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PhonePe Rolls Out Digital Udyam Registration for SMEs
The Business Guardian
|September 11, 2025
Fintech firm PhonePe has on Wednesday announced the launch of digital-first Udyam generation through the Udyam Assist Platform (UAP) at an event here in the national capital, in the presence of Union Minister for Micro, Small and Medium Enterprises Jitan Ram Manjhi.
"Providing registration facilities to enterprises through the Udyam Assist Platform is a historic step taken by the MSME Ministry and SIDBI, which will benefit many entrepreneurs. Our effort is to take forward the dreams of a self-reliant India envisioned by our Prime Minister Narendra Modi so that everyone gets employment opportunities," Minister Manjhi said in a post on X.
Speaking to later, the Union Minister said, "Going ahead, more big businesses will come to support our MSMEs. If the government and the private players like PhonePe join hands, we will be able to eradicate various problems."
According to a statement from PhonePe, this launch makes PhonePe the first fintech to offer an end-to-end digital solution directly to its merchants, contrasting with the traditional Udyam certificate issuance used by most other platforms.
This story is from the September 11, 2025 edition of The Business Guardian.
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