PhonePe, BharatPe on expansion mode

Chennai: PhonePe announced that it has onboarded all the 73 electricity boards (both public and private sector) across 28 States and eight Union Territories in the country. This enables over 250 million PhonePe users to pay their electricity bills on the app seamlessly.

Ankit Gaur, director of business development, PhonePe said, “there has been an over 40 per cent increase in the volume of electricity bill payments in October 2020 over the corresponding period last year.”

Meanwhile, BharatPe has announced the roll out of its financial services in the city of Chennai.

“BharatPe will be offering its one-of-a-kind interoperable UPI based QR payment acceptance with zero transaction fees. It will also roll out loan products for small and medium businesses in the city, with the objective of helping them grow their business,” it said.

 

NT Bureau