Ease of use and Speed
PhonePe’s clean user interface makes it an easy to use app. You do not need to ding around to find a service in PhonePe. All its services are listed in its home screen. You can enjoy any of its services in two or three clicks only. It also guides users at every step. Hence transactions become more easy for users.
The speed of the app is also great. It takes no time to start and transactions are also faster. I have tried many apps like SBI UPI app and Axis Bank UPI app. But PhonePe beats almost every other app in terms of speed.
Security
PhonePe provides two layers of security to its users. The first layer is mobile number and second is MPIN. When you first install and use PhonePe, it authenticates your mobile number. It asks you to set your MPIN if not already set. If you change your mobile phone, you will not be able to use PhonePe. This goes for mobile number also. If you remove your registered SIM card, the app will stop working. It only works when your registered SIM card is inserted in your authenticated mobile phone.
Also, you cannot perform any transaction without MPIN. So, if you lost your mobile phone, don’t worry. You are safe because MPIN is needed for every transaction and only you know your MPIN. Keep in mind, never ever disclose your MPIN to anybody for security of your account.
Features of PhonePe App
PhonePe has a large number of great features. The most important feature of the app is UPI support. PhonePe’s UPI feature is not limited to sending and receiving money only. You can use its UPI feature to pay for many other services.
As PhonePe is not just a UPI app but a mobile wallet also. You can use it to pay your bills, recharge and even to pay insurance premiums. Also, you can send money to another PhonePe wallet using QR code. All these transactions can be done using UPI as well as debit and credit cards.
The main features of PhonePe app are listed below:
Send money to contacts, VPAs and bank accountsRequest money from contacts and VPAsSplit bills between contacts or VPAsRecharge mobile, datacard and DTHPay electricity, landline, broadband and gas billsPay insurance premiumsPay to persons or at stores having PhonePe app installed
Some more UPI specific features are also there such as balance enquiry, set MPIN, change MPIN and reset MPIN.
Send Money To Contacts
This is a special facility of Phonepe. You can send money to your contacts without knowing their VPA or account number. The transaction takes place on the basis of phone number. However, you get this convenience only if the recipient have PhonePe app in the phone. If not, the transaction would be failed. On the other hand your contact would get a message to install PhonePe. Thus, this feature also works as a smart promotion strategy.
QR Code and FAQ
PhonePe has some bonus features along with all basic features. One of them is generating your own QR code to receive payments with a single tap. For other apps, you have to visit the upiqr.in to generate QR code . It is a good option to have especially for small shopkeepers.
PhonePe is also available in other languages. You can choose Hindi, Marathi, Bengali and Tamil as well.
Another amazing feature of PhonePe is its FAQs section. It contains the answers for almost all the questions people may ask about MPIN, UPI and the PhonePe app. Moreover, it guides you through the app when you first use the app with popup screens. That makes the app very easy to operate.