Company overview
PhonePe at a glance
PhonePe began as a mobile payments company and is now a broader financial-services platform. Consumers mainly know it for UPI, which allows them to send money, pay merchants, recharge phones and settle bills from a bank account. PhonePe also provides payment products to merchants, including QR codes, payment gateways and point-of-sale devices. Once it had built a large payments user base, the company expanded into areas such as insurance, lending distribution and wealth products. PhonePe was founded in December 2015 by Sameer Nigam, Rahul Chari and Burzin Engineer. It was previously part of Flipkart but was fully separated from the Flipkart Group in 2022. PhonePe had already crossed 490 million registered users by 2023, showing the scale of the payment network it had built.