PhonePe risk score

Founded in December 2015, PhonePe stands out as India’s leading payments application, revolutionizing the digital payment landscape by promoting financial inclusivity for both consumers and merchants. Based in India, the platform boasts a vast user base of 480 million registered members, encapsulating approximately one in every four Indians. This impressive reach extends further to 36 million offline merchants across the country, penetrating virtually every postal code, including those in tier 2, 3, and 4 regions.

PhonePe has distinguished itself in the Bharat Bill Pay System (BBPS), where it commands over 45% of all transactions, affirming its leadership in this sector. This robust platform not only facilitates seamless payment solutions but has also expanded into financial services since 2017. It offers a range of investment products, including Mutual Funds and Insurance, designed to provide safe and accessible financial opportunities to all Indian citizens, thereby democratizing access to essential financial services.

Recognition of PhonePe’s commitment to secure and trustworthy service delivery came in 2023, when it was awarded the title of Most Trusted Brand for Digital Payments by the Trust Research Advisory’s Brand Trust Report. This accolade underscores the company's pivotal role in driving forward India's digital economy, indicating its profound impact on the financial habits and practices of millions of Indians.

PhonePe operates under strict regulatory standards to ensure secure transactions and protect user data, aligning with national financial regulations. As it continues to innovate and expand its offerings, PhonePe remains at the forefront of the fintech industry, constantly enhancing the way money flows and is managed in one of the world’s most dynamic markets.