PhonePe Presents Assured Cashback Offer For Akshaya Tritiya, 2024

*      Users can avail up to Rs.2000/- assured cashback* on one-time purchase of 24k digital gold

*      Users can also avail special offers for redemption of digital gold at Caratlane stores till 12th May

PhonePe, India’s leading fintech platform has announced a compelling offer today for the joyous and prosperous occasion of Akshaya Tritiya, this year. On 10th May 2024, users can avail assured cashback of up to Rs.2000 on a minimum order value of Rs.1000 on the PhonePe app. The unique offer, available exclusively on PhonePe, is applicable only on one-time purchase of 24k digital gold. Users can choose to pay through multiple modes of payment such as UPI, UPI Lite, credit & debit cards, wallet and gift cards.

To add to the festive cheer, PhonePe also has a special offer for redemption of digital gold at Caratlane stores till 12th May. The highlights of this offer are:

Additional 2% discount on gold coin

Additional 4% discount on unstudded jewelry

Additional 10% on studded jewelry

PhonePe offers highest purity gold from Caratlane, SafeGold & MMTC-PAMP, some of the leading and trusted players in the digital gold ecosystem. While there are multiple benefits to purchasing digital gold on the PhonePe app, some of the key ones are:

Highest Assured Purity: Customers can buy 99.99% purity certified 24K Digital Gold, as offered by the Partners, on PhonePe.

Convenience: Customers can choose to buy Digital Gold from the comfort of their home 24*7. On selling their stored Gold anytime, the money is credited to their bank accounts within 48 hours.

Storage in insured bank grade lockers: Certified 24K Gold purchased digitally carries zero making charges and is stored in free* bank-grade Gold lockers.

Invest with any amount: Customers have the flexibility to invest in Digital Gold with any amount of their choice.

Apart from one time purchase, PhonePe also empowers every Indian to invest in Gold digitally via SIP and helps customers invest long term, systematically. Over 1 Crore customers from 19,000+ pin codes in India have so far bought high purity 24K gold on the PhonePe platform at transparent prices thus reflecting their continued trust in the brand.

Here’s how users can avail the offer on the PhonePe app:

Step 1: Tap ‘See All’ from the ‘Recharge & Pay Bills’ section of your PhonePe app homepage

Step 2: Select ‘Gold’ from the ‘Recharge & Bill Payment’ page

 Step 3:  Select "Buy One Time”

Step 4:  Proceed by selecting “Buy in rupees” and adding minimum Rs.1000 worth of 24K Gold

Step 5: Check the final details of your Gold purchase and click on ‘Proceed to Pay’. And it’s done!

You will see the updated Gold balance on the PhonePe app shortly. Post successful purchase, you will receive a cashback** in your PhonePe Gift Card balance.

About PhonePe Group:

PhonePe Group is India’s leading fintech company. Its flagship product, the PhonePe digital payments app, was launched in Aug 2016. In just 7 years, the company has scaled rapidly to become India’s leading consumer payments app with 530+ million registered users and a digital payments acceptance network of 39 million merchants. PhonePe also processes 250 million daily transactions with an annualized Total Payment Value (TPV) of USD 1.5+ Trillion.

On the back of its leadership in digital payments, PhonePe Group has expanded into financial services (Insurance, Lending, Wealth) as well as new consumer tech businesses (Pincode - hyperlocal e-commerce and Indus App Store - India's first localized App Store). PhonePe Group is an India headquartered technology company with a portfolio of businesses aligned with the company's vision to offer every Indian an equal opportunity to accelerate their progress by unlocking the flow of money and access to services.

^Purity is solely assured by Gold Partners

*Storage is free for the first 5 years.

**PhonePe's role is limited to payment facilitation/processing. Order management/ fulfillment is undertaken by PhonePe’s partners. Please read the offer terms & conditions before purchase. T&C apply.

For more details: media@phonepe.com