PhonePe | Company Profile - Revenue, Headcount, Tech Stack, Contacts
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Overview
PhonePe is an Indian digital payments and financial services company founded in December 2015 and headquartered in Bengaluru, Karnataka. The company operates primarily through its mobile app, utilizing the Unified Payments Interface (UPI) for instant bank-to-bank transactions. Acquired by Flipkart in 2016, it has rapidly grown to become a significant player in India's fintech sector, valued at approximately $12 billion.
The PhonePe app supports transactions in 11 Indian languages and offers a broad range of services, including digital payments for money transfers, bill payments, and in-store purchases, as well as financial offerings such as investments in mutual funds and stocks, insurance, and lending. The company has also launched the 'Pincode' app for hyperlocal e-commerce and introduced the Indus Appstore, featuring over 200,000 apps and games. Additionally, PhonePe operates a prepaid payment system and acts as an account aggregator, catering to individual consumers, merchants, investors, and e-commerce shoppers across India.
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