UPI 123Pay: PhonePe Brings UPI to Feature Phones
Why in the news
Fintech firm PhonePe rolled out UPI 123Pay, aimed at users whose handsets cannot get online. The idea is to bring basic digital payments to people still on feature phones.
Key facts
- UPI 123Pay is PhonePe’s offering for feature phones that lack internet access.
- Technology: an SMS-based architecture, built for patchy or 2G networks.
- Payment types: P2P (person to person) and P2M (person to merchant).
- Other services: balance check and transaction history.
- Support: a voice helpline driven by AI, usable in English as well as 12 Indian languages.
Significance
- Extends UPI to handset users who have no data connection or smartphone.
- Voice support in many languages lowers the language barrier for first-time digital users.
Exam angle
- Launched by: PhonePe; product name: UPI 123Pay.
- Related terms: P2P, P2M, feature phone, SMS-based UPI.
- Language support: English and 12 Indian languages through an AI voice helpline.