PhonePe: Complete Guide of UPI Payments,Recharge & Money Transfer

PhonePe is an online payment app for India that allows online mobile, DTH & Metro card recharge, bill payment of water bill, gas bill, electricity bill, insurance bill, etc.

PhonePe has been developed by three people together, Sameer Nigam, Burzin engineer and Rahul Chari together developed the PhonePe app in December 2015. And exactly 1 year later in the year 2016, Flipkart bought this app. And Sameer Nigam, the developers of this app, was declared the CEO of PhonePe.

The only objective of buying PhonePe through Flipkart was to improve its payment system so that the user can easily make payments along with shopping. When Flipkart bought PhonePe in the initial phase, their aim was to integrate PhonePe into the payment system of Flipkart itself.

But after purchasing this app, the company changed its mind and decided to disengage. A separate company called PhonePe should also be set up. Currently, PhonePe's head office is located in Bangalore.

Currently you can book train or flight tickets in addition to recharge from PhonePe, bill payment, UPI money transfer. PhonePe has launched Gold buying and selling scheme in January 2020, under which users can easily buy and send gold, the minimum amount that the company has kept for buying gold is ₹ 1 yes you can get one hundred percent pure Gold from one rupee. Can buy 24 carat gold and that too at the current price.

The best thing is that you can buy or sell gold anytime, anywhere, you will not need a third party, but if you listen to my suggestion, then you buy gold only if you buy gold for a long time. Can be purchased and left. Because in the long run the rate of gold will increase.

So that you will get good profit in future. If you want to leave the purchase for 1 year or 2 years, then it will not be profitable for you from anywhere. The rate at which gold is bought or sold is based on the London Bullion Market AssociationLBMA are responsible for the purchase and sale of World Wide Gold. It mainly does gold buying with Brazil and then acts as wholesale all over the world. Friends, buying gold on the phone is very easy.

If you also want to buy gold from PhonePe. First of all, you keep analyzing the gold rate every day and at the time when the gold rate will come at a low price, you buy gold and then leave it for a long time. You should leave that gold for 10 years. So, that you can get good profit of its price.

What is PhonePe

PhonePe: Complete Guide of UPI Payments,Recharge & Money Transfer
Image Credit: PhonePe

PhonePe is an online payment service app through which you can pay bills for shopping of any goods, not in cash, you can use PhonePe App from your mobile.

The PhonePe app also offers a digital wallet. Many big and small shopkeepers in India also use PhonePay wallet to receive their payment. So this gives direct benefit to the users, if users are using PhonePay wallet, then they do not need to carry cash.


They can also pay with their PhonePay wallet. Another thing is that you are not just taking advantage of paying but also you get some amount as a reward on payment. Meaning you are also paying for the goods, but in return you get some amount as cashback. Within the coming few years, India will become completely cashless inside. In which there is a huge contribution of PhonePe Wallet somewhere.

How to create an account on PhonePe

It is very easy to create an account on PhonePe. I will tell you some steps, you should watch that step carefully and if you follow the same thing, then within 1 minute you can create your profile on PhonePe.

Create A New Account

  • Download and install the PhonePe app from the App Store on your mobile.
  • After downloading, on opening the app on the phone, you will be asked for a mobile number, remember that you add the same mobile number which is linked to your bank account.
  • A verification OTP will come on whatever mobile number you have given. Verify your mobile number by entering OTP.
  • After the mobile number is verified, you will come to the home screen on the phone.
  • Go to your profile. Now upload your images by clicking on the blank profile circle and after that you will see the option of "edit details".
  • By clicking on "Edit Details", you fill your name and email id and click on "Update Change".
  • Then to verify your email ID, you open your mail inbox and verify the phone mail verification mail that came in it and verify your account.
  • Finally you have created your profile, now you need to activate your phonepe wallet.

Activate PhonePe Wallet

To activate PhonePe Wallet, you will need to complete a small KYC verification.

For which you can use any one of the following document list.
  1. Pan Card
  2. Passport
  3. Voter ID Card
  4. Job id card
  5. Driving license

Now as soon as you click on your side for KYC verification, you will see the option of KYC details in the last.

Click on KYC details and then select the document with which you want to verify kyc with the help of your KYC verification process.

Finally, you have also activated PhonePe Wallet.

Also read: How to Earn more rewards from Google Pay App

How to link bank account to PhonePe

  • Open phonepe app
  • The option at the bottom has "My Money" button and click on it.
  • In the payment section, you will see click on the "Bank Accounts" button.
  • Click on "Add to bank account"
  •  Now select the bank in which you have an account.
  • Once you select the bank account, as soon as you click the Continue button, your bank account gets connected to PhonePe in a few seconds.
  • Now you need the UPI PIN for the transaction, and as soon as your account is linked on the phone, you will see the option of "Reset UPI PIN" at the same place and click on it and set your UPI PIN.

Congratulations 🎉🎊, you have correctly linked your bank account by PhonePe, now you can pay your bill, recharge, book movie ticket or flight ticket from your PhonePe app.

Also read: Complete Guide of Paytm Mobile Recharge & UPI Payments

How can you earn money by inviting a friend through PhonePe

According to the financial terms of PhonePe, you can earn up to ₹ 10000 Reward annually with a PhonePe ID.

If you also want to turn on the record for 10 years, then the best way is to share the invoice link of PhonePe with your friend and relative. And if any person installs the app on the phone through your invite link, then you get a reward of ₹ 100 to ₹ 1.50 as a referral bonus which gets deposited in your direct bank account. So it is a wonderful thing and if you do not know where to get the invoice link, below I have told step by step. You can copy the invite link from your PhonePe app in the same manner and share it on every social network.

 Open "PhonePe" app>> click on the "Refer and Earn" icon >> click on the "More" Button >> copy the link by clicking on the "Copy link" >> Now share it wherever you want to share your link

                PhonePe App Information                

App namePhonePe

TypePayment App


Latest update TimeSeptember 27, 2020

How much Downloaded100+ Million

App's OwnerFlipkart

Date of ReleaseAugust 29, 2016

User's  ReactionGreat

Download to PlayStoreLink 1

Download to WebstoreLink 2


#PhonePe  #PaymentApp  #UPI