Cashback and Scratch Card Incentive Programme
PhonePe's user acquisition and engagement strategy relies heavily on cashback rewards, scratch cards, and promotional offers that incentivise first-time UPI adoption and habitual return usage—a high-cost acquisition mechanism justified by the lifetime financial services value of each active user who converts to insurance, investment, or credit products.
Merchant Onboarding and QR Code Distribution
Aggressive field-force merchant onboarding campaigns targeting kirana stores, street vendors, petrol stations, and small businesses across tier-1 through tier-3 cities—building the merchant acceptance density that makes PhonePe the default payment option for consumers at every spending touchpoint in their daily lives.