Advantages of PhonePe:
- It is a digital wallet and UPI-based payment app that allows users to make payments and transfer money directly from their bank accounts.
- It has a user-friendly interface and is easy to navigate.
- It offers a wide range of services such as mobile recharge, bill payments, and online shopping.
- It has a feature of cashback on various transactions.
- It also provides a virtual debit card for online transactions.
Disadvantages of PhonePe:
- It is not widely accepted as a mode of payment in physical stores.
- The app has had technical glitches in the past, causing inconvenience for users.
- It only works with linked bank account, which means it cannot be used for transactions where cash deposit is required.
- Cashback and offers are subject to change without notice.
- It is currently not available for all countries.
The Main Problem lies in Fraud Transactions and Data Collection. Beware before installing it !!!!