PhonePe Business: Merchant App

The PhonePe Business App is your gateway to a digital payments acceptance network spanning 3.8 Crore merchants! You can set up your business account & accept payments, track transactions, receive settlements, apply for a loan & much more.

Once your account is activated, download the payment QR sticker & start accepting payments from Google Pay, Paytm, BHIM, BharatPe, Amazon UPI etc. Order free QR stickers & get them delivered to your store, across India.

Key Benefits of PhonePe Business App

Easy payment acceptance:

Use the PhonePe QR to accept payments from all BHIM UPI apps. The PhonePe QR also supports other payment modes like Credit & Debit Card & Wallets.

Get instant help:

Resolve queries using our user-friendly Chat Bot in the Help section. You can also reach out to our helpdesk on the PhonePe Business app.

Direct settlement into your bank account:

Money is transferred safely & directly into your bank account instantly or next morning. You can also use our ‘SettleNow’ feature to receive money in your bank account any time during the day.

Real-time transactions & payments tracking:

Check your transactions & settlements easily in the History section on the PhonePe Business app.

Get Instant Loan for Merchants:

The PhonePe Business app provides online loans to MSMEs. Get a loan on PhonePe & move a step closer to growing your business.

Merchant Loan Highlights:

- Attractive interest rates with up to 30 months tenure

- Instant digital loan with 0 paperwork

- Online loans from INR 50,000 to INR 5,00,000

- Easy repayment option with EDI - Easy Daily Installments

- EDIs deducted from daily transactions collected via customer payments on PhonePe

- 100% trustworthy loans, offered by RBI-regulated PhonePe lending partners authorized to offer credit products

- Multiple lenders & option to select the best offering at competitive interest rates

- Low processing fees & no other hidden charges

- Daily updates about your Loan on the PhonePe Business app

- Option to foreclose Loan any time

Online Loan Eligibility:

The eligibility criteria for business loans for merchants are:

Accept payments on PhonePe QR for more than INR 15,000 per month

Be an active merchant, accepting payments on PhonePe QR for 3 months or more

*Merchant loans are offered at the discretion of our lending partners & the criteria above may change on a case-by-case basis

Documents required:

Details to be shared are as follows:

- Date of Birth

- PAN

- Aadhaar Number

*Business or Bank account details are NOT needed for loans up to INR 5 lakhs; may change as per our lender policies.

Steps to avail:

- Choose loan value & interest rate

- Enter details such as Date of Birth, PAN, & Aadhaar Number

- Click a selfie, & complete KYC digitally

- Set-up Auto-pay on your account

More about the loan offerings:

- Min. Tenure: 3 months

- Max. Tenure: 30 months

- Max. rate of interest charged: 30% flat p.a.

Example: For total cost of the Loan, including the principal amount & all applicable fees:

- Principal loan amount: Rs. 15,000

- Flat Interest Rate: 18% p.a.

- Processing Fees: 2%

- Tenure: 3 months

Then,

- Total interest amount payable: Rs. 675

- Total processing fee amount payable: Rs. 300

- Total cost to the user: Rs. 15,975

Our RBI registered NBFCs partners

- Innofin Solutions Pvt Ltd

- Aditya Birla Finance Limited

- PayU Finance India Private Limited

Upgrade customer payment experience at your store with PhonePe’s payment devices.

PhonePe POS Device:

Place an order for your POS Device on the app & accept payments via UPI, Debit & Credit Card, Wallet, & other modes. Pay nominal monthly rental & enjoy industry-leading MDR rates. Learn about charges on the App.

PhonePe Smart Speaker:

Order a SmartSpeaker on the app, install it at your store & get instant payment notifications in select regional languages. Surprise customers with payment alerts in the voice of celebrities.