PhonePe launches Smart Speaker for reliable & convenient payment tracking at stores

National, August 4th, 2022: PhonePe, India’s leading fintech platform announced the launch of its Smart Speaker for reliable and convenient payment tracking at stores. The Smart Speaker has currently been launched in 8 cities, and over 100k devices are already being used by PhonePe merchant partners. 

The PhonePe Smart Speaker provides payment notifications in 11 Indian languages, comes with upto 4 days of battery life, doorstep installation at just Rs.50 as an initial set-up cost and a low monthly rental of Rs. 50/month. As part of the launch offer, both the initial set up and the monthly rental is available at just Re.1, provided the merchant does more than 25 transactions per month. The device also comes with lifetime free replacement against any manufacturing defects. 

Speaking on the launch Vivek Lohcheb, Head of Offline Business at PhonePe said, ’’At PhonePe we are constantly building new offerings to make it easier for our merchant partners to run and grow their business. We are excited to launch the Smart Speaker and are rolling it out Pan-India. We have kept the setup and installation costs highly affordable as our goal is to make the Smart Speaker accessible to every merchant across India.’’

About PhonePe:

PhonePe was founded in December 2015, and has emerged as India’s largest payments app, enabling digital inclusion for consumers and merchants alike. With 390+ million registered users, one in four Indians are now on PhonePe. The company has also successfully digitized 30+ million offline merchants spread across Tier 2,3,4 and beyond, covering 99% pin codes in the country. PhonePe forayed into financial services in 2017, providing users with a safe and convenient option to buy 24-karat gold, and has recently also launched silver on its platform. Since then, PhonePe has introduced several Mutual Funds and Insurance products like tax-saving funds, liquid funds, international travel insurance, life insurance, COVID-19 insurance amongst others. Using PhonePe, users can also send and receive money, recharge mobile, DTH, pay at stores and make all their utility payments. PhonePe was recently recognized as the Most Trusted Brand for Digital Payments as per the Brand Trust Report 2022 by Trust Research Advisory (TRA).

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