The company’s leading digital payment platform phonepe
The company’s leading digital payment platform phonepe has now expanded widely in India. It came out aa a live payment option for more than one million offline shops in the region of East. Whether it’s small stores or large scale shops, they all chose Phonepe as a digital payment platform. Over the past few years, phonepe has earned the trust of millions. If you search for the latest news, you will definitely get to see these amazing achievements of Phonepe in the search result. Phonepe has very much united its presence in east regions of the country. Phonepe is the best online payment platform for most of the people in cities like Kolkata, Ranchi, Patna, Bhubhneshwara, Bokaro, Dhanbad, etc. Bhubhneshwara leads the presence of Phonepe as it has vast network of offline shops, which is more than 80,000. Vivek Locheb, who is the head of business development of Phonepe, said that Phonepe is one of the most India’s largest platform of payment with more than 9 million merchants from all over the country. Over 55% of the payment transactions frequently comes from the tier 2 and tier 3 cities.-says Vivek Locheb. Taking about Pan India, currently Phonepe has more than 9 million shops in its network. The motive of the company is to make these digits double in the coming years. The company is really dedicated and hardwood to expand its network in India as soon as possible. Phonepe has left various online payment modes behind and wants to take over its competition. Phonepe will carry on to rapidly expand its growth in newer geographies. You will witness the Phonepe payment option even in kiranas (local general stores). The company has also enabled new features on the app which is called “Store”. This option will enable this option to discover hyper local shops that will be associated with Phonepe. Phonepe also offers instant settlements with absolutely 0 fees on the transaction on UPI. The ‘Store’ option will make things more convenient for its users, and they will be able to explore nearest shops around there place and will be able to order stuff online. Phonepe offers smother feature as well which is a merchant app called “Phonepe for buisness”. It is very convenient for the merchants to look into their busine account and analyze their transaction. It proffers end to end control on the process of payments for their merchants. It makes things easy for them as it was more complicated earlier. The company is also planning to upgrade the user interface of the application to make it look more appealing. The merchant app which is “PhonePe for business” also includes payment transactions reconciliation and confirmation which will help the shopkeeper to be aquatinted about there payments. The company also claims to launch international insurance of travel. It will be India’s first digital payment platform to provide this service. Phonepe competes with one of the biggest companies in the world like Amazon pay, Google pay and Alibaba- backed Paytm. Travel insurance product of the Phonepe is a sign of commitment in order to proffer buisness and insurance coverages for travellers. Seems like Phonepe is going to make a massive impact in upcoming years and planning to leave its competition behind in very short period of time. News headlines in English are very much covered with these latest news about phonpe. The lastest updates of phoneo feature are everywhere to be found on several media platforms. The company’s officials said that they believe their travel insurance services will be too empowering for their users. They further said our customers will be able to carry their policies on their smartphone while traveling country to country. Indians insurance market has a potential growth and the company is aiming to take full advantage of it. India is country of 1.3 billion people and most of them are un-insured. India’s insurance is expected to penetrate with tremendous number of people who will be willing to get insurance done. That’s it for now, we will be updating you actively on other updates. Stay in touch with Shivalik journal to know more. Our content is packed with tons of interesting news headlines in english. We post exciting stuff on the regular basis which you will surely going to like.