New Delhi: On the occasion of World MSME Day, demonstrating a deep commitment to supporting the backbone of the Indian economy, PhonePe Payment Gateway (PG) on Thursday shared that it is already working with more than half of MSMEs (Micro, Small & Medium Enterprises) in Tier 2 cities and beyond to enable PG solutions.

This focus on empowering regional businesses fosters inclusive growth, helping these businesses scale faster.

While most payment gateways charge a standard transaction fee of 2 per cent, PhonePe PG has a special offer for new merchants to onboard for free, with no hidden charges, setup fees, or annual maintenance fees.

Additionally, PhonePe PG is reliable, ensures 100 per cent uptime for merchants, and comes with the industry's best success rates. It proactively detects downtimes and ensures stable success rates of transactions with real-time instrument health-tracking capability.

"On this World MSME Day, PhonePe PG reiterates its unwavering commitment to empowering MSMEs and SMEs across India. We understand the unique challenges faced by businesses in Tier 2, Tier 3 cities, and beyond. By providing seamless payment solutions and fostering financial inclusion, we're enabling them to reach new customers and markets that were previously inaccessible," said Ankit Gaur, Head, PhonePe Payment Gateway & Online Merchants.