PhonePe

pmt_phonepe
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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:
Initiation:
Users
263M
Markets
1
TPV
$156B
Transactions
12B

Estimated Monthly Usage, Aurato Research, October 2026

Historical trends

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

Standards