UPI's Next Leap: PhonePe Brings Payments to 200M Feature Phones as Transaction Volumes Hit Record

PhonePe has launched UPI 123Pay, a service enabling digital transactions on basic feature phones without internet connectivity. Targeting India's estimated 200 million feature phone users, the service uses SMS-based architecture to process payments even in areas with limited 2G coverage. Pre-installed on devices from Nokia, HMD, Lava, and Itel, it marks the first major third-party UPI implementation at scale for non-smartphone users. "Bringing UPI to feature phones extends...