PhonePe is a company that develops a mobile payments app. The application allows users to transfer money instantly to anyone, by using just their mobile number.  The Company’s app is used in a smartphone with data connectivity and a bank account linked to a user’s mobile number.

TypeSubsidiary
Parent CompanyFlipkart
HQBengaluru, IN
Founded2015
Websitephonepe.com
Cybersecurity ratingAMore
PhonePe was founded in 2015 and is headquartered in Bengaluru, IN

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PhonePe Office Locations

PhonePe has an office in Bengaluru
Bengaluru, IN (HQ)
6/B, Mahatyagi Laksmidevi Rd, Koramangala 1A Block, Koramangala 3 Block, Koramangala
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PhonePe Financials and Metrics

Summary Metrics

Founding Date

2015

Total Funding

$1.2 b

Investors

In total, PhonePe had raised $1.2 b. PhonePe is a subsidiary of Flipkart

PhonePe Operating Metrics

Jul, 2019

Annual Run Rate

$95 b

Monthly Active Users

60 m

Monthly Transactions

335 m
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PhonePe Cybersecurity Score

Cybersecurity ratingPremium dataset

A

93/100

SecurityScorecard logo

PhonePe Online and Social Media Presence

Embed Graph

PhonePe News and Updates

PhonePe launches a Diversity & Inclusion charter to create a welcoming, safe workplace

PhonePe’s initial focus will be on creating spaces for conversation and awareness, and to review policies, processes, and systems to be more inclusive.

PhonePe hits 1.07B transactions in February across UPI, cards, wallets

Offline transactions and higher UPI payments led to the growth in transactions for February, the Bengaluru-based fintech major said.

PhonePe launches $200M ESOPs for all full-time employees

PhonePe ESOP follows a string of other startups such as Licious, Wakefit, and ShareChat that recently granted stock options to all their employees in an attempt to involve them in the growth plan.

PhonePe overtakes Google Pay to emerge as market leader for UPI transactions

PhonePe had been trailing Google Pay for a couple of months now, and in December 2020, it achieved the number one position on UPI.

PhonePe introduces vernacular voice notifications on business app

Fintech startup PhonePe says its business app, launched in 2018, will now send voice notifications to users in over nine Indian languages, including Hindi, Marathi, Bengali, Gujarati, Tamil, Telugu and others.

[Funding alert] PhonePe receives Rs 150 Cr capital infusion from parent company

PhonePe Pvt Ltd, Singapore (formerly Flipkart Payments Pvt Ltd) was allotted 198,755 shares and the total amount paid was Rs 150,00,03,985.
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PhonePe Blogs

Compensation Philosophy at PhonePe

Collaboration not CompetitionIn January 2021, we launched the PhonePe Stock Option Plan that gives every PhonePe employee the chance to own a part of the company. The USD 200 Mn plan allotted stock options to all 2,200 employees at PhonePe, enabling everyone in the organization to benefit from its s…

The simple mantra for earning high returns!

Stay invested through the ups & downs of the stock marketThe stock market is impossible to predict but patience and holding on to long-term investments is the key to earning valuable returns and growing your wealth.When you invest in growth oriented funds such as Equity or Hybrid Mutual Funds, y…

Building a seamless payment experience for millions of Indians

PhonePe recently crossed the 250 million user milestone and also emerged as the largest player on UPI transactions. With over 100 Mn monthly active users, we now have one of the largest transacting user base in the country. And we’ve come a long way, proudly serving millions of users across 500 citi…

October was a memorable month for us. We hit the 250 million user mark in India.

PhonePe hits the 250 million user mark in IndiaWe are excited to share that October was a memorable month for us. We reached a big milestone and also broke a few records along the way!Here are some numbers for October:Crossed 250 million registered users100 million monthly active users (MAU)2.3 bill…

Learn the simple way to build wealth & become a Crorepati

Build your wealth and become a CrorepatiInvest early, start with a little & accumulate a lot over timeEveryone dreams of becoming a Crorepati but not many know the path to get there. While there are certainly no short-cuts, it is possible if you have the patience and discipline to invest regular…

PhonePe Frequently Asked Questions

  • When was PhonePe founded?

    PhonePe was founded in 2015.

  • How many employees does PhonePe have?

    PhonePe has 3,277 employees.

  • Who are PhonePe competitors?

    Competitors of PhonePe include Juspay, UnionPay International and DANA.

  • Where is PhonePe headquarters?

    PhonePe headquarters is located at 6/B, Mahatyagi Laksmidevi Rd, Koramangala 1A Block, Koramangala 3 Block, Koramangala, Bengaluru.

  • Where are PhonePe offices?

    PhonePe has an office in Bengaluru.

  • How many offices does PhonePe have?

    PhonePe has 1 office.