PhonePe to Launch UPI Payments App for Feature Phones With P2P Transfers Offline QR Payments

PhonePe is gearing up to unleash yet another UPI revolution to gain digital acceptance even on the simplest handsets. And who likes clunky interfaces anyway? PhonePe is brewing this slick solution on top of NPCI’s UPI 123PAY magic.

What is the secret sauce? GSPay technology from Gupshup is skilfully baked, assembling conversational magic to make payments as easy as conversing. So it’s UPI features made really simple. While it could be just a couple of quarters till cash says goodbye, PhonePe has it plainly stated in its vision: to get every Indian into the digital economy, one feature phone at a time.

PhonePe’s UPI Solution for Feature Phones Is Built on GSPay

PhonePe just grabbed that game-changing asset! Forgeting the usual press releases, imagine this- PhonePe is ramping its dominance in UPI with the acquisition of the brains behind Gupshup’s GSPay. Launched in 2023, GSPay ingeniously unlocked SMS payments for feature phones. Now, PhonePe is set to unleash a customized UPI powerhouse built upon this innovative tech. Think wider reach, smoother transactions, and PhonePe solidifying its grip on India’s digital payments landscape.

Making digital payments easier, PhonePe has been doubling efforts with GSPay-this is itself an answer to the RBI’s 2022 promotion of inclusive UPI implementations under the stewardship of Governor Shaktikanta Das. Since built on top of NPCI’s UPI 123Pay framework, PhonePe intends to use the technological might of GSPay as a foundation to develop a very strong UPI platform. This, therefore, indicates a future where digital transactions will be available to everyone.

Imagine doing UPI payments without Internet. UPI 123Pay opens up a whole world where a feature phone will be the powerful payment tool. Get rid of the dependence on data with the four smart options: giving a missed call to an IVR number, a well-thought-out app experience, missing a call, or paying through sound. UPI 123Pay: making sure everyone gets connected with the future of finance, with or without good connectivity.

PhonePe is breaking down barriers for this new UPI solution to connect feature phone users to the digital economy. Imagine sending to friends or paying at local shops via QR codes, all without internet! One can even receive money on phone numbers or custom QR codes. According to PhonePe, its primary goal is to provide “full payment interoperability” so that every person in India uses the UPI revolution irrespective of their phone.

PhonePe seeks to serve India’s 240 million feature phone users, a vast, untapped market. Industry figures estimate the arrival of 150 million new feature phone sets over the next five years. Co-founder and CEO Sameer Nigam stated that the digital financial revolution has, in many respects, bypassed this segment, and therein lies an opportunity for innovation and inclusion.

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