Economy
PhonePe Extends UPI Payments to Feature Phone Users
The Times of India2h
THE BRIEF
1
PhonePe has expanded its UPI 123Pay services to over 200 million feature phone users, enabling digital transactions without the requirement of an internet connection.
2
The platform now allows users to perform financial calculations, including estimating monthly loan installments, SIP investment returns, and maturity amounts for PPF and FD accounts.
3
Users can also utilize the integrated tools to calculate pension amounts and corpus accumulation under the National Pension System (NPS) directly through their feature devices.