PhonePe Launches UPI Payments For Feature Phones

Walmart-owned fintech major PhonePe has launched UPI payments for feature phones, mobile phones that handle basic calling and text messaging, enabling them to make digital transactions without requiring an internet connection. With the launch, PhonePe claimed to have become the first major third-party application provider (TPAP) to extend UPI payments to feature phone users at scale. The company said that its new service, dubbed PhonePe UPI 123Pay, will bring UPI capabilities to more than 20 Cr