PhonePe is powerd by YesBank and official wallet of Flipkart its good for UPI transactions and many other transaction also Phonepe gives us very good cashback offer for different types of payment. Money transfer Phonepe to register bank account is soo easy and simple just drag drop wallet to bank account instantly transfer to bank account but some time I feel some issue to transfer money to register bank account due to some technical issue its reject its happen only sometimes overall I like to say its good app and must have installed in our Android phone.