In this Guide, you are going to learn the way to use PhonePe Wallet as well as How to Use Your PhonePe Wallet Money? For your transaction.
You can use it to make payments for products and services, transfer money to your friends and family, or even withdraw it to your bank account.
Money from PhonePe Wallet can be used in multiple ways. You can use it to pay your bills, recharge your phone, buy movie tickets, and a lot more.
In this article, we will discuss all the ways you can use your PhonePe wallet money.
What is PhonePe?
PhonePe is a mobile payments company based out of Bangalore, India.
The company was founded in August 2015 by Sameer Nigam and Rahul Chari.
PhonePe allows users to make payments using their phones, without having to share their bank details or phone number with the merchant.
PhonePe is integrated with over 55 banks in India and offers a host of services such as recharges, bill payments, food order and delivery, and travel bookings.
What is a PhonePe Wallet?
PhonePe wallet is an e-wallet app introduced by PhonePe organization. It is a digital wallet that allows Indian users to store, send, and receive money.
PhonePe wallet is currently available on Android and iOS platforms.
The app allows users to pay for goods and services, transfer money to other users, and withdraw cash from ATMs.
PhonePe also allows users to recharge their mobile phones, DTH, and data cards.
Currently, PhonePe is providing the service of vehicle insurance and digital investment like gold, etc.
How to add money to PhonePe Wallet?
To add money to your PhonePe Wallet, you can use your debit card or credit card as well as you can add money from your bank account also.
To add money from your bank account, you will need to enter your bank account number and IFSC code.
You can find your IFSC code on your cheque book or on the bank’s website.
Once you have entered your bank account details, you will need to enter the amount of money you want to add to your Wallet.
Click on the ‘add money’ button and your money will be added to your Wallet.
How to use PhonePe Wallet for payments?
To use the PhonePe Wallet for payments, you need to follow these simple steps:
1. Download the PhonePe app from the Google Play Store or the Apple App Store.
2. Open the app and sign in with your mobile number or Facebook account.
3. Select the bank from which you want to make the payment.
4. Enter the amount you want to pay.
5. Select the payment method.
6. Click on the “Pay” button.
That’s it! Your payment will be processed immediately.
How to withdraw Fund from PhonePe Wallet?
In order to withdraw money from your PhonePe Wallet, you will need to have the PhonePe app installed on your smartphone and have registered for a PhonePe account.
Once you have logged in to the app, you can proceed to the ‘Wallets’ section and select the ‘Withdraw’ option.
You will then be prompted to enter the amount that you would like to withdraw.
After verifying the entered amount, you will be asked to select the bank account that you wish to withdraw the money to.
Once you have entered the required details, your money will be transferred to your bank account within a few minutes.
Other features of PhonePe Wallet.
PhonePe Wallet offers several other features that are worth mentioning.
These features include the ability to recharge your phone, pay utility bills, and book bus tickets.
In addition, PhonePe Wallet also allows you to transfer money to other users and to withdraw money from ATMs.
Overall, these features make PhonePe Wallet a very versatile and convenient option for payments.
PhonePe is a digital payments company that allows you to pay for your bills, recharge your phone, and buy movie tickets.
How to Use PhonePe wallet?
Using your PhonePe wallet money to make payments
You can use your PhonePe wallet money to make payments for a variety of services and products.
PhonePe is accepted at a number of online and offline merchants, so you can use it to pay for anything from your morning coffee to your monthly utility bills.
You can also use it to pay for goods and services on websites and mobile apps.
Using your PhonePe wallet to transfer The Fund
You can use your PhonePe wallet to transfer money to other bank accounts.
- To do this, open the PhonePe app and click on the ‘Transfers’ tab.
- Select ‘First Transfer’ and enter the amount you want to transfer.
- You will need to enter the recipient’s bank account number and IFSC code. You can also choose to add a memo to the transfer.
- Click on ‘Next’ and enter your PhonePe password. Confirm the details and click on ‘Submit’.
- The money will be transferred to the other bank account within a few minutes.
Using your PhonePe wallet to withdraw Your Money
- You can use your PhonePe wallet to withdraw money from any bank account.
- All you have to do is enter the bank account number and IFSC code, and the amount you want to withdraw.
- You will then be prompted to enter the MPIN for your bank account.
- Once you have entered the MPIN, the money will be transferred to your bank account.
There are multiple ways where you can use your PhonePe wallet money usable.
You can use wallet money for payment, shopping, recharge and paying different bills, doing investments in multiple assets and many more.
I have you have got the clarity about Phonepe Wallet and How you can use the money from wallet for different purposes. keep reading!