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Wire · technology

PhonePe Launches UPI 123Pay For Feature Phones, Boosting Financial Inclusion

31 August 2026 · By · Wire by Fusion42

Published

31 August 2026

Topic

technology

◆ Sectors

Fintech

◆ Geography

India

◆ Source

Read at m.rediff.com →

◆ Verified

Fusion42 · 31 August 2026 · Fusion42 review

PhonePe has launched UPI 123Pay, enabling over 200 million Indian feature phone users to perform UPI digital transactions without internet via an SMS-based system, advancing financial inclusion.

This Wire brief sits within Fusion42's coverage of Fintech, and 20 sources have reported it between 31 Aug 2026 and 13 Sep 2026.

◆ ◆ The Wire takeaway

You can now reach over 200 million non-smartphone users with reliable digital payments via SMS, bypassing internet dependency. Phone makers bundled with this service open a clear path to massively grow your payment user base.

◆ Coverage

20 sources · first reported 31 Aug 2026 · latest 13 Sep 2026

◆ Topics

Fintechupifeature-phonesfinancial-inclusiondigital-paymentssms-technology