
Since the second wave of Covid-19 struck India, fraudsters have been using novel ways to trick people into sending money to unknown accounts and phone numbers. In the pretext of helping with allocating hospital beds, oxygen supplies and vaccines, these fraudsters have been duping people.
Here’s a PhonePe guide on the scenarios where you need to exercise caution.
Covid-19 vaccine registration
There are several instances of cybercriminals defrauding people of their money by promising them an advance booking on their first vaccination shot or updating the government database. The modus operandi is simple.

A company is defined by its people. The past few weeks at PhonePe have been a true manifestation of the spirit of our people.
As the second wave of COVID began to crest, we saw over two thousand colleagues in different parts of the company form spontaneous groups to aid and assist, often putting their own life at risk. The Sales & Distribution org developed local networks across India so oxygen, ICU beds and medicines could be delivered where they were most urgently needed. …

If you are a cricket enthusiast, you would understand that you need to have a different playing strategy for different types of cricket matches. Your investment strategy needs to follow a similar approach.
Let’s say, you are the captain of your team, you start your match by winning a toss and decide to bat first. For every type of match you play, there are some factors that are more important to you than the others.
Here’s a snapshot:

Ajai, Sheru and Babbar were college classmates. Coincidentally, all three of them got a job in the same organization after their graduation. And since they joined at the same time and at the same level, their salaries were also similar.
The first week at office, they attended a financial planning workshop where a financial adviser introduced them to certain concepts such as systematic investment plan (SIP), how to get rich over time, power of compounding and so on.
Start early and start right
While Sheru couldn’t completely understand all the concepts explained in the workshop, the key takeaway for him…

What do exercise and investing have in common? A lot if you look closely!
Did 2021 start for you with a resolution to be more active and start exercising? Well, ours did too! But while we were making those resolutions, we realized that exercise and investing have a common thread that helps us understand how one can be a successful investor while building that dream physique. So, let’s start, shall we?
First & Foremost, make a beginning
Do you know why exercising is always the most sought-after resolution for a lot of people every new year? It’s because while everyone…

In cricket, when a batsman is facing a tough bowler, it is difficult to hit big shots like 4s and 6s due to the risk of losing wickets. But in such situations, a seasoned batsman tries to get as many singles as possible to keep the scoreboard ticking while ensuring that pressure does not build up towards the end.
Smart and athletic batsmen will also ensure that they make the most of every opportunity of converting singles into doubles by improving their running between the wickets. The overall intention is to score whatever you can, without taking higher risk under…

PhonePe recently crossed the 250 million user milestone and also emerged as the largest player on UPI transactions. With over 100 Mn monthly active users, we now have one of the largest transacting user bases in the country. And we’ve come a long way, proudly serving millions of users across 500 cities in India.
Besides great tech capabilities, a simple and intuitive product flow, and the addition of new products and features, customer experience is the backbone of why customers use us everyday. We have gone beyond just customer satisfaction to make every payment experience on our app a delightful…

We are excited to share that October was a memorable month for us. We reached a big milestone and also broke a few records along the way!
Here are some numbers for October:
Crossed 250 million registered users
100 million monthly active users (MAU)
2.3 billion app sessions
925 million transactions, our highest so far!
Hit an Annual TPV Run-rate of $277Bn.
Processed 835Mn UPI transactions, for a market leading share of over 40%.
Talking about the milestone, Sameer Nigam, our CEO and Founder said, ‘’We are thrilled to have crossed the 250 million user milestone, and are grateful that…

Unlock 1.0 is here! Stay secure with India’s all-in-one travel insurance on PhonePe.
Worried about stepping out during these times? We’ve introduced a unique domestic multi-trip insurance cover that will keep you secure from the moment you leave home, till the time you return. At just Rs. 499, you are covered for all travel within the city or across India for the entire year on any mode of transport.
Every cab ride, every train journey, flight or bus you take, we have you covered. If you buy travel insurance every time you book a ticket or a cab, then this…
Wondering what are Super Funds and whether you should invest in them?
Here’s a quick explainer.

Editor: PhonePe Blog