It is an another online transaction application based on UPI( UNIFIED PAYLENT INTERFACE) after BHIM. This is very fast during transaction and having ease during use. This app is used for paying mobile bill, Lpg Bill, electricity bill, DTH etc.
Lask week, I purchased MOTO E3 power mobile and tje payment was did via PHONE PE and the exciting cash back of 30% was credited into few seconds after paymnet. Which can b transfered to the bank account which was used to credit in phone pe wallet.
Currently, IT gives a 25% exciting cashback on flipkart products ( max 200Rs) this is useful for those who want to buy someproducts via flipkart.
And ON MYNTRA 15% cash back is ongoing.