When there is a need of fast and safe transaction . I always trust PhonePe app which is the best in these feild. When we do any shopping online or when we do recharge from paytm or book tickets or any types of bill payments firstly, I always use Paytm but now its PhonePe as it really gives me a fast and safe transaction. It works on UPI system which is the only reason for fast transaction as in these we no need to give any more OTP or check the messeges recieving through the bank for the conformation of payments.
So what is these UPI system?
In these we need to register our phone number ( which is already registered with bank) with phonepe app and then the app automatically varifies and tells you to setup your UPI transcation pin which is needed in every transaction without OTP. The pin is also called MPIN .You need to setup your MPIN, which is of any six dgits no. ( Eg. 123456) . So after completing these requirement you're ready to do any transcation as your VPA ( Virtual Payment Address) will be generated and reqired in UPI transcation .You can see these VPA in your Profile. For any transcation you are doing from paytm or other app you need to write your VPA in UPI option menu and the transcation starts and you will receive one messege saying that ( if you use paytm for UPI transcation ) Paytm has asked you( phonepe) to pay _ amount of money .You can tap the link on the messege and pay to paytm or else you can also go to phonepe app and under pending transcation menu you can see the transaction which is pending . You can from there also by tapping Pay on the menu.Then is directly pays to paytm without any OTP. So these are reasons why I like phone pe.
It also offers you exciting cash back for any transcation.
One of the best part that I also like was if you have any money in phonepe wallet you just need to slide your wallet to bank account it directly goes to your bank.whether the amount is ₹1 or any.
There many benefits of using phonepe.so enjoy using it.
