PhonePe

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Score8.2

Rank#12 of 81

PriceFree

Free planYes

Runs onAndroid, iOS

Summary

PhonePe is a free Android and iOS app for digital payments and related services. Users can transfer money, scan and pay, check balances, manage payment needs, and pay bills. Transfers can go to a UPI ID, mobile number, or bank account; the listed transfer speed is instant, with transfer tracking and scheduled transfers available. The app also supports utility payments and recharges for mobile, DTH, FASTag, Google Play, and Apple Store balances. PhonePe offers insurance, lending, and wealth services, as well as travel bookings for flights, hotels, cabs, metro, buses, and trains. Its international UPI option is available at select merchants in Singapore, UAE, Nepal, Sri Lanka, Bhutan, and Mauritius. PhonePe also provides merchant payment acceptance through QR codes, SmartSpeakers, EDC machines, payment links, and its payment gateway. The gateway supports UPI, cards, and net banking, with Shopify and WooCommerce integrations listed. The company is headquartered in Bengaluru, India, and says it was founded in 2015.

Who it is for

PhonePe suits Android or iOS users in India seeking money transfers, bill payments, recharges, and travel bookings in one app. Businesses can consider its separate merchant acceptance and gateway options.

What is good

Supports transfers to UPI IDs, mobile numbers, and bank accounts.
Lists instant transfer speed and tracking.
Offers scheduled transfers.
Supports a range of bill payments and recharges.
Consumer app is free.

What to know first

International UPI is limited to select merchants in listed countries.
Gateway enterprise pricing is custom and not listed.
Gateway Standard Plan terms include “*T&C Apply”.

Verdict

PhonePe combines money transfers and everyday payments with travel and financial services. Its gateway also targets businesses, with custom pricing for high-volume enterprise users.

PhonePe plans and pricing

All plans

Standard Plan Free Zero hidden charges · Zero setup fee · Zero annual maintenance fee · *T&C Apply phonepe.com · 3 Oct 2026

Enterprise Plan Not published Personalised pricing plans for high-volume businesses · Priority onboarding · Dedicated account manager phonepe.com · 3 Oct 2026

Compared on money transfer apps

Free plan: Yesphonepe.com

Facts

Recipient methods: bankphonepe.com · 20 Sept 2026
Transfer speed: instantphonepe.com · 20 Sept 2026
Mobile platforms: bothphonepe.com · 20 Sept 2026
Upfront fee display: Yesphonepe.com · 20 Sept 2026
Transfer tracking: Yesphonepe.com · 20 Sept 2026
Scheduled transfers: Yesphonepe.com · 20 Sept 2026
Digital payments: PhonePe lets users transfer money, scan and pay, check balances, manage payment needs, and pay bills.phonepe.com · 3 Oct 2026
Payments and recharges: Users can send money to a UPI ID, mobile number, or bank account, pay utility bills, and recharge mobile, DTH, FASTag, Google Play, and Apple Store balances.phonepe.com · 3 Oct 2026
Financial services: PhonePe offers financial services including insurance, lending, and wealth, alongside its digital payments platform.phonepe.com · 3 Oct 2026
Travel: PhonePe says users can book flights, hotels, cabs, and metro tickets, buy bus and train tickets, and recharge FASTag.phonepe.com · 3 Oct 2026
International UPI: PhonePe says users can make UPI payments at select merchants in Singapore, UAE, Nepal, Sri Lanka, Bhutan, and Mauritius.phonepe.com · 3 Oct 2026
Merchant gateway: The PhonePe Payment Gateway supports UPI, credit and debit cards, and net banking, and its pricing page names Shopify and WooCommerce integrations.phonepe.com · 3 Oct 2026
Gateway pricing: The pricing page lists a Standard Plan as “Free*” with zero setup and annual maintenance fees, and Enterprise pricing as custom for high-volume businesses.phonepe.com · 3 Oct 2026
Gateway tools: The gateway page lists payment links, UPI AutoPay, standard checkout, international payments, dynamic QR, device tokenization, and quick checkout.phonepe.com · 3 Oct 2026
Gateway reporting: PhonePe PG says its dashboard provides detailed reports and real-time analytics.phonepe.com · 3 Oct 2026
Security: PhonePe says transactions require fingerprint or face ID, UPI PIN, and password authentication, and that its security teams monitor transactions in real time for suspicious activity.phonepe.com · 3 Oct 2026
Gateway compliance: PhonePe says its Payment Gateway complies with PCI DSS standards.phonepe.com · 3 Oct 2026
Merchant audience: PhonePe offers offline payment acceptance through SmartSpeakers, QR codes, and EDC machines, as well as gateway and payment link options for online businesses.phonepe.com · 3 Oct 2026
App availability: PhonePe describes its consumer app and PhonePe for Business as apps and provides an app download page.phonepe.com · 3 Oct 2026
Company history: PhonePe says it was founded in December 2015 and that its app went live in 2016.phonepe.com · 3 Oct 2026