Phone pe is one the app that allow you to deposig from your account using UPI( unified payment interface) to another account . It reflects more wallet like banking for different type of payments.
Features included are sending money to contact, account through phone pe or other UPI app and you can check your account balance. Interface is pretty simple and responsive to but sometes lags. You had to register your phone number which is connected to bank account to proceed further.
But there are some limitation, you can send money upto 10k only.