Phone pe is an initiative to increase awareness of people towards cashless transfer of money . you get various advantage using this app, when you install this app you will have to set UPI pin for your transaction, it may be of four or six digit pin . When you made your first transaction you get 50% back in your wallet, I recharged my prepaid number with 100 Rs. And I get 50 Rs. Back, guys its amazing and you will get up to three recharges . The app also gives you money when you invite your friend to install this app, you will get 50Rs and your friend will get 50% cashback on his first transaction using UPI pin . This is must have app in all phones .
You can also transfer your money to other bank account without any extra charges . you can pay your electricity bill, water bill, gas bill, insurance or any utility payment using this app.