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PhonePe Review

PhonePe
Our score: 8.2 User satisfaction: 95%

What is PhonePe?

PhonePe is a UPI-based, all-in-one digital wallet for users in the Indian subcontinent. It only requires one bank account or credit/debit card to be linked for users to utilize in every online transaction. Whatever the case, the platform assures users that their financial details are secured and protected against cybercriminals.

PhonePe is also a convenient app as it enables businesses to pay their utility bills through it, so they can ensure that their operations are not disrupted due to late or missed payments. Other than that, they can also use the solution to give salaries to their employees. The latter function is especially helpful to businesses with a global or distributed workforce.

With PhonePe, stores can even accept PhonePe payments via its dedicated POS device. This makes in-store transactions seamless as it takes less than a minute to complete. Plus, it is highly secure as one POS is linked to only one merchant.

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Overview of PhonePe Benefits

All-in-One Solution

PhonePe can be used anywhere in India and for every transaction. This makes it dynamic and very expedient to business users, as they only have to access one app to request payments from their clients, to send salaries to their employees, and to pay their utility bills.

Multiple Payment Options

PhonePe gives users multiple options for the sources of their funds. This can be UPI, their credit or debit card, or their bank accounts. This flexibility allows users to be dynamic and lets them make certain every source is in the green.

Direct Top Ups

For faster transactions, users can transfer funds from their accounts to their digital PhonePe wallets. This means the app does not have to access linked accounts and cards for every transaction. This method is also more secure for daily payments and fund transfers.

Intuitive POS

Aside from facilitating online fund transfers, PhonePe also helps merchants accept payments in their stores. The solution has a dedicated POS device that can be used for in-store transactions. This reduces the waiting time of customers at the register and allows businesses to serve more buyers. With this solution, companies and consumers alike can rest assured that every transaction is secured as each device is linked to only one merchant. Plus, payment only succeeds once the customer enters their PIN on the app.

Multi-Language Interface

English and Hindi are not the only languages PhonePe speaks. The app is also available in Tamil, Marathi, and Bengali enabling native speakers of those languages to navigate the app comfortably and seamlessly.

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Overview of PhonePe Features

  • Bank Account Linking
  • Bank Balance Check
  • Credit & Debit Card Linking
  • Send & Receive Money
  • POS Payments
  • App to Bank Account Transfer
  • Wallet Top Ups
  • Money Storage
  • PIN Authorization

PhonePe Position In Our Categories

Bearing in mind businesses have special business-related requirements, it is logical that they avoid picking a one-size-fits-all, ideal software solution. Having said that, it would be almost impossible to try to pinpoint such a software product even among branded software products. The logical step to undertake is to list the several chief aspects that entail scrutiny like crucial features, price plans, technical skill ability of staff members, organizational size, etc. The second step is, you must do your product research fully. Go over some of these PhonePe review articles and scrutinize each of the software solutions in your list more closely. Such well-rounded research ascertains you steer clear of unsuitable apps and select the system which provides all the aspects your company requires in sustaining growth.

Position of PhonePe in our main categories:

TOP 50

PhonePe is one of the top 50 Mobile Payment Apps products

If you are interested in PhonePe it might also be beneficial to check out other subcategories of Mobile Payment Apps listed in our database of B2B software reviews.

Every company has different needs and requires a system that can be personalized for their size, type of staff members and clients, and the specific industry they are in. For these reasons, no system can proffer perfect functionality out-of-the-box. When you look for a software product, first be sure what you want it for. Read some PhonePe Mobile Payment Apps reviews and ask yourself do you want basic tools or do you require sophisticated features? Are there any industry-specific functionalities that you are searching for? Find the answers to these queries to assist your search. There are multiple elements that you need to mull over and these include your budget, particular business requirements, your company size, integration needs etc. Take your time, try out a few free trials, and finally zero in on the platform that presents all that you require to enhance your organization efficiency and productivity.

How Much Does PhonePe Cost?

PhonePe Pricing Plans:

Free Trial

PhonePe

Starts at ₹1 lakh per transaction

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What are PhonePe pricing details?

PhonePe Pricing Plans:

Free Trial

PhonePe

Starts at ₹1 lakh per transaction

PhonePe exacts a minimal amount of 1 lakh per transaction. However, other uses of the app such as money storage is free.

User Satisfaction

Positive Social Media Mentions 202
Negative Social Media Mentions 6

We know that when you choose to get a Mobile Payment Apps it’s important not only to find out how professionals score it in their reviews, but also to find out whether the real people and companies that bought this software are actually happy with the service. That’s why we’ve devised our behavior-based Customer Satisfaction Algorithm™ that aggregates customer reviews, comments and PhonePe reviews across a wide array of social media sites. The information is then displayed in a simple to digest format indicating how many people had positive and negative experience with PhonePe. With that information available you will be equipped to make an informed buying decision that you won’t regret.

Technical details

Devices Supported

  • Windows
  • Android
  • iPhone/iPad
  • Mac

Deployment

  • Cloud Hosted

Language Support

  • English

Pricing Model

  • Free
  • Quote-based

Customer Types

  • Small Business
  • Large Enterprises
  • Medium Business
  • Freelancers

What Support Does This Vendor Offer?

  • email
  • phone
  • live support
  • training
  • tickets

What integrations are available for PhonePe?

PhonePe integrates with Unified Payments Interface (UPI).

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Louie Andre

By Louie Andre

B2B & SaaS market analyst and senior writer for FinancesOnline. He is most interested in project management solutions, believing all businesses are a work in progress. From pitch deck to exit strategy, he is no stranger to project business hiccups and essentials. He has been involved in a few internet startups including a digital route planner for a triple A affiliate. His advice to vendors and users alike? "Think of benefits, not features."

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