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SPECIFICTION
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PhonePe

phonepe.com

Free plan iOSAndroid
Visit phonepe.com
Spec score 8.4 #23 of 81 in Money Transfer Apps

What it is

PhonePe is a payments app for Android and iOS. It lets users send money to a UPI ID, mobile number, or bank account, with instant transfers, tracking, and scheduled transfers. Users can also scan and pay, check balances, pay utility bills, and recharge mobile, DTH, FASTag, Google Play, and Apple Store balances. The app includes insurance, lending, and wealth services, plus bookings for flights, hotels, cabs, metro, bus, and train travel. PhonePe says its international UPI payments work at select merchants in Singapore, the UAE, Nepal, Sri Lanka, Bhutan, and Mauritius. Businesses can accept payments through SmartSpeakers, QR codes, and EDC machines, or use payment links and the PhonePe Payment Gateway. The gateway supports UPI, credit and debit cards, and net banking. Its Standard Plan is free, with zero setup and annual maintenance fees; Enterprise pricing is custom for high-volume businesses. PhonePe was founded in 2015 and is headquartered in Bengaluru, Karnataka, India.

Spec sheet

Free plan
YesRead 20 Sep 2026 · phonepe.com
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.Read 3 Oct 2026 · phonepe.com
Headquarters
PhonePe describes itself as an India-headquartered technology company.Read 3 Oct 2026 · phonepe.com
Founded
2015Read 23 Sep 2026 · phonepe.com
App availability
PhonePe describes its consumer app and PhonePe for Business as apps and provides an app download page.Read 3 Oct 2026 · phonepe.com
Company history
PhonePe says it was founded in December 2015 and that its app went live in 2016.Read 3 Oct 2026 · phonepe.com
Digital payments
PhonePe lets users transfer money, scan and pay, check balances, manage payment needs, and pay bills.Read 3 Oct 2026 · phonepe.com
Financial services
PhonePe offers financial services including insurance, lending, and wealth, alongside its digital payments platform.Read 3 Oct 2026 · phonepe.com
Gateway compliance
PhonePe says its Payment Gateway complies with PCI DSS standards.Read 3 Oct 2026 · phonepe.com
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.Read 3 Oct 2026 · phonepe.com
Gateway reporting
PhonePe PG says its dashboard provides detailed reports and real-time analytics.Read 3 Oct 2026 · phonepe.com
Gateway tools
The gateway page lists payment links, UPI AutoPay, standard checkout, international payments, dynamic QR, device tokenization, and quick checkout.Read 3 Oct 2026 · phonepe.com
International UPI
PhonePe says users can make UPI payments at select merchants in Singapore, UAE, Nepal, Sri Lanka, Bhutan, and Mauritius.Read 3 Oct 2026 · phonepe.com
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.Read 3 Oct 2026 · phonepe.com
Merchant gateway
The PhonePe Payment Gateway supports UPI, credit and debit cards, and net banking, and its pricing page names Shopify and WooCommerce integrations.Read 3 Oct 2026 · phonepe.com
Mobile platforms
bothRead 20 Sep 2026 · phonepe.com
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.Read 3 Oct 2026 · phonepe.com
Recipient methods
bankRead 20 Sep 2026 · phonepe.com
Scheduled transfers
YesRead 20 Sep 2026 · phonepe.com
Transfer speed
instantRead 20 Sep 2026 · phonepe.com
Transfer tracking
YesRead 20 Sep 2026 · phonepe.com
Travel
PhonePe says users can book flights, hotels, cabs, and metro tickets, buy bus and train tickets, and recharge FASTag.Read 3 Oct 2026 · phonepe.com
Upfront fee display
YesRead 20 Sep 2026 · phonepe.com

Plans and prices

Standard Plan Free Zero hidden charges · Zero setup fee · Zero annual maintenance fee · *T&C Apply Read 3 Oct 2026 · phonepe.com
Enterprise Plan Priced on request Personalised pricing plans for high-volume businesses · Priority onboarding · Dedicated account manager Read 3 Oct 2026 · phonepe.com

Every PhonePe plan and price →

Strong points and limits

Strong points

  • Instant transfers with tracking and scheduling
  • Supports bank transfers and bill payments
  • Includes travel bookings and financial services
  • Merchant gateway supports UPI, cards, and net banking

Limits

  • Available platforms are limited to Android and iOS
  • Enterprise gateway pricing is custom
  • Standard Plan terms include T&C Apply

Who it suits

It suits people in India who want one app for money transfers, bills, recharges, and travel bookings. Businesses can use its listed offline acceptance options or online gateway and payment links.

Verdict

PhonePe combines consumer payments and related services with merchant payment options. Its free app and listed gateway options cover a broad range of payment needs.

Where Specifiction places it

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