UPI payments service PhonePe has launched its latest feature as a pilot in Delhi NCR where users can now transfer money to a merchant via the app and get cash equal to the amount transferred in return. There will be no additional charges for the same.
At present, the users can withdraw up to Rs 1,000 per day, however once launched, the withdrawal limit for customers will be the limit set by their respective banks. (Source)
Aarzoo is an author at Entrackr who tries to bring in an unbiased perspective while writing about the budding Indian startup ecosystem. Along the way, she also analyses the companies, their numbers, and compiles them. A graduate in Economics from Lady Shri Ram College for women, a will to explore the emerging businesses drives her the most. Connect with her at [email protected].
Entrackr is a new age media platform for entrepreneurs, startups and technology enthusiast Read More >
