Boosting business efficiency: PhonePe’s PG Solutions help SMEs/MSMEs to scale

National, 27th June, 2024: On the occasion of World MSME Day,demonstrating a deep commitment to supporting the backbone of the Indian economy, PhonePe PG shared that it is already working with more than half of MSMEs in Tier 2 cities and beyond to enable PG solutions. This focus on empowering regional businesses fosters inclusive growth, helping these businesses scale faster.

While most payment gateways charge a standard transaction fee of 2%, PhonePe Payment Gateway has a special offer for new merchants to onboard for free, with no hidden charges, setup fees, or annual maintenance fees. Additionally, PhonePe Payment Gateway is reliable, ensures 100% uptime for merchants, and comes with the industry’s best success rates. It proactively detects downtimes and ensures stable success rates of transactions with real-time instrument health-tracking capability.

The PhonePe Payment Gateway is also preferred by merchants as it comes with a hassle-free, no-code setup for effortless integration across all platforms. It is compliant and ensures 100% secure transactions. MSMEs can also use Payments Link Solutions to collect payments easily through links that can be generated and shared with customers. They can send their customers payment links via WhatsApp, Instagram, SMS, email, or any other platform of their choice to collect payments with ease.

Speaking on the occasion, Ankit Gaur, Head, PhonePe Payment Gateway & Online Merchants said, “On this World MSME Day, PhonePe PG reiterates its unwavering commitment to empowering MSMEs and SMEs across India. We understand the unique challenges faced by businesses in Tier 2, Tier 3 cities, and beyond. By providing seamless payment solutions and fostering financial inclusion, we’re enabling them to reach new customers and markets that were previously inaccessible. We have a unique offering of zero transaction cost for the first three months since onboarding, to ensure more SMEs/MSMEs can adapt and use the convenience and security that payment gateways provide. For PhonePe PG, the commitment is to continue unlocking growth potential for businesses nationwide and contributing to a more vibrant national economy.”

To enable deeper connect with its merchants, PhonePe PG has also been running regular SME Connect Sessions across Ahmedabad, Pune, Jaipur, Kolkata, Hyderabad and Chandigarh. The Connect sessions for SMEs are part of a multi-city initiative by PhonePe which is planned across emerging cities. They provide a platform for senior leadership and key decision-makers across SMEs to delve into optimizing their online presence and leverage tech innovations to grow their business.

PhonePe Payment Gateway also recently announced the launch of its referral program. PhonePe PG Partner Program is designed for anyone helping a business grow online. As a referral partner, they can refer their clients to accept online payments from their customers and accelerate business growth. The program offers businesses one of the most competitive commission rates in the industry, which is applicable for every transaction, helping significantly boost their referral earnings.

About PhonePe Group:

PhonePe Group is India’s leading fintech company. Its flagship product, the PhonePe digital payments app, was launched in Aug 2016. In just 7 years, the company has scaled rapidly to become India’s leading consumer payments app with 540+ million registered users and a digital payments acceptance network of 39+ million merchants. PhonePe also processes over 260+ million daily transactions with an annualized Total Payment Value (TPV) of USD 1.5+ Trillion.

On the back of its leadership in digital payments, PhonePe Group has expanded into financial services (Insurance, Lending, Wealth) as well as new consumer tech businesses (Pincode – hyperlocal e-commerce and Indus App Store – India’s first localized App Store). PhonePe Group is an India headquartered technology company with a portfolio of businesses aligned with the company’s vision to offer every Indian an equal opportunity to accelerate their progress by unlocking the flow of money and access to services.

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