PhonePe partners with CashFree

Five thousand merchants will be able to accept PhonePe as a payment method. As a launch offer PhonePe is also running a 10 per cent cashback for all users

e4m by exchange4media Staff
Updated: Jan 21, 2019 4:29 PM
Phone Pe Cashfree

Bangalore based payments technology company, CashFree has launched PhonePe as a checkout option on its payment gateway. 5000 merchants will be able to accept PhonePe as a payment method.

Cashfree is the first payment gateway to enable Phone Pe, Google Pay, Amazon Pay and Pay Later options like Ola Postpaid for merchants.

Akash Sinha, Co-Founder and CEO of Cashfree said, “Flipkart is aggressively promoting Phone Pe, so it’s a good time for our merchants to capitalise on this. We are really excited about being the first payment gateway to bring PhonePe as a payment option to 5000 e-commerce merchants. At Cashfree, we strive to bring the best offerings around FinTech and payments to our merchants as soon as possible.”

A PhonePe spokesperson said, "We are excited to bring Phone Pe to a large versatile set of merchants through Cashfree. Phone Pe is the most convenient way to pay online and we want to push the Indian online industry forward by bringing it to merchants outside of Phone Pe. Cashfree is a very valuable partner in this."

Cashfree currently does more than 4 million transactions every month. Transaction volume growth has crossed 50 per cent month on month mark on the back of new product launches.

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