PhonePe launches digital Udyam certificates for micro merchants
PhonePe has launched the Udyam Assist Platform (UAP) to digitally onboard micro merchants and issue them business certificates. The initiative gives informal micro enterprises a formal identity, enabling access to loans, government schemes, and digital payments. As per reports, over 2.75 crore businesses have benefited, marking historic step in formalising India's MSME sector.