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How to Request Money on Phonepe? | Money Request Options of UPI APP Phonepe

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How to Request Money on Phonepe

Founded in December of 2015, PhonePe is an Indian digital payments and financial services company with a headquarters in Bangalore. PhonePe is available in eleven languages and employs the Unified Payments Interface (UPI).

PhonePe allows users to send and receive money, reload mobile phones, DTH receivers, and data cards; pay bills; trade-in tax-saving funds; purchase insurance, and buy mutual funds and gold funds. If you are wondering how to request money on PhonePe, just tune in and follow the steps.

Step by Step Guide on How to Request Money

Go through the steps listed below to know how to request money via UPI App Phonepe. They are along the lines

  • Step 1: Open the PhonePe application, and then on the left-hand side, click “To Bank/UPI ID”.
  • Step 2: The next page will appear, and then click on “UPI ID” to the right.
  • Step 3: You will then be redirected to a page where you need to enter the beneficiary’s ID.
  • Step 4: You can enter the UPI Id of that person regardless of the application that they use.
  • Step 5: After adding the name of the beneficiary, that person’s UPI ID will be verified.
  • Step 6: Now you can see two options: on the left, the “send” option will be visible, and on the right, the “request” option will appear.
  • Step 7: Now, you may request money using the PhonePe application, which will be visible to you.

In the initial versions of the app, the request option was available, but due to numerous fraudulent requests, the request option is not available anymore. The latest version includes some specific requests that ask for UPI IDs of friends, which will ensure less fraud.

PhonePe is used at approximately 17.5 million offline and online merchant outlets in India as a payment method. The Switching platform of PhonePe lets customers book Ola rides, pay for bus tickets, and book easy flights and hotels.

Do Refer: How to Transfer Money from Amazon Pay to Bank Account

How to Request Money on Phonepe? | Phonepe Money Request Options

FAQs on Phonepe Money Request Options

1. Is it safe to use PhonePe?

Yes, it is completely safe to use PhonePe, as it is backed by the security services of Yes Bank.

2. Is PhonePe Approved by RBI?

Yes, PhonePe is approved and licensed by RBI ( Reserve Bank Of India) as of 22 August 2014.

3. Is it easy to request money on PhonePe?

Using PhonePe is very easy, you just need to sign in and verify your account, once it is done you can easily access all the features available on PhonePe.

Conclusion

We have provided you with all the details that are required to request money on PhonePe. The best feature of PhonePe is that it allows you to make a payment request as well. For people who operate their businesses online, this feature is particularly helpful, as it simplifies the process of preparing invoices. If you are interested you can check out the article Top ways to make money online with Google.

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