PhonePe enters into a strategic alliance with Airtel Money
- Airtel money now available on the PhonePe App
- PhonePe aims to be a one-stop payments container for all customer needs
India, May 2nd, 2018: PhonePe, India’s fastest growing payments platform has entered into a strategic partnership with Airtel Money, the mobile wallet from Airtel Payments Bank.
The partnership will enable customers to link their existing Airtel Money Wallets to the PhonePe app, allowing them to make transactions at all online and offline merchant accepting PhonePe payments container. This is a part of PhonePe vision to become a truly open payments platform.
Commenting on the partnership, Hemant Gala, Head Banking & Payment, PhonePe said, “We are pleased to partner with Airtel Money and provide its customers the option to make digital transactions using their wallet on PhonePe. Building payments through partnerships has been a key element of our strategy and we continue to work on the same. Partnership with Airtel offers great opportunity to extend our customer & merchant reach to Airtel customers.”
In order to pay via Airtel Money on PhonePe, customers can link Airtel Money from ‘My Account>Wallets’ section and add Airtel Money as an option. Airtel Money will trigger an OTP and validate the customer before the wallet links to PhonePe. Customers can choose to use their Airtel Money balance along with the PhonePe wallet balance/other instruments for payments.
“We are delighted to integrate Airtel Money with PhonePe and offer users the opportunity to make seamless digital payments through our platform at over 3 lakh online and offline merchants. We believe such partnerships will be crucial for driving the next phase of growth in digital financial payments in India.” said A Ganesh, COO, Airtel Payments Bank
PhonePe is currently live across more than 60,000 online and offline merchants including MakeMyTrip, PVR, Cleartrip, 1MG, FreshMenu, Faasos and Abhibus and most national offline chains like Café Coffee Day, Apollo Pharmacy, KFC, Barista, Spencer’s, FoodWorld etc. Wallets like FreeCharge and JioMoney are also available on the PhonePe app.
Bengaluru-headquartered PhonePe is the fastest growing payments company in India. With over 90 million installs, the PhonePe App drives the highest number of merchant UPI transactions in India. Using PhonePe, users can send and receive money, recharge mobile, DTH, datacards, make utility payments, buy gold and shop online and offline. Customers can also use PhonePe as a payment option across 3 lakh offline and online merchant outlets covering food, travel, groceries, movie tickets etc.
For more details, please visit https://www.phonepe.com or download the PhonePe app.
About Airtel Money
Launched in 2012, Airtel Money wallet enables quick and easy digital payments for users. It is accepted across all major Online and offline shopping platforms and is one of the most popular mode for prepaid mobile recharges, postpaid mobile and broadband bill payments, in addition to ease of paying utility bills such as electricity, gas and insurance premium. Airtel Money is also integrated with UPI, offering added convenience to customers.
For more details: [email protected]