Transfast Competitors and Similar CompaniesClear all

PhonePe's competitors and similar companies include PalmPay and Nexi Payments.

	PhonePe PhonePe is a mobile payments app that allows users to transfer money instantly to anyone, by using just their mobile number.	PalmPay PalmPay is a company that provides a payment app.	Nexi Payments Nexi Payments (formerly known as CartaSi) is a paytech company that provides payment and acceptance services.
Founding Date	Founding Date 2015	Founding Date 2019	Founding Date 1985
Type	Type Private	Type Private	Type Subsidiary
Tags	Tags Technology fintech mobile app payments	Tags Technology fintech mobile app payments	Tags Technology fintech mobile app payments
Locations	Locations Bengaluru, IN HQ	Locations Ikeja, NG HQ Aba, NG Abeokuta, NG Abuja, NG Ado Ekiti, NG Akure, NG Bauchi, NG see more	Locations Milan, IT HQ
Employees	Employees 16,4772% increase	Employees 1,8671% increase	Employees 1,3681% increase
Operating ⚠
Registered Users	Registered Users 275 m (Mar, 2021)	Registered Users 100 k (Nov, 2019)	Registered Users N/A
Transactions	Transactions N/A	Transactions 1 m (Nov, 2019)	Transactions 3.2 b (FY, 2018)
Funding
Latest funding round	Latest funding round $ 350m (over 3 years ago)	Latest funding round $ 40m (over 6 years ago)	Latest funding round N/A
Total funding raised	Total funding raised $ 1.5b	Total funding raised $ 40m	Total funding raised N/A