Before Knowing about PhonePe we have to know about What is BHIM UPI?
BHIM UPI (Unified Payment Interface) is a mobile payment mode that enables you to make instant money transfers directly between two bank accounts. Additionally, you can also make payments merchants who accept BHIM UPI as a payment mode for transactions.
PhonePe is a Fin-Tech company which provides online payment system based on Unified Payments Interface (UPI), which is a new process in electronic funds transfer launched by National Payments Corporation of India (NPCI).
How to Register in PhonePe:
- First of all Download PhonePe (Click Here to Download) from Play Store.
- Then Click on Register Tab and provide your Mobile No with E-mail.
- It will be automatically verify through an OTP.
- Open menu by tapping on the
icon at top right corner of the screen. - Go to "Bank Accounts" section. All your bank accounts linked with PhonePe will be shown in this section
- Select the bank account for which you want to set a UPI Pin. You will see a "SET" option in case you have never set a UPI Pin for the bank account. Otherwise you will see a "RESET" option to set a new UPI Pin for the bank account.
- Enter the " Last six digits " and "Expiry date" of your Debit/ATM card . Incase your card does not have an expiry date, then try entering "00/49"
- You will receive an OTP from your bank. In the next screen, enter the OTP received from your bank and the new UPI Pin you want to set for the account and click submit.
- You have successfully set a UPI Pin for your bank account. You can now send money and make payments directly from your bank account in the PhonePe app by authenticating using your UPI Pin.
[embed]https://www.phonepe.com/how_to_pay/videos/Set_Reset_UPI_PIN.mp4[/embed]
