A Payments App built for India, by Indians

Over the next decade, digital payments are going to become more accessible to the next billion users. Our goal is to facilitate this change by building payment solutions for this user base.

2016

  • condiment shop
  • Flipkart acquires PhonePe
  • The PhonePe app goes live

2017

  • auto rickshaw
  • Becomes 1st UPI based app to cross 10 million app downloads
  • Rated the #1 Finance App on Apple App Store & Google Play Store
  • Emerges as the largest driver of UPI transactions nationwide
  • Hits 1 million app transactions in a day

2018

  • bicycle rider
  • Launches Micro-apps on the platform
  • Wins the NPCI award for excellence as a BHIM UPI Merchant
  • Crosses 1 Billion transactions on the app

2019

  • A customer going for shopping
  • Crosses 2 billion transactions on the app
  • Wins the ‘Best Mobile Payment Product or Service’ at the 9th IAMAI India Digital Awards.
  • Ranks amongst Top 10 most trusted Digital Brands in India by Brand Equity
  • Ranks amongst Top 10 most trafficked platforms by Comscore

2020

  • shop
  • Wins the best mobile payment product/service category and the technology category at IAMAI India digital awards
  • The PhonePe ATM goes live across 10 lakh stores in 300 cities
  • Launches Liquid funds, Super funds and 7 more curated MF category products
  • Launches Travel Insurance, Coronavirus Insurance, Motor Insurance & more Insurance offerings
  • Becomes India’s fastest growing insure-tech distributor with a sale of 5 lakh policies in 5 months
  • Crosses the 250 million registered users mark; market-leading share of over 40% in UPI transactions
PhonePe’s journey