Difference between Phone pe app and yono SBI app
BHIM SBI Pay” is a payment application that allows account holders of all Banks participating in UPI to send and receive money . You can easily Pay online bill payments, recharges and shopping, etc. using their smartphones
SBI BHIM Pay provides the flexibility and high speed payments service to every user with 24X7 on all 365 days of the year.
You can transfer money using your BHIM SBI Payment app to your friend/relative by
SBI Virtual Payment Address (VPA).
The receiver of the money need not disclose his account number, IFSC code or any other such Banking details.
You can easily pay online bill payments, recharges and other online shopping, etc using your SBI BHIM pay. You can use one or more than one UPqI Pay app in your same smartphone.
you can use more than one UPI application on the same mobile and link same as well as different accounts in both the UPI apps.
In SBI BHIM Pay you cannot link a mobile wallet to BHIM SBI Pay/UPI. Only bank accounts can be added.
BHIM SBI Pay is available on Android and iOS phones
IMPS facilities for transfer of money from Sender to Receiver and the transaction is initiated by the Sender.
UPI facilities to transfer of money using both Push & Pull mechanism where the transaction can be initiated by Sender as well as Receiver.
Multiple Banks account can be linked to a Single APP for money transfer. SBI BHIM is Secured by single click two factor authentication.
MoYou can transfer funds using BHIM SBI Pay through various options like VPA, Aadhaar, scanning QR code, account number + IFSC etc.
No extra charges are paying for BHIM SBI Pay transactions.
Available rewards and offers can be availed.
You can carry out a maximum of 20 transactions in a day within the Rs.1 lakh limit.
You can transfer funds to a beneficiary without registering them.
BHIM SBI Pay is a UPI app from SBI for bill payment to money transfer. Since its launch five years ago, UPI payments have grown in April-May period when India went into a complete lockdown.
PhonePe was founded in December 2015, by Sameer Nigam, Rahul Chari and Burzin Engineer. The PhonePe app, based on the Unified Payments Interface (UPI), went live in August 2016. The Phone pe is a make in India mobile app for online transaction.
PhonePe is available in india is more than 11 Indian languages. Users can use PhonePe to send and receive money, recharge cell phones, pay bills, invest in tax-saving funds, liquid funds, buy insurance, mutual funds, and gold. Users can also use PhonePe's Switch platform to book Ola rides, pay for Redbus fares, and book flights and hotels on Goibibo. You can also use debit and credit cards, and wallets (including third-party wallets) on the PhonePe app.
PhonePe can help you grow your online business by empowering your customers to pay using multiple payment modes. Online payments with PhonePe are very quick, simple and secure. We provide various payment containers that can easily be integrated with any payment gateway on your website, and Android and iOs apps.
Once users select PhonePe during checkout, all they need to do is enter their VPA, open the PhonePe app and click ‘Pay’ on the collect request already present there. Once this is done, they can pay using multiple payment options like wallet, credit/debit cards and UPI. The payment is completed in a few clicks.
Digital India spends on PhonePe Over 25% of India’s smartphone users actively use PhonePe. We understand how users spend and manage their money. This helps us enable our partners to target and engage with India’s digitally transacting user-base.
