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How does UPI work in PhonePe?
UPI stands for Unified Payment Interface (UPI). It allows transfer of money from one bank account to another instantly via one’s mobile phone. Payments can be made via app on mobile device only. The money transfer via UPI works on 24×7 basis.
Can we withdraw cash from PhonePe?
Launch the PhonePe app on your phone. Tap on PhonePe Wallet in the Wallets/Gift Voucher section. Tap the Withdrawal tab at the top of the screen. Drag the wallet icon down and drop it on your bank icon.
How can I withdraw money from my UPI ID?
Open iMobile Pay, click on ‘UPI Payments’ and go to ‘Pay to Contact’ Enter the mobile number of the person you wish to send the money to and select the UPI ID. Enter the amount, click on ‘Submit’ and enter your 4-digit PIN to complete the money transfer.
How can I withdraw money from ATM using PhonePe?
How to Withdraw Money using PhonePe ATM?
- Open the PhonePe App.
- Go to the store tab.
- Select PhonePe ATM icon.
- Select the withdraw option at the store.
- transfer the amount to the merchant via the Phonepe app.
- Merchant will give an equivalent amount in cash\
Is UPI safe in PhonePe?
UPI payments are highly secure! PhonePe runs on UPI which is built over IMPS. UPI takes IMPS a few steps ahead in terms of security, application, and convenience. Also it is an easy alternative to cash and e-wallets.
Is payment through UPI safe?
Congratulations! UPI is one of the most secure platforms for cashless transactions and is supported by certain safety features, like: Your mobile number is verified during the registration. It attaches your bank account to your number, making it a point of identification.
Where is Withdraw option in PhonePe?
Tap on My Money. Tap on PhonePe Wallet in the Wallets/Gift Voucher section. Tap the Withdrawal tab at the top of the screen. Drag the wallet icon down and drop it on your bank icon.
How do I transfer money from PhonePe to PhonePe?
Tap To Mobile Number or To Bank/UPI ID under the Transfer Money section on the PhonePe app home screen. Search and select a contact name, number, or a UPI ID within the Search number, name or UPI ID bar. Enter the amount you wish to send, and tap Pay or Send.
How can I transfer money from UPI to PhonePe?
To send money to a friend’s UPI ID on PhonePe:
- Tap Bank/UPI ID under Transfer Money section of the app home screen.
- Enter the receiver’s UPI ID in the search bar.
- Select a UPI ID of one of your contacts or tap Verify after entering the ID.
- Enter the amount.
- Tap Send.
Can I transfer money from PhonePe to my bank account?
With the PhonePe app, you can make mobile recharge, utility payments, online money transfer, mobile recharge, buy gold online and do much more. Moreover, if are a fully KYCed customer of PhonePe Wallet, you can also transfer your PhonePe wallet balance into your bank account.