PhonePe
7.5#29 in money transfer appsFree planFree planAndroidiOS
VisitPhonePe vs Wise
What both publish
| Fact | PhonePe | Wise |
|---|---|---|
| Company history | PhonePe says it was founded in December 2015 and that its app went live in 2016. | Wise says it launched in 2011 with a vision of making international money transfers cheap, fair, and simple. |
| Founded | 2015 | 2011 |
| Free plan | Yes | Yes |
| Headquarters | PhonePe describes itself as an India-headquartered technology company. | London, United Kingdom |
| Mobile platforms | both | The Wise app is available for iOS through the Apple App Store and for Android through Google Play. |
| Recipient methods | bank | bank |
| Scheduled transfers | Yes | Yes |
| 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. | Wise says it safeguards customer money separately from its own and uses two-step authentication to protect accounts and transactions. |
| Transfer speed | instant | On many popular routes, transfers can arrive within one day, the same day, or instantly. |
| Transfer tracking | Yes | The app shows the list and current status of transfers users have set up. |
| Upfront fee display | Yes | Yes |
PhonePe plans
- Standard PlanFree
- Enterprise PlanPriced on request
Wise plans
- Wise personal account and transfersFree
Pick PhonePe if…
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.
Pick Wise if…
Wise suits people sending money to overseas bank accounts or receiving payments from abroad. It may also suit users who want to track or schedule transfers and receive exchange-rate alerts.