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PhonePe information


PhonePe
Type of businessPrivate
Type of site
Digital payments & Financial services
Available inMultilingual (11)[1]
Founded2015; 9 years ago (2015)
HeadquartersSalarpuria Softzone, Bengaluru, Karnataka,
India[2]
Area servedIndia
Founder(s)
  • Sameer Nigam[3]
    (Co-Founder & CEO)
  • Rahul Chari
    (Co-Founder & CTO)
  • Burzin Engineer
    (Co-Founder & CRO)
IndustryInternet, E-commerce, Fintech, Financial services, Mutual funds, Insurance, Digital gold, Payment gateway, ONDC, Lending, Wealth Management
Services
  • Digital payments
  • Mobile payments
  • Payment systems
  • Financial services
  • Merchant payments
  • Mutual funds
  • Insurance
  • Digital gold
  • Payment gateway
  • Account Aggregator
  • Merchant Lending
  • Hyperlocal e-commerce app built on ONDC - Pincode
  • Stock broking app and web platform - Share.Market
RevenueIncrease ₹16.46 billion (US$206 million) (FY 2021–22)[4][5]
ParentWalmart
URLphonepe.com
CommercialYes
RegistrationRequired
Users500 million[6]
Current statusActive
Native client(s) onAndroid
iOS

PhonePe is an Indian digital payments and financial services company[7] headquartered in Bengaluru, Karnataka, India.[8][9] PhonePe was founded in December 2015,[3] by Sameer Nigam, Rahul Chari and Burzin Engineer.[10] The PhonePe app, based on the Unified Payments Interface (UPI), went live in August 2016.[11]

The PhonePe app is accessible in 11 Indian languages.[1] It enables users to perform various financial transactions such as sending and receiving money, recharging mobile and DTH, making utility payments, conducting in-store payments.[12][13]

  1. ^ a b "5 digital payment platforms you can use during Coronavirus Lockdown". India Today. 20 April 2020. Archived from the original on 18 September 2020. Retrieved 19 July 2020.
  2. ^ "Contact Us". PhonePe, Pvt Ltd. 15 March 2015. Archived from the original on 3 May 2020. Retrieved 29 September 2019.
  3. ^ a b "Tech in Asia - Connecting Asia's startup ecosystem". Tech in Asia. Archived from the original on 25 December 2018. Retrieved 20 February 2017.
  4. ^ "PhonePe records ₹1,646 cr revenue in FY22". www.thehindubusinessline.com. 18 October 2022. Archived from the original on 17 November 2022. Retrieved 15 June 2023.
  5. ^ Abrar, Peerzada (14 October 2021). "PhonePe's revenue grew 85% to Rs 690 cr in FY21, losses drop by 44%". Business Standard India. Archived from the original on 18 November 2021. Retrieved 18 November 2021.
  6. ^ "PhonePe crosses 500 million registered users, alters top deck". The Economic Times. 7 November 2023. Retrieved 14 November 2023.
  7. ^ "PhonePe Becomes Fastest Growing Distributor of Insurance Technology in India". Deccan News. 25 August 2020. Archived from the original on 14 January 2021. Retrieved 29 March 2021.
  8. ^ Singh, Abhinav (10 March 2020). "Why digital payment firms should not rely on single bank". The Week. Archived from the original on 29 November 2022. Retrieved 11 March 2023.
  9. ^ "Top ten Indian Fintech unicorns - ET BFSI". ETBFSI.com. Archived from the original on 31 March 2023. Retrieved 29 March 2023.
  10. ^ Chanchani, Madhav (4 April 2016). "Flipkart acquires former executive's startup PhonePe for payments push". The Economic Times. Archived from the original on 2 February 2023. Retrieved 11 March 2023.
  11. ^ Sen, Anirban (10 January 2017). "Flipkart's PhonePe crosses 10 million downloads on Google Play Store". Mint. Archived from the original on 27 November 2022. Retrieved 11 March 2023.
  12. ^ "PhonePe launches silver investments; allows users to buy silver coins and bars". cnbctv18.com. 30 September 2021. Archived from the original on 6 February 2023. Retrieved 29 January 2022.
  13. ^ Dasgupta, Brinda (23 March 2018). "Payments platform PhonePe looks to double its team". The Times Of India. Archived from the original on 30 November 2022. Retrieved 11 March 2023.

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