BusinessFinance

PhonePe Business: Merchant App

Name: PhonePe Business: Merchant App
Rating: 3.14 (3297 reviews)
Author: PHONEPE PRIVATE LIMITED

Merchant UPI Payment, SME Loan

PHONEPE PRIVATE LIMITED · released 17 Aug 2019 · Open in App Store ↗

Revenue 30d $1,000 estimate, worldwide

Downloads 30d 37,500 estimate, worldwide

Rating 3.14 3,297 reviews

No in-app products collected for this app.

		Rating
India	100%3,297	3.14

Description

The PhonePe Business App is your gateway to a digital payments acceptance network spanning 3.8 Crore merchants! You can set up your business account & accept payments, track transactions, receive settlements, apply for a loan & much more.

Once your account is activated, download the payment QR sticker & start accepting payments from Google Pay, Paytm, BHIM, BharatPe, Amazon UPI etc. Order free QR stickers & get them delivered to your store, across India.

Key Benefits of PhonePe Business App

Easy payment acceptance:

Use the PhonePe QR to accept payments from all BHIM UPI apps. The PhonePe QR also supports other payment modes like Credit & Debit Card & Wallets.

Get instant help:

Resolve queries using our user-friendly Chat Bot in the Help section. You can also reach out to our helpdesk on the PhonePe Business app.

Direct settlement into your bank account:

Money is transferred safely & directly into your bank account instantly or next morning. You can also use our ‘SettleNow’ feature to receive money in your bank account any time during the day.

Real-time transactions & payments tracking:

Check your transactions & settlements easily in the History section on the PhonePe Business app.

Get Instant Loan for Merchants:

The PhonePe Business app provides online loans to MSMEs. Get a loan on PhonePe & move a step closer to growing your business.

Merchant Loan Highlights:

Attractive interest rates with up to 30 months tenure

Instant digital loan with 0 paperwork

Online loans from INR 50,000 to INR 5,00,000

Easy repayment option with EDI - Easy Daily Installments

EDIs deducted from daily transactions collected via customer payments on PhonePe

100% trustworthy loans, offered by RBI-regulated PhonePe lending partners authorized to offer credit products

Multiple lenders & option to select the best offering at competitive interest rates

Low processing fees & no other hidden charges

Daily updates about your Loan on the PhonePe Business app

Option to foreclose Loan any time

Online Loan Eligibility:

The eligibility criteria for business loans for merchants are:

Accept payments on PhonePe QR for more than INR 15,000 per month

Be an active merchant, accepting payments on PhonePe QR for 3 months or more

*Merchant loans are offered at the discretion of our lending partners & the criteria above may change on a case-by-case basis

Documents required:

Details to be shared are as follows:

Date of Birth

PAN

Aadhaar Number

*Business or Bank account details are NOT needed for loans up to INR 5 lakhs; may change as per our lender policies.

Steps to avail:

Choose loan value & interest rate

Enter details such as Date of Birth, PAN, & Aadhaar Number

Click a selfie, & complete KYC digitally

Set-up Auto-pay on your account

More about the loan offerings:

Min. Tenure: 3 months

Max. Tenure: 30 months

Max. rate of interest charged: 30% flat p.a.

Example: For total cost of the Loan, including the principal amount & all applicable fees:

Principal loan amount: Rs. 15,000

Flat Interest Rate: 18% p.a.

Processing Fees: 2%

Tenure: 3 months

Then,

Total interest amount payable: Rs. 675

Total processing fee amount payable: Rs. 300

Total cost to the user: Rs. 15,975

Our RBI registered NBFCs partners

Innofin Solutions Pvt Ltd

Aditya Birla Finance Limited

PayU Finance India Private Limited

Upgrade customer payment experience at your store with PhonePe’s payment devices.

PhonePe POS Device:

Place an order for your POS Device on the app & accept payments via UPI, Debit & Credit Card, Wallet, & other modes. Pay nominal monthly rental & enjoy industry-leading MDR rates. Learn about charges on the App.

PhonePe Smart Speaker:

Order a SmartSpeaker on the app, install it at your store & get instant payment notifications in select regional languages. Surprise customers with payment alerts in the voice of celebrities.