
PhonePe Business Solutions for SMEs and Entrepreneurs are designed to help small businesses grow and thrive.
PhonePe offers a range of solutions for SMEs and entrepreneurs, including payment links, invoices, and QR codes. These solutions can be easily integrated into a business's existing website or social media platforms.
By using PhonePe's solutions, SMEs and entrepreneurs can accept payments from customers in a seamless and efficient manner. This can help to increase sales and reduce the risk of missed payments.
PhonePe's solutions are also highly secure, with robust encryption and fraud detection systems in place to protect businesses and their customers.
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Features and Benefits
PhonePe Business offers a top-notch payment experience with higher success rates, and its seamless and reliable platform can handle heavy transactions. This makes it an ideal choice for businesses that need to process a large volume of transactions.
One of the key benefits of PhonePe Business is its 24/7 customer support, which ensures that any issues or concerns are addressed promptly. This level of support is essential for businesses that operate around the clock.
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Here are some of the key features of PhonePe Business:
- Recharge and pay bills
- Split a bill with a friend
- Send and transfer funds using QR code
- Single app for UPI
PhonePe Business is also safe to use, user-friendly, and available in many local Indian languages, making it accessible to a wide range of users. It's also available round the clock, which is convenient for businesses that need to operate at any time.
App
The PhonePe app offers a wide range of services, including booking cabs, hotel services, ordering food online, and paying for Redbus and flight tickets.
You can use the app in over 11 Indian regional languages.
To access more features, click on the 'Account Section' and type in the OTP and your address to save it.
The app also allows you to request services by navigating to the home screen and clicking on the 'Request' option.
You can use the app to book cabs, hotel services, and order food online, making it a convenient option for your daily needs.
The app is available in multiple languages, making it accessible to a wider audience.
To use the app's full potential, follow the initial instructions to allow SMS-based mobile verification by clicking on 'Let's Get Started'.
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Upi Lite Feature

The UPI Lite feature on PhonePe is a game-changer for making small payments.
This feature allows users to make payments below Rs.200 with just a single tap, without involving their bank account. The amount is debited from the on-device balance, making it a quick and convenient option.
To use UPI Lite, you need to load Rs.2000 into your Lite account, which is a simple process that can be completed in just a few steps.
The UPI Lite feature is supported by most major banks and is accepted on all QR codes across the country, giving you the freedom to make payments anywhere.
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Savings Product
The Savings Product at PhonePe is designed to be simple and accessible, just like a Savings Account. You can invest by making a deposit of Rs.500 every month.
The 'Liquid Fund' tool is a great option for those who want to start saving with minimal effort. It's available on the PhonePe app.
You can invest in the 'Liquid Fund' tool within a few minutes of signing up. Just make a deposit of Rs.500 every month and you're good to go.
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All-in-One Travel Insurance

With PhonePe's all-in-one travel insurance, you're covered for a range of unexpected events while traveling. Here are some key benefits:
You can get up to Rs.1,00,000 in case of fraud at home while traveling. This can be a huge relief if you're a victim of theft or fraud while abroad.
Trip cancellations are also covered, up to Rs.20,000. This can be a lifesaver if you need to cancel your trip due to unforeseen circumstances.
Lost checked-in baggage is covered up to Rs.10,000, which can help you replace essential items. This can be a big help if you've lost your luggage and need to buy new clothes or toiletries.
Missed connecting flights are also covered, up to Rs.10,000. This can be a huge hassle, but with this insurance, you can get some compensation.
Accidental hospitalization expenses are covered up to Rs.1,50,000, which can be a huge relief if you need medical attention while traveling. This can include doctor's fees, hospital stay, and medication.
You can also get up to Rs.10,000 for OPD (outpatient department) expenses, which can help you cover costs for doctor's consultations and medication.
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Selling Gold

Selling gold on PhonePe is a straightforward process. You can start by choosing 'Wealth Management' from the app.
To proceed, select 'Gold' from the drop-down menu. This will take you to the gold selling section.
Here, you can confirm the amount of gold you want to sell. You'll also need to confirm the weight of gold.
Confirming the details will initiate the selling process.
SME Head
As a digital payments platform, PhonePe has been expanding its services to cater to the growing needs of its users. PhonePe has over 400 million registered users, making it India's leading digital payments platform.
PhonePe's SME Head is responsible for leading the PG Business, which enables the company to charter into new territories and scale its capabilities. This role is critical to PhonePe's growth and requires a highly motivated and entrepreneurial individual.
The ideal candidate for this role has at least 10+ years of experience in managing and leading business acquisition (sales), preferably in the SME Team. They must also possess excellent communication and presentation skills.
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As a SME Head, you will be responsible for leading a team of 300+ individuals and mobilizing them to achieve sales targets. You will need to work closely with leadership teams on the merchants' side, negotiate deals, and take data-backed decisions to drive business growth.
PhonePe's SME Head will also be responsible for identifying new business opportunities, categories, and creating a vision for the growing business. They will need to interact with key decision-makers, C-Suite in partner organizations, and pitch PhonePe products to them.
The SME Head will also be responsible for establishing best practices and procedures for converting leads to sales. They will need to stay up-to-date with new products, competition status, and emerging categories and market shifts.
PhonePe's SME Head is a key role that requires a strong business acumen and product expertise. If you are passionate about business growth, intellectually curious, and analytical, this role may be perfect for you.
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Frequently Asked Questions
What is the use of the PhonePe Business app?
The PhonePe Business app helps businesses accept digital payments, track transactions, and access additional services like loans and more. It's a one-stop solution for managing your business's financial transactions and growth.
Is it safe to use the PhonePe Business app?
Your data is safe with us - we don't share user data with third parties
How much do PhonePe Business charges?
PhonePe Business charges interchange fees ranging from 0.5% to 1.1% depending on the service category. Merchants should check the specific fee applicable to their category for more information.
Which bank is PhonePe using?
PhonePe partners with multiple banks, including Yes Bank, ICICI Bank, and Axis Bank. You can learn more about our banking partners and their benefits on our website.
Sources
- https://www.iimjobs.com/j/phonepe-business-head-sme-15-20-yrs-1337874
- https://en.wikipedia.org/wiki/PhonePe
- https://www.bankbazaar.com/ifsc/phonepe.html
- https://vizologi.com/business-strategy-canvas/phonepe-business-model-canvas/
- https://www.moneycontrol.com/technology/phonepe-diversification-strategy-pays-off-high-revenue-growth-likely-to-sustain-article-12808510.html
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