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Wire · technology

Digital Payments without Internet: PhonePe Launches UPI Service for Feature Phones

31 August 2026 · By · Wire by Fusion42

Published

31 August 2026

Topic

technology

◆ Sectors

Fintech

◆ Geography

India

◆ Source

Read at ground.news →

◆ Verified

Fusion42 · 31 August 2026 · Fusion42 review

PhonePe has launched a new SMS-based UPI payment service, 123Pay, aimed at over 200 million feature phone users in India, enabling digital payments without internet connectivity. The service supports peer-to-peer and merchant payments, includes AI-powered multilingual support, and is pre-installed on devices from major manufacturers.

This Wire brief sits within Fusion42's coverage of Fintech.

◆ ◆ The Wire takeaway

You can now reach hundreds of millions in India who lack internet by supporting SMS-based UPI payments on feature phones. PhonePe removes a key barrier for digital transactions, opening a vast untapped market for payments and financial services.

◆ Coverage

1 source · 31 Aug 2026

◆ Related on Wire

◆ Topics

Fintechupidigital-paymentsfeature-phonessms-paymentsfinancial-inclusion