Founded in December 2015 by Sameer Nigam, Rahul Chari, and Burzin Engineer, PhonePe has become one of India's leading digital payment platforms. It was acquired by Flipkart in 2016 and is now a demerged, majority-owned subsidiary of Walmart. The company's primary service is built on the Unified Payments Interface (UPI), allowing users to send and receive money, recharge mobile and DTH, pay utility bills, and make payments at online and offline stores. Over the years, PhonePe has expanded its offerings to include a suite of financial services such as insurance, mutual funds, digital gold, and merchant solutions, aiming to be a comprehensive financial ecosystem for its hundreds of millions of users across India.

Founded in

India