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PhonePe Private Limited

About the Company

PhonePe Private Limited is an Indian fintech company that owns the PhonePe brand, known for its digital payments app built on the Unified Payments Interface (UPI)It provides a platform for various financial services, including payments, investments, insurance, and lending. The company aims to make digital transactions easy, safe, and accessible for all Indians. 

Key aspects of PhonePe Private Limited:
  • Digital Payments: PhonePe is primarily known for its mobile payment app, which allows users to send and receive money, recharge mobile and DTH, pay bills, and make online and offline purchases. 
  • Financial Services: PhonePe has expanded into financial services, offering investment options like digital gold, insurance products, and lending services. 
  • Unified Payments Interface (UPI): PhonePe was one of the first apps to leverage the UPI platform for digital payments. 
  • Merchant Solutions: PhonePe also provides payment gateway solutions for businesses, enabling them to accept online payments. 
  • Growth and Expansion: The company has seen rapid growth, expanding beyond payments to offer a range of financial and consumer tech products. 
  • Headquarters: PhonePe is headquartered in Bangalore, India. 
  • Founders: PhonePe was founded by Sameer Nigam, Rahul Chari, and Burzin Engineer. 
  • Acquisition: PhonePe was acquired by Flipkart in 2016. 
  • Regulation: PhonePe is authorized by the Reserve Bank of India to operate as a prepaid payment instrument provider. 
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