The digital payments platform PhonePe has announced it will be offering cashback on silver and gold bars and coins for Diwali, Dhanteras, and Diwali festivals. Customers will receive 10% cashback on bars, silver coins and 5% cashback on Gold bars and coins purchased through PhonePe.
“With the assurance of quality, purity, and convenient home delivery, PhonePe has emerged as the destination of choice for buying 24K gold and silver for millions of users across India,” the company stated in its statement.
To benefit from these fantastic special offers, new customers require downloading the PhonePe application, and existing users must upgrade to the app’s most recent version.
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How do you receive guaranteed cash back on purchases?
After logging in, users must click on the Gold symbol or the Silver one on the Investments tab. Choose the product, enter the delivery details, and then make payment using the payment method of choice.
Once that is completed, the gold or silver bars will be delivered to your door, the company announced.
In the last week, UPI made clear that UPI transfer transactions and offline and online transactions (across UPI, wallet, debit, and credit cards) through the payment app are available for free and will remain open to all users.
The company stated that PhonePe does not charge fees for these transactions and will not do this shortly.
PhonePe is home to more than three-quarters of a million registered users. Users can transfer and receive cash to recharge mobiles, recharge data cards, DTH, and pay in stores. Users can also pay utility bills, purchase Gold, and make investments through this platform.
PhonePe entered the financial sector in 2017 with the introduction of Gold, giving users an easy and secure option to purchase Gold that is 24-karat through its platform. It is used by over 22 million retail outlets all over India.
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