PhonePe users alert! Exciting cashback offer – Check how to avail money benefits

PhonePe users alert! Exciting cashback offer – Check how to avail money benefits

Digital payments platform PhonePe has announced an exciting offer for its users. The users can now recharge their mobile phones and 1000 lucky ones will get flat Rs 50 cashback. The offer will be valid only for prepaid mobile users on 23rd August and 30th August (Sundays) during the 4-6 PM window.

To avail this offer, users just need to follow the simple steps below:-

● Log in to your PhonePe app (on Android & iOS) and go to the homepage

● Click on Mobile Recharge icon under the Recharge & Pay Bills section

● Select or enter a prepaid mobile number

● Enter the amount or select the best plan (from “View Plans” section) for the recharge

● Make the payment using BHIM UPI (In case you hold a wallet balance, it will be automatically used for paying)

There is no minimum transaction amount required to avail of the offer. The cashback can be used for recharges, bill payments and payments on PhonePe partner platforms/stores.

Earlier, PhonePe had said that it has seen over 150 per cent growth in loan EMI repayments category on its platform since March this year. The loan EMI repayment category provides users with the convenience of making repayments at will or by setting up an auto-debit on a specified date. PhonePe says currently it has over 60 lenders integrated into its platform, including providers of microfinance, housing loans, consumer durable loans and short term liquidity loans, among others.

“The loan providers find our platform attractive given our user base of 200+ million across the country and seamless technology integration at the backend,” Ankit Gaur, Head of Online Business, In-app Categories & Switch BD, PhonePe, said in a statement. “We are actively working to expand our lender base to over 100 by the end of this year to cater to a larger number of users across the country.” PhonePe said it has already tied up with some of the nation’s biggest private non-banking lenders such as Bajaj Finance, Home Credit, Muthoot, DMI Finance, HeroFinCorp, Tata Capital among others.