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PhonePe is an Indian digital payments and financial services company headquartered in Bengaluru, Karnataka, India. [5] [6] It was founded in December 2015, [7] [2] by Sameer Nigam, Rahul Chari and Burzin Engineer. [8] The PhonePe app, based on the Unified Payments Interface, went live in August 2016. [9] [10]
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To make payments easier, Indians living abroad who have mobile numbers in the UAE can download the PhonePe app and link their current NRE and NRO accounts. PhonePe will also launch inbound remittance services as soon as the corridor for inward remittances is activated, eliminating the need for information like bank account numbers and IFSC codes.
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The PhonePe app is available in over 10 Indian languages. Using PhonePe, users can send and receive money, recharge mobile, DTH, datacards, make utility payments and buy gold. In addition PhonePe also allows users to book Ola rides, pay for Redbus tickets and avail Goibibo Hotel services through microapps on its platform.
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