PhonePe Business: Merchant App

0.5.43

Finance

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.

Download APK TELEGRAM YOUTUBE

0/5 Votes: 0

Report

Developer
PhonePe

Updated
Aug 4, 2024

Size
15.6 MB

Version
0.5.43

Requirements
6.0

Downloads
50,000,000+

Get it on

Report this app

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, you can instantly download the payment QR sticker & start accepting digital payments at your store. You can also order free QR stickers & have 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.