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Shri Ramswaroop Memorial University Lucknow: Presented by

This document is a presentation about the digital payments app PhonePe. It provides an introduction to PhonePe, highlighting that it was founded in 2015 and is based on UPI payments. The presentation outlines PhonePe's timeline and growth, its applications like bill payments and money transfers, advantages like support for multiple languages and fast transactions, disadvantages like security issues and transaction delays, challenges in adoption and competition, alternative apps, and concludes that PhonePe is a convenient all-in-one app but has transaction limits like other payment apps.

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Shailesh Kumar
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116 views12 pages

Shri Ramswaroop Memorial University Lucknow: Presented by

This document is a presentation about the digital payments app PhonePe. It provides an introduction to PhonePe, highlighting that it was founded in 2015 and is based on UPI payments. The presentation outlines PhonePe's timeline and growth, its applications like bill payments and money transfers, advantages like support for multiple languages and fast transactions, disadvantages like security issues and transaction delays, challenges in adoption and competition, alternative apps, and concludes that PhonePe is a convenient all-in-one app but has transaction limits like other payment apps.

Uploaded by

Shailesh Kumar
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
You are on page 1/ 12

 

PRESENTED BY:
NAME - KUSHAGRA SINGH
MBA-11 SEM-1
ROLL NO:202110702010022
SUBMITTED TO- NIDHI SHUKLA 

SHRI RAMSWAROOP MEMORIAL UNIVERSITY


LUCKNOW
CONTENTS
 Introduction
 Timeline
 Applications 
 Advantages
 Disadvantages
 Challenges 
 Other alternatives
 Conclusion 
 Bibliography
INTRODUCTION

 PhonePe is an Indian digital payments and financial services company headquartered in Bangalore,
India.
 PhonePe was founded in December 2015, by Sameer Nigam, Rahul Chari and Burzin Engineer.
 The PhonePe app, based on the Unified Payments Interface (UPI), went live in August 2016.
 PhonePe is licensed by the Reserve Bank of India for issuance and operation of a Semi Closed
Prepaid Payment system with Authorization Number: 75/2014 dated 22 August 2014.
 The PhonePe ATM allows neighborhood Kirana stores to dispense cash in real-time to customers.
TIMELINE

 2016 -Flipkart acquires PhonePe


• The PhonePe app goes live
 2017- Becomes 1st UPI based app to cross 10 million app downloads
Rated the #1 Finance App on Apple App Store & Google Play Store
 2018 -Launches Micro-apps on the platform
Wins the NPCI award for excellence as a BHIM UPI Merchant
 2019-Crosses 2 billion transactions on the app
Wins the ‘Best Mobile Payment Product or Service’ at the 9th IAMAI India Digital
Awards.
Ranks amongst Top 10 most trusted Digital Brands in India by Brand Equity
APPLICATIONS

 Recharge & Bill Payments


 PhonePe also offers you an e-wallet for an easy payment
option. 
 You can transfer money from your linked bank account to any
other bank account in India Instantly using IMPS any time for
free.
 PhonePe will let you create a Virtual Payment Address (VPA)
after linking your bank account and using that UPI (Unified
Payments Interface) ID (e.g., yourname@ybl), you can send and
receive money from and to your bank account.
ADVANTAGES
 Payment of utility bills, payment of wage, and a payment request from clients can all be done
through this app.
 A faster and much more secure method of transaction is also available from the app. Direct
transfer of funds from the user’s account to PhonePe wallet eliminates the need for an account
or card linking.
 PhonePe offers users several options to choose from for their payments. UPI, bank accounts,
credit cards, and debit cards can all be linked to the app
 The app supports both English and Hindi languages as well as Marathi, Tamil, and Bengali.
 Merchants will find the app useful for their business as well since store transaction is
available through the PhonePe’s dedicated POS device. The buyers need not queue in line on
the register any more to pay for the items they bought and the sellers are able to serve more
customers at a time.
DISADVANTAGES
 Because when you tap on the PhonePe app on your mobile, the dashboard opens without any
authentication. It neither ask your PIN nor password to open.
 When you pay with the app, it will appear that processing is still in progress. And it lasts for a
long time. Due to technical problems, it can take up to 3 days.
 It also happens when you pay to a merchant, the message is displayed, payment successful.
Your account is also debited for that number, but the receiver account is credit less. In certain
cases, credit processing can take up to 24 hours. It frequently causes you emotional distress.
 The ticket should be booked through the phone app the problem arises when there is a refund
issue of the cancelled ticket.
 Phonepe does not give you interest in your wallet deposit. Other UPI apps that have wallet
facilities do not give interest as well.
CHALLENGES

 Difficulty in adoption of change.

 Unacceptance due to fail of security breach and fraud.

 Competition from credit and debit cards.

 Trade mark infringement case filed by PayPal.

 Transactional and performance issues.


OTHER ALTERNATIVES
 paytm – This Indian payment app is as popular as phonepe
nowadays. It offers a variety of services just like phonepe.
 Bajaj Fiserv app – This app is a new entrant in the realm bill
payment apps. Nonetheless, it is a very good alternative to
Paytm. It allows mobile recharges, utility bill payments,
money transfer etc.
 Payzapp – Recharges, money transfer, payments etc.
everything is hosted on this app developed by HDFC.
 MobiKwik – This app is also one of the earliest entrants as a
Payments app. It gradually became as popular as Paytm. You
can recharge your mobile, subscriptions, transfer money, pay
bills etc.
CONCLUSION

PhonePe is a payment app that encompasses different aspects as well. One can book flight tickets
through online travel apps without installing the other app or moving out of PhonePe App. This
increases the convenience of individuals. It is an all-in-one app. However, just like other payment
apps, it also comes with a maximum limit on the quantum of transactions that is possible through the
app in 24 hours. As you may not able to carry large transactions in a single day, it is important to note
the maximum amount that can be transferred through the PhonePe app.   
BIBLIOGRAPHY

 https://onlineaccountopen.in/learning-center/phonepe-the-payment-app-and-more/
 https://blog.phonepe.com/request-money-fraud-what-it-is-how-you-can-stay-safe-6
543cb1c6ecb
 https://www.republicworld.com/technology-news/apps/phonepe-is-from-which-co
untry-know-all-about-this-payment-app.html
THANK YOU 
,

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