PhonePe: Streamline Your Finances with UPI, Payments, and More
PhonePe is a comprehensive financial management app offering seamless phone recharges, bill payments, and a wide array of financial services. Conduct instant transactions online and offline using UPI, debit, or credit cards. Invest in mutual funds and secure insurance plans all within a secure, user-friendly platform.
Key Features of PhonePe:
-
Effortless and Secure Payments: Utilize BHIM UPI, credit/debit cards, or wallets for mobile recharges, utility bill payments, and instant transactions at your favorite stores (online and offline).
-
Investment and Insurance Solutions: Invest in mutual funds and purchase various insurance plans, including car and bike insurance.
-
Convenient Banking: Link your bank account for instant money transfers via BHIM UPI, offering a superior alternative to traditional online banking.
-
Versatile Payment Options: Make online payments on major shopping sites (Flipkart, Amazon, Myntra), food delivery apps (Zomato, Swiggy), grocery platforms (Bigbasket, Grofers), and conveniently pay at local stores using QR codes.
-
Comprehensive Insurance Marketplace: Compare and purchase health, term life, car, and bike insurance policies with streamlined purchasing and renewal processes.
-
Additional Services: Access personal loans with competitive interest rates and flexible repayment options. Recharge prepaid mobile phones and DTH services, pay bills (credit cards, landlines, electricity, water, gas, broadband), and purchase PhonePe gift cards for versatile payment options.
Loan Example:
Principal: Rs 100,000 Interest rate: 15% p.a. (reducing) Processing fee: 2% Tenure: 12 months Total interest payable: Rs 8309.97 Total processing fee payable: Rs 2000 Total cost to user: Rs 110,309.97
Mutual Funds & Investment:
- Liquid Funds: Earn higher returns compared to savings accounts.
- Tax-Saving Funds: Save up to Rs 46,800 on taxes while growing your investments.
- Super Funds: Achieve your financial goals with expert guidance.
- Equity Funds: High-growth options tailored to your risk tolerance.
- Debt Funds: Invest for stable returns without lock-in periods.
- Hybrid Funds: Balance growth and stability.
- 24K Pure Gold: Buy or sell guaranteed 24K pure gold and save on purchases.
What's New:
-
PhonePe Lending: Access pre-approved loans with attractive rates, easy repayments, and self-service features.
-
UPI Lite: Experience lightning-fast payments with minimal failure rates. Pay up to ₹500 without a PIN, add up to ₹2,000, and withdraw anytime, all fee-free.
-
RuPay Credit Card on UPI: Pay with your PIN; no CVV or OTP required. Conveniently check your credit card balance.
-
PhonePe Insurance: Seamlessly compare and buy health, life, car, and bike insurance plans.
