This article reads like a press release or a news article and may be largely based on routine coverage. (June 2024) |
Type of business | Private |
---|---|
Type of site | Digital payments & Financial services |
Available in | Multilingual (11) |
Founded | 2015 |
Headquarters | Salarpuria Softzone, Bengaluru, Karnataka, |
Area served | India |
Founder(s) |
|
Industry | Fintech, Financial services, Payment gateway |
Services | |
Revenue | ₹2,914 crore (US$350 million) (2023)[3] |
Parent | Walmart |
URL | phonepe.com |
Commercial | Yes |
Registration | Required |
Users | 500 million[4] |
Current status | Active |
Native client(s) on | Android iOS |
PhonePe is an Indian digital payments and financial services company[5] headquartered in Bengaluru, Karnataka, India.[6][7] PhonePe was founded in December 2015,[2] by Sameer Nigam, Rahul Chari and Burzin Engineer.[8] The PhonePe app, based on the Unified Payments Interface (UPI), went live in August 2016.[9]
The PhonePe app is accessible in 11 Indian languages.[10] 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.[11][12]