PhonePe IPO

About PhonePe IPO

About PhonePe IPO

PhonePe is one of India’s leading digital payments platforms, founded in December 2015 by Sameer Nigam, Rahul Chari, and Burzin Engineer. Headquartered in Bangalore, the company launched its flagship app in August 2016 and quickly rose to prominence in the fintech space. Initially backed by Flipkart and now significantly owned by Walmart, PhonePe has become a household name in India’s digital economy. As of March 2025, it boasts over 600 million registered users and processes more than 330 million transactions daily, making it a dominant force in UPI-based payments.

Beyond payments, PhonePe has evolved into a comprehensive financial services provider. It offers a wide range of solutions including insurance, lending, and wealth management, along with innovative consumer tech platforms like Pincode (a hyperlocal shopping app) and Indus Appstore (a native Android app store tailored for Indian users). The company also introduced Share.Market, a wealth and investment platform catering to traders and investors of all levels. These expansions reflect PhonePe’s broader mission to unlock financial access and empower every Indian to accelerate their progress.

PhonePe’s success is rooted in its commitment to security, reliability, and user-centric innovation. The platform supports seamless transactions across over 4 crore merchants nationwide and is accepted in 215 cities. It also enables international UPI payments in countries like Singapore, UAE, Nepal, and Sri Lanka. With features like SmartSpeakers for merchants, QR codes, and POS devices, PhonePe ensures that both consumers and businesses benefit from its robust digital ecosystem.

At its core, PhonePe is driven by values of integrity, transparency, and inclusivity. The company fosters a high-trust environment and encourages bold, first-principles thinking to solve complex problems. Its leadership team, including CEO Sameer Nigam, CTO Rahul Chari, and CRO Burzin Engineer, brings deep expertise and vision to the organization. As PhonePe celebrates a decade of innovation, it continues to shape India’s digital transformation and redefine the future of financial technology.