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Digital Payments Platform PhonePe Unveils “PhonePe ATM” Facility With Unique Feature

The PhonePe ATM allows customers to withdraw cash without any hassle through trusted merchant partners

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PhonePe
A customer in need of cash can simply open the PhonePe app, go to the 'Stores' tab and click on the 'PhonePe ATM' icon to locate nearby shops offering this facility. wikimedia Commons

Digital payments platform PhonePe on Thursday launched a unique feature called ‘PhonePe ATM’ on its platform that will help users in need of cash can get instant money from merchants offering this facility.

A customer in need of cash can simply open the PhonePe app, go to the ‘Stores’ tab and click on the ‘PhonePe ATM’ icon to locate nearby shops offering this facility.

Currently, a user can avail Rs 1,000 a day from the merchant via this pilot feature, launched in the Delhi-NCR region to begin with.

Go to the shop, click on the ‘Withdraw’ button and transfer the required amount to the merchant via the PhonePe app. Once the amount is transferred, the merchant will give the customer the cash equal to the amount transferred, the company said in a statement.

Indian Currency, Symbol, Rupees, Market, Money
Digital payments platform PhonePe on Thursday launched a unique feature called ‘PhonePe ATM’ on its platform that will help users in need of cash can get instant money from merchants offering this facility. Pixabay

“The PhonePe ATM allows customers to withdraw cash without any hassle through our trusted merchant partners. It also helps merchants avoid the hassle of storing cash and making multiple trips to the bank branch to deposit their extra cash,” said Vivek Lohcheb, Head of Offline Business Development, PhonePe.

There will not be any charge for customers or merchants for availing this service. The withdrawal limit for customers will be the same as the limit set by their respective banks.

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The move will enable neighbourhood stores to act as ATMs for the customers who cannot locate bank ATMs or reach an ATM out of cash. (IANS)

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India Has The Most Number of Spotify Users in 18-24 Years Age Group (Tech Report)

It completes one year of operations in the country on Thursday and since its debut, Spotify has been streamed in nearly 2,300 cities in India

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Spotify
It completes one year of operations in the country on Thursday and since its debut, Spotify has been streamed in nearly 2,300 cities in India. Wikimedia Commons

India has the highest number of Spotify users in the 18-24 age group among all global markets, the Swedish music streaming giant announced on Thursday.

It completes one year of operations in the country on Thursday and since its debut, Spotify has been streamed in nearly 2,300 cities in India.

“Currently, there are over 6,400 Indian artists on ‘Spotify For Artists’, of which almost 5,000 were added in the past one year. Spotify has now more than doubled its music library of local, curated playlists in India; from 120 at the time of launch, to 350+ today,” the company said in a statement.

Interestingly, while GenZ and millennials drive the most streams on popular music genres — film music, international pop, and Punjabi non-film music, it’s the 35-44 year old users who listen the most to local, vs. international music.

‘Senorita’ by Shawn Mendes and Camila Cabello is the most streamed track across the country for the 55 and above age group.

Spotify
India has the highest number of Spotify users in the 18-24 age group among all global markets, the Swedish music streaming giant announced. Wikimedia Commons

With the top genres ranging across pop, filmi music, hip-hop, sufi and Indian folk, what unites Indian listeners is still their love for “love” as a genre for music.

When it comes to music preference, India’s “mushiest” states include West Bengal, Odisha, Chhattisgarh, Jharkhand, Assam, Bihar, and Sikkim, where “Bollywood Mush” features in the top three playlists.

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The only western state is Gujarat, where users listen to sentimental love songs. (IANS)