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PhonePe

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Overview

  • Founded Date January 1, 2015
  • Sectors BFSI
  • Posted Jobs 18
  • Viewed 25
  • Founded Since  2015

Company Description

Website: https://www.phonepe.com

Tagline: One App for All Things Money


About PhonePe

PhonePe is one of India’s leading digital payment platforms, founded in 2015 by Sameer Nigam, Rahul Chari, and Burzin Engineer. Launched officially in 2016, PhonePe has grown to become a household name in India’s fintech space. It offers a seamless, secure, and fast way to manage all financial needs – from UPI payments and utility bills to investing and insurance. With over 590 million registered users and a merchant network of 40 million+, PhonePe is the most widely accepted digital payment platform across India.


Products & Services

For Consumers

  • UPI Payments: Easy and instant money transfers using UPI.

  • Recharges & Bill Payments: Mobile, DTH, broadband, and utility bill payments.

  • Insurance: Buy and manage health, life, motor, and travel insurance policies.

  • Investments: Mutual funds, digital gold, and tax-saving investment options.

  • Lending: Access to credit via partners directly on the app.

  • Travel & Tickets: Book flights, trains, hotels, and recharge FASTag.

For Businesses

  • Payment Gateway: Accept payments via UPI, cards, wallets, and net banking.

  • SmartSpeaker: Real-time audio payment confirmation for in-store transactions.

  • POS Devices: Integrated point-of-sale solutions for offline merchants.

  • Merchant Loans: Access to business credit and financial support.

  • PhonePe Ads: Promote products on the app’s high-visibility ad network.

  • Fraud Prevention: Guardian – a dedicated solution for fraud and risk management.


Office Locations

Headquarters:
Bangalore – Salarpuria Softzone, Bellandur, Outer Ring Road, Bangalore, Karnataka

Other Offices:
Pune, Mumbai, Gurgaon, Noida, Hyderabad, Jaipur, and a global tech office in the United States


Key Facts

  • Founded: 2015

  • Registered Users: Over 590 million

  • Daily Transactions: 310 million+

  • Merchant Network: Over 40 million

  • Market Share in UPI: 48.4%

  • Revenue (FY 2023-24): ₹5,000+ Crores

  • First profitable year achieved in FY 2023-24


Ideal For

  • Individuals seeking a one-stop app for all digital financial transactions

  • Small and large businesses wanting to accept payments and access loans

  • Developers and tech platforms looking to integrate fintech solutions


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