Users
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PhonePe is an Indian mobile-payment app built around UPI bank transfers, with QR purchases, bills and recurring mandates. The platform reported 700 million-plus lifetime registrations in April 2026, while its merchant tools connect the consumer app with online and shop payments.
Use cases:
Channels:
Initiation:
Markets
1TPV
$156BTransactions
12BEstimated Monthly Usage, Aurato Research, October 2026
Capabilities
Initiation & Authentication
Funding & Requirements
Processing & Settlement
Transaction Management
Refunds & Disputes
Additional native capabilities
Markets
Estimated Monthly Usage, Aurato Research, October 2026
PSPs
Schemes
Compliance
Regulator
Reserve Bank of India











