PhonePe is a BHIM UPI based app to provide digital payments or cashless launched by e-commerce giant Flipkart. PhonePe is a mobile wallet, which consists of lot’s of top features on its platform.
In this guide, we will be seeing some of its top features in a brief overview.
List Of PhonePe Top Features
Digital wallets like Paytm, PhonePe, Amazon are the top used applications to fight against the situation that occurred after demonetization. The government is encouraging people to use cashless means of payments as much as possible.
I have listed all the top features of PhonePe according to me. You can read each feature one by one.
- PhonePe Switch
- PhonePe ATM
- PhonePe Transfer Money (Bank to Bank)
- PhonePe VPA(Another way to send money)
- PhonePe QR Code
- Buy & Sell Gold
- Change primary account in PhonePe
PhonePe Switch is a great initiative taken by PhonePe in which we can switch from PhonePe to various favorite apps like Food, Grocery, Health & Fitness, Shopping, Travel, and many more without closing the PhonePe means within the app. It aims to bring more partners within the app for their 100 million users on PhonePe.
PhonePe customers can log in to any of their favorite apps without downloading them. It is a great initiative so that users can stick to the PhonePe app.
It enables to integrate their existing progressive web apps or mobile sites. Customers can seamlessly switch between to their favorite stores like Food, Grocery, Health & Fitness, Shopping, Travel, and many more.
PhonePe ATM is the unique feature of PhonePe which was released on Thursday, 23 January 2020. This feature is currently rolled out for the user of the Delhi/NCR region on a trial or pilot basis. By this, our nearby stores will act as ATM and we can withdraw money directly from our bank account. PhonePe helps us to find and call the nearest PhonePe ATM location directly from the app.
A great initiative for getting customers and merchants that will lead to an increase in the number of UPI transactions. You can read our guide on how to withdraw cash from PhonePe ATM and the benefits of PhonePe ATM.
PhonePe Transfer Money
After demonetization, the digital payment goes in trend, and people are using various applications for various purposes. The trend of these wallets is increasing day by day Paytm, PhonePe, Mobikwik, Google Pay, Amazon, etc.
However, you can also transfer money from your one bank account to another bank account using PhonePe. No need to enter bank details like Name, Bank Account Number & IFSC.
PhonePe VPA is a Virtual Payment Address which links the unique user of PhonePe to their respective bank accounts. A VPA is used in place of your bank account details.
You can use your VPA (Virtual Payment Address) to any online merchant so that they can request the money for their given services. If you don’t know your VPA then read our guide to find PhonePe VPA. PhonePe has provided great features of VPA and we can also send money using PhonePe VPA. That’s a very cool feature.
PhonePe QR Code
PhonePe QR code is the best and simple way to send and receive money from anyone. You can use this method to pay to any merchant as well as to any other PhonePe users. Only you need to scan the QR code and complete the payment. No need to enter any details while sending money like Phone Number, Bank Account details.
What Is PhonePe QR Code: A PhonePe QR code is a barcode that can only be readable by smartphones. You can generate your own QR code by following this method. QR code stands for Quick Response Code is a type of 2D bar code that often used to receive money in many digital wallets like Paytm, Mobikwik, Google Pay, Amazon, etc.
You can read our guide to download PhonePe QR code from both app and website.
Digital Gold(Buy & Sell Gold Online From PhonePe)
Want to invest in Gold? If yes then you are at the right place to invest your money in Digital gold. Where you can track everything about your gold like live price, weight, etc. PhonePe has partnered with MMTC and Safegold to buy gold from PhonePe. It’s a great way for investing your saving in one click while sitting at your home. There are a lot of features of buying gold from PhonePe.
Change Primary Account In PhonePe
The primary account is the account that is used to send and receive money in PhonePe by default. In simple words when you have added more than one bank account in PhonePe then you can select one bank accounts a primary bank account in which you will receive the payment.
There is a quite simple way to change the primary account in PhonePe but there is a condition that you have at least two bank account added in your PhonePe account. So for this first, you need to Add Two Bank Account In PhonePe to change your primary account in PhonePe.