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PhonePe launches payment gateway with zero setup

June 15, 2023

PhonePe launches payment gateway with zero setup
Entering the payment gateway services market in India, digital payments company PhonePe on Wednesday officially launched the PhonePe Payment Gateway with a special limited-period offer for new MSME merchants. 

Joining the club of existing payment gateways in the country viz., Paytm, Razorpay, PayU, Pine Labs, CCAvenue, Bill Desk, CashFree and more, PhonePe said it is offering free onboarding to new merchants with no hidden charges, setup fees, or annual maintenance fees while most payment gateways charge a standard transaction fee of 2 per cent.
 
According to the company, the free services could help merchants who have a monthly sales volume of ₹1 crore save up to ₹8 lakhs and potentially around ₹2 lakh per month with zero onboarding costs. 
 
“PhonePe is already a market leader in UPI with over 50 per cent market share by value. The company’s ability to handle large-scale transactions and the strong consumer trust in the platform have translated into PhonePe launching its Payment Gateway business to provide the best-in-class payment experience to consumers and merchants alike,” the company said in a statement. 
 
The company’s payment gateway offers a no-code setup for integration across all platforms and helps merchants accept online payments across Android, iOS, mobile web, and desktop.
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