PhonePe Business: Merchant App 0.5.73

The PhonePe Business App serves as a platform for merchants to access a wide-ranging digital payments network encompassing 3.8 Crore vendors. With this app, users can establish a business account, accept payments, monitor transactions, receive settlements, apply for loans, and access various other functionalities.

Upon activation of the account, users are able to swiftly download the payment QR sticker and commence accepting digital payments at their establishments. Additionally, users have the option to request complimentary QR stickers which will be conveniently delivered to their stores across India.

Key Benefits of PhonePe Business App:

• Easy payment acceptance: Users can utilize the PhonePe QR to receive payments from all BHIM UPI apps. The PhonePe QR is also compatible with other payment modes such as Credit & Debit Cards and e-wallets.
• Instant customer support: Users can resolve queries utilizing the user-friendly Chat Bot in the Help section or by contacting the helpdesk directly through the PhonePe Business app.
• Direct settlement in bank account: Money is securely and promptly transferred directly into user's bank accounts either instantly or by the next day. Users can also utilize the ‘SettleNow’ feature to transfer funds to their bank accounts at any time during the day.
• Real-time transactions and payment tracking: Users can easily monitor their transactions and settlements through the History section on the PhonePe Business app.
• Instant Loans for Merchants: The PhonePe Business app facilitates online loans for MSMEs, aiding businesses in furthering their growth opportunities.

Merchant Loan Highlights:

• - Attractive interest rates with up to 30 months tenure
• - Instant digital loan with zero paperwork
• - Online loans ranging from INR 50,000 to INR 5,00,000
• - Easy repayment option with EDI - Easy Daily Installments
• - Transparent loans extended by RBI-regulated PhonePe lending partners offering credit products

Online Loan Eligibility:

The eligibility criteria for business loans for merchants stipulate that users must accept payments on PhonePe QR amounting to more than INR 15,000 per month and must have been actively accepting payments on PhonePe QR for a minimum of 3 months.

Documents Required:

• - Date of Birth
• - PAN
• - Aadhaar Number

Steps to Avail Loan:

• - Select loan value and interest rate
• - Fill in details such as Date of Birth, PAN, and Aadhaar Number
• - Capture a selfie and complete KYC digitally
• - Set up Auto-pay on your account

More about the Loan Offerings:

• - Minimum Tenure: 3 months
• - Maximum Tenure: 30 months
• - Maximum interest rate charged: 30% flat p.a.

Total Cost Example:

List of RBI registered NBFCs Partners:
- Innofin Solutions Pvt Ltd
- Aditya Birla Finance Limited
- PayU Finance India Private Limited

Elevate customer payment experience at your establishment with PhonePe’s payment devices.

PhonePe POS Device:

Users can order a POS Device within the application allowing them to accept payments through UPI, Debit & Credit Cards, Wallets, and various other modes. Enjoy industry-leading MDR rates at a nominal monthly rental cost. Detailed information regarding charges can be found within the app.

PhonePe Smart Speaker:

An order for a Smart Speaker placed via the app enables users to install it at their store for instantaneous payment notifications in select regional languages. Delight customers with payment alerts voiced by celebrities.