PhonePe
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Overview
PhonePe Group is India’s leading fintech company, proudly recognized as India’s #1 Trusted Digital Payments* Brand for three consecutive years. Our flagship product, the PhonePe app was launched in August 2016, has rapidly become the preferred consumer payments app in India.
In just eight years, PhonePe has gained over 57 crore + registered users and established a digital payments acceptance network of over 4 crore+ merchants spread across Tier 2,3 cites and beyond, covering 99% of the postal codes in the country.
Building on our leadership in digital payments, PhonePe Group has expanded into financial services—including insurance, lending, and wealth management—along with new consumer tech ventures such as Pincode, a hyperlocal ecommerce platform, Indus App Store - India’s first localized app store, and Share.Market- A wealth and investment platform (app & website), catering to investors and traders needs.
Headquartered in India, PhonePe Group aligns its diverse portfolio of businesses with our vision We're committed to empowering every Indian by unlocking the flow of money and providing equal access to easy & secure payments and financial services.
Through its consumer app, PhonePe supports UPI features such as UPI Lite, credit lines on UPI, RuPay credit cards on UPI and UPI Circle, along with bill payments, recharges and bookings for flights, buses, trains and hotels. Users can also make UPI payments at select merchants in Singapore, the UAE, Nepal, Sri Lanka, Bhutan and Mauritius. For businesses, the company provides SmartSpeakers with audio alerts in 21 languages, QR codes, EDC card machines and the SMART POD device, as well as an online payment gateway, payment links, merchant loans and advertising on the PhonePe app.
The company's savings products include digital 24K gold starting from ₹5, mutual fund SIPs, recurring deposits and NPS contributions, and PhonePe offers co-branded credit cards with SBI Card and HDFC Bank. Indus Appstore is a native Android-based store that gives developers a way to list, distribute and promote their apps in India.
Funding rounds
Disclosed funding: $2.63B across 19 rounds. Latest: Later Stage VC, 29 Oct 2025.
6 rounds have an undisclosed amount, not included in the total.
| Date | Type | Amount |
|---|---|---|
| 29 Oct 2025 | Later Stage VC | Not disclosed |
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Latest videos from PhonePe on YouTube
Start a SIP from ₹250 with CRISP-shortlisted funds | Mutual Funds on PhonePe
PhonePe SBI Card: ₹0 Joining Fee For Year 1! 👀⚡ #Shorts
Too Many Expenses? Do THIS Instead! 💸📊
You're Spending ₹10 Every Day Without Realizing
Recent posts from the PhonePe blog
- What does it take to build lasting trust in financial services?
It starts with understanding the consumer, anticipating their needs, and making every interaction more seamless. At TechSparks 2026, Deep Agrawal, Head of Payments at PhonePe, shared his perspective on how contextual money can reshape the way consumers experience financial services.
- We’re LIVE at TechSparks 2026!
The future of tech is taking shape, and we’re here for the conversations, connections and ideas driving it forward. From emerging technologies to breakthrough innovations, TechSparks brings together the people shaping India’s startup ecosystem to explore what’s next for the world of tech.