No smartphone, no internet? PhonePe launches new UPI service for feature phone users

PhonePe has launched UPI 123Pay, an SMS-based digital payment service for feature phone users in India, enabling transactions without internet access and partnering with handset makers to pre-install the app. This aims to bring over 300 million new users into the digital payment ecosystem, supporting peer-to-peer transfers, QR code payments, and bank account management.

This Wire brief sits within Fusion42's coverage of Fintech, and 14 sources have reported it.