How to transfer Money with PhonePe

PhonePe is one of the leading UPI apps in India. This UPI-based platform ensures that every transaction is safe from hackers, making their users financial details secure. It is a convenient tool for many business transactions. PhonePe offers users several options to choose for their payments. UPI, bank accounts, credit cards, and debit cards can all be linked to the app, making it a flexible payment method that ensures each source does not have an issue and good to go. Through PhonePe UPI app, you can send and receive money instantly using a VPA (or Virtual Payment Address). With the PhonePe app you can split bills too.

All payments happen over secure banking networks and the app does not store any user data or passwords. With PhonePe, you can easily make big transactions. You are allowed you to spend a maximum of ₹1 lakh per transaction. That’s both huge and convenient. PhonePe makes it easy & affordable for you to get discovered and accept digital payments and transactions. The best part is that you don’t have to keep any money in PhonePe wallet, transactions can be done directly from your bank account. It is very reliable and secure.

To transfer money smoothly and fast you can follow the steps mentioned below:

  1. Hit send on the main screen.
  2. Choose a bank account or a VPA contact you want to send money to.
  3. Enter the amount.
  4. Choose your bank from which you want to pay.
  5. Send.

You can also transfer money to your friend or any merchant by using their QR code.

  • Simply scan the QR code using your smartphone’s camera. You can access it from the bottom of the main app screen.
  • To view your QR code, swipe from the left and select ‘My QR Code’ from the list.

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