<ul><li>PhonePe has acquired Gupshup's GSPay technology stack to enable UPI-based payments for feature phones.</li><li>PhonePe plans to launch its own feature phone-based UPI payment mobile app with basic UPI features like P2P transfers and QR payments.</li><li>The company aims to create payment interoperability between feature phone and smartphone users.</li><li>PhonePe's CEO, Sameer Nigam, expressed excitement in enabling feature phone users to participate in the digital payments market, targeting India's 24 crore feature phone users.</li></ul>

Paytm rival PhonePe to launch UPI payments for feature phones

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