable. We are going through an unscheduled maintenance […]

Zero UPI Interchange, PSP Fees May Hurt PhonePe, Google Pay

New Delhi: Through a circular on Friday, the National Payments Corporation of India (NPCI) said that it has agreed to revise the UPI interchange and payment service provider fees to “zero” for all domestic UPI merchant (P2M) transactions with retrospective effect from January 1, 2020. The abolition of the fees has been made for an […]

PhonePe Introduces Chat Feature On iOS, Android

New Delhi: In a bid to make it easier for users to have a conversation on the platform, digital payments player PhonePe has launched a new chat feature on the app. Through this feature, users can now request money or confirm the receipt of payment without having the need for any other messaging app. “PhonePe […]

PhonePe, Paytm have till February 2020 to update KYC

New Delhi: With the Reserve Bank of India (RBI) extending the deadline for mobile wallets to become fully Know Your Customer (KYC) compliant, people using PhonePe, Paytm, Amazon Pay or other such wallets will have no trouble doing their transactions as usual at least till February 29, 2020. The deadline for mobile wallets to become […]

PhonePe 2nd most downloaded finance app in May: Report

New Delhi: In a sign that people in India are fast adopting digital payments methods, a new study has found that PhonePe, a Unified Payments Interface (UPI)-based app, was the second most downloaded app in the world in the finance category in May after Google Pay. The UPI platform was developed by the National Payments […]