Mobile Payments - Go Cashless

Flipkart, Indias largest Ecommerce enterprise has launched its own digital wallet, PhonePe. Built on the platform of Unified Payment Interface (UPI), PhonePe lets you transfer funds instantly without even loading your PhonePe app with money. Thats right, unlike other digital wallets, where you are required to load money first in the wallet, to be able to use it for transactions, with PhonePe you can directly use the money on your bank for payments. In fact, Flipkart also announced that Myntras My Cashback feature would be converted into the PhonePe wallet. Currently, only available for Android users, PhonePe will soon be launched for iOS and other operating systems as well. All the useful features of PhonePe Loading the PhonePe wallet with money isnt required once your bank account is linked to the app All refunds and cashbacks will be credited to the PhonePe wallet You can withdraw the balance in the wallet to your bank free You can also use PhonePe wallet to transfer funds betwee

After the demonetization of high-currency notes by the government, digital wallets have cropped up rapidly. PhonePe Wallet is also a digital wallet launched by the e-commerce giant Flipkart and is the first Unified Payment Interface (UPI) based app in the country. UPI enables one to transfer funds instantly from one bank account to another using a Virtual Payment Address (VPA), without having to enter the bank details of either party. Hence with PhonePe clubbed with UPI, it is incredibly easy to send and receive money by the PhonePe wallet. What is VPA?Virtual Payment Address (VPA) is quite similar to an email id, for e.g. joy****@icicibank or 985*****63@PNB. To send or receive payment just provide your VPA and the funds will be transferred. In fact, money can also be transferred by knowing only the VPA of a person instead of the mobile number. Private details like credit/debit card number, IFSC code, or CVV number are hence no longer required to initiate payments. How to install Phon

The transition from traditional payment methods to UPI payments might be slow, but still, the country is under a remarkable economic revolution. The reason being not all the people are aware of this digital payment gateway, mainly because its new. A simple search on Google Play will produce several UPI apps, but not all of them are good and thoroughly secure. To help you out, we are going to discuss some of the highly trustworthy and efficient apps that can be on your smartphone. Here are 5 Best UPI Apps in India that are best suitable for digital payments: 1. BHIM UPI App Backed by the government, BHIM was developed and created by NPCI. With just a few clicks, you can transfer money from one bank account to another. There are three ways to transfer money - mobile number, QR code, and VPA. To make a transaction, you just need a mobile number and PIN. The BHIM app also has a feature which allows users to request money. Earlier, the app was available on Android only, but recently it has