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PhonePe

Payment Systems

PhonePe is India's leading UPI-based payment app founded in 2016, now owned by Flipkart. The platform provides UPI payments, digital wallet, bill payments, mobile recharges, and investment services. PhonePe is particularly noted for its fast UPI transactions and widespread merchant acceptance. The platform also offers PhonePe Switch for shopping and PhonePe Pulse for analytics. PhonePe is regulated by the RBI and is one of the most popular payment apps in India.

Data status: partially verifiedLast verified: 2026-08-03Provider website

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Catalog tags

Indian Users UPI Payments Bill Payments

Risk Warning

Trading financial instruments involves significant risk and can result in the loss of your invested capital. You should not invest more than you can afford to lose and should ensure that you fully understand the risks involved. Leverage trading can amplify both profits and losses. Past performance is not indicative of future results. Before trading, please consider your level of experience, investment objectives, and seek independent financial advice if necessary.

Key Features

UPI Payments
Digital Wallet
Bill Payments
Mobile Recharges
PhonePe Switch
Insurance
Mutual Funds

Listed highlights

  • Fast UPI transactions
  • Widely accepted
  • No fees on UPI
  • Insurance and mutual funds
  • User-friendly

Listed considerations

  • India-focused only
  • Limited to UPI ecosystem
  • Customer support can be slow
  • No international payments

Quick Comparison

FeaturePhonePePaytmRazorpayN26Neteller
RatingNot availableNot availableNot availableNot availableNot available
PricingProduct and transaction dependentProduct and transaction dependentPayment-method and business-plan dependentPlan and country dependentMethod- and country-dependent
Founded20162010201420131999

Frequently Asked Questions

Is PhonePe regulated in India?
Yes, PhonePe is regulated by the Reserve Bank of India (RBI) as a Payment Aggregator and UPI app.
Does PhonePe charge fees?
No, PhonePe does not charge fees for UPI transactions, bill payments, or mobile recharges. These services are free.
Can I invest through PhonePe?
Yes, PhonePe offers mutual funds and insurance products through its platform. These services are regulated by SEBI and IRDAI respectively.
Pricing
Consumer UPI use, bill payments, merchant acquiring and financial products can have different terms. PhonePe business pages should be checked for the applicable payment-gateway or merchant pricing.
Min Deposit
$0
Founded
2016
Mobile App
Yes
Demo Account
No
Withdrawal
Instant
Support
24/7 Chat, Email, Help Center
Regulation
RBI

Licence number and legal-entity verification: not recorded. Check the regulator directly.

Platforms
WebiOSAndroid
Deposit Methods
Bank AccountUPI