Mobile wallets are getting more and more popular with the rising demand of smartphones. The recent addition to the list of mobile wallets is the PhonePe UPI. Mobile commerce has been booming in India for the last few years and the landscape is changing quickly. With the difference of the internet penetration between rural and urban areas, m-commerce is the new buzzword. With the focus shifting from the desktop to the mobile, the difference initiatives like m-commerce and e-commerce are trying to bridge the gap. PhonePe is one such platform trying to make an impact in the mobile commerce space.

Features

PhonePe UPI offers many features to the users. It offers the user the option to recharge their mobile phones, pay at their favourite stores, transfer money to their family and friends, and also receive money from the same people. The phone is also equipped with a One-time password to provide extra security when transferring money. It also offers the user the option to pay the utility bills, purchase insurance, and invest in mutual funds.

Design

The PhonePe UPI is built with a card-less feature for the user. This allows the user to make transactions without carrying a card in their wallet. The Phonepe UPI has a sleek design which makes it look very aesthetic. The user can use the phone in both portrait and landscape mode, which can be helpful when in a rush. PhonePe is a digital payments service that was launched by Flipkart in 2015. PhonePe is a UPI-enabled mobile app for people who don't have a bank account and is available for download on Android and iOS. PhonePe is now integrated with Flipkart and the app is now the default payment option for the Flipkart app and website. PhonePe has also partnered with Paytm for UPI and is the first digital payments company to tie up with Microsoft for offering a seamless integration of its app with Skype

Information about usability

The phone is equipped with a One-time password to provide extra security when transferring money. It also offers the user the option to pay the utility bills, purchase insurance, and invest in mutual funds.

Advantages

• It can be accessed by a mobile phone with a connection to the internet
• It provides the user with a range of financial services
• It has a very simple design
• It is free to download
• It is good for the mobile commerce industry
• It has a wide range of features
• It is a convenient way to carry out transactions.

Disadvantages

• It is a mobile app and not a desktop application
• It is an Indian company and not a global one
• It has a smaller user base
• It cannot perform in-app payments
• It is not available in regional languages

Conclusion

PhonePe is a digital wallet app that enables users to make payments and use UPI. The app is a subsidiary of Flipkart, India's largest e-commerce company. The app was designed by Flipkart's engineering team with the aim of making payments as hassle-free as possible. PhonePe allows users to make online and offline payments. The app supports the Indian government's UPI payment system, which is a single platform for making fee-less, instant personal and business payments.