P2P Payments Series C+

PhonePe

India's Leading UPI-Powered Digital Payments Super App

Available in 7 countries Last verified: Mar 2026
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Founded
2015
Users
600M+
Total Funding
$2.85B
Employees
12,000+

🏢 Company Overview

Headquarters
Bengaluru, India
Funding Stage
Series C+
Total Funding
$2.85B
Users
600M+
Pricing
Free
Rating
★ 4.5
AML Compliant PCI DSS E-Money License Payment License Broker License No

ℹ️ About PhonePe

PhonePe is India's largest UPI-based digital payments platform enabling instant money transfers, bill payments, and investments for 600M+ users.

⚡ Key Features

UPI-based instant peer-to-peer money transfers
Mutual fund and stock investment platform
Digital gold and silver purchase options
Cross-border UPI payments in six countries
Merchant payment gateway with QR acceptance
Autopay recurring bill payment automation engine

💪 Strengths & Weaknesses

4 Pros 3 Cons
💪
Strengths
What it does well
Dominant 46% UPI market share
Comprehensive financial super app
Cross-border UPI payment pioneer
40M+ offline merchant network
⚠️
Weaknesses
Areas to improve
Primarily India-centric geographic coverage
Customer support response delays
Zero MDR limits revenue scalability

💬 User Reviews

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🌍 Available In

7 countries
India Singapore UAE Nepal Bhutan Sri Lanka Mauritius
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