The Finance Base / Digital wallets / PhonePe
phonepe.com
PhonePe
PhonePe is a free mobile payments app from Bengaluru-based PhonePe, founded in 2015. It supports transfers to UPI IDs, mobile numbers and bank accounts, bill payments, recharges and selected international UPI payments. The app runs on Android and iPhone. PhonePe also publishes separate gateway…
Visit phonepe.com ↗ What it costs
- 8.1 No. 18on Digital wallets
- Free planprice, as published
- Oct 3, 2026read on
What PhonePe costs
- Enterprise Plan Not published
- Standard Plan Free
The consumer app is free. The business gateway Standard Plan is free with zero setup and annual maintenance fees, subject to terms; Enterprise pricing is on request.
As phonepe.com publishes them, read Oct 3, 2026. Fees, tax and exchange rates can differ when you pay; check the provider's own page first.
Its statement
- Fee shown before you pay
- Yes
- How fast it lands
- instant
- Free plan
- Yes
- Free trial
- Not stated
- Runs on
- iPhone Android Web
- Facts on record
- 24
Fee shown before you pay
Strengths and limits
Strengths
- Free consumer plan for Android and iPhone
- Transfers to UPI IDs, mobile numbers and bank accounts
- Instant transfers with tracking and scheduled transfers listed
- Bills, recharges and selected international UPI payments
Limits
- Consumer transfer fees and exchange-rate margins are not published
- No consumer web or computer platform is listed
- International UPI is limited to selected merchants and countries
What PhonePe does
PhonePe lets people send money, scan and pay, check balances, manage payments and pay bills. Transfers can go to a UPI ID, mobile number or bank account, and the stated transfer speed is instant.
The app also supports mobile, DTH, FASTag, Google Play and Apple Store recharges. PhonePe lists insurance, lending, wealth services, travel bookings and selected international UPI payments among its wider offerings.
Fees and plans
The consumer app has a free plan.
For businesses, the Payment Gateway Standard Plan is listed as free, with zero setup and zero annual maintenance fees; terms and conditions apply. The Enterprise Plan has price-on-request pricing for high-volume businesses and includes personalized pricing plans, priority onboarding and a dedicated account manager.
The gateway pricing page names Shopify and WooCommerce integrations.
Where it runs
PhonePe provides mobile apps for Android and iPhone.
PhonePe also describes PhonePe for Business as an app and provides an app download page.
Protection, as PhonePe publishes it
PhonePe says transactions require fingerprint or face ID, a UPI PIN and password authentication. It also says its security teams watch transactions in real time for suspicious activity.
For its Payment Gateway, PhonePe says the service complies with PCI DSS standards.
Strengths
The app combines transfers, bill payments, recharges and balance checks in one mobile service. It supports UPI IDs, mobile numbers and bank accounts, with instant transfers stated.
PhonePe lists scheduled transfers, transfer tracking and upfront fee display. Its wider services include travel bookings and international UPI payments at selected merchants in six countries.
Catches and checks
The app is listed only for Android and iPhone; no consumer web or computer version is given. International UPI works only at selected merchants in Singapore, the UAE, Nepal, Sri Lanka, Bhutan and Mauritius.
Consumer transfer fees, exchange rates, transaction limits, minimums, holds and country coverage are unspecified. Check those details for the payment you plan to make.
The free gateway Standard Plan carries a terms-and-conditions note. Enterprise pricing is custom rather than a posted amount.
Who may want another option
PhonePe may not fit someone who needs a web or desktop consumer service, published consumer transfer pricing, or a stated dispute process. A reader comparing general services can review peer-to-peer payment apps or digital wallets.
Verdict
PhonePe suits users who want an Android or iPhone app for UPI transfers, bills, recharges and related payment services, with tracking and scheduled transfers listed. Its business gateway has a free Standard Plan and a custom Enterprise option.
It is less suitable for readers requiring desktop access or a published schedule of consumer fees, limits and dispute handling. International use is limited to selected merchants in the countries PhonePe names.
Who it suits
Pick it if
- Mobile users needing UPI transfers, bills and recharges
- Businesses comparing a free gateway plan with custom enterprise pricing
Skip it if
- You need a consumer web or desktop app
- You require published consumer fees, limits or dispute procedures
Facts we read
- App availabilityPhonePe describes its consumer app and PhonePe for Business as apps and provides an app download page. · phonepe.com, Oct 3, 2026
- Company historyPhonePe says it was founded in December 2015 and that its app went live in 2016. · phonepe.com, Oct 3, 2026
- Digital paymentsPhonePe lets users transfer money, scan and pay, check balances, manage payment needs, and pay bills. · phonepe.com, Oct 3, 2026
- Upfront fee displayYes · phonepe.com, Sep 20, 2026
- Financial servicesPhonePe offers financial services including insurance, lending, and wealth, alongside its digital payments platform. · phonepe.com, Oct 3, 2026
- Founded2015 · phonepe.com, Sep 23, 2026
- Free planYes · phonepe.com, Sep 20, 2026
- Gateway compliancePhonePe says its Payment Gateway complies with PCI DSS standards. · phonepe.com, Oct 3, 2026
- Gateway pricingThe pricing page lists a Standard Plan as “Free*” with zero setup and annual maintenance fees, and Enterprise pricing as custom for high-volume businesses. · phonepe.com, Oct 3, 2026
- Gateway reportingPhonePe PG says its dashboard provides detailed reports and real-time analytics. · phonepe.com, Oct 3, 2026
- Gateway toolsThe gateway page lists payment links, UPI AutoPay, standard checkout, international payments, dynamic QR, device tokenization, and quick checkout. · phonepe.com, Oct 3, 2026
- HeadquartersPhonePe describes itself as an India-headquartered technology company. · phonepe.com, Oct 3, 2026
- International UPIPhonePe says users can make UPI payments at select merchants in Singapore, UAE, Nepal, Sri Lanka, Bhutan, and Mauritius. · phonepe.com, Oct 3, 2026
- Merchant audiencePhonePe offers offline payment acceptance through SmartSpeakers, QR codes, and EDC machines, as well as gateway and payment link options for online businesses. · phonepe.com, Oct 3, 2026
On these lists
Use instead
- 1
Monzo
Free plan · paid from £3/mo
9.5 Visit ↗ - 2
Guarda Wallet
Free plan
9.3 Visit ↗ - 3
PayPal Invoicing
Free plan
9.0 Visit ↗ - 4
Coinbase Wallet
Free plan
9.0 Visit ↗ - 5
Google Pay
Free plan
8.9 Visit ↗ - 6
8.8 Visit ↗
Questions
Is PhonePe free?
PhonePe lists a free consumer plan. Its Payment Gateway Standard Plan is also listed as free, with zero setup and annual maintenance fees subject to terms.
Where can I use PhonePe?
The consumer app runs on Android and iPhone. PhonePe says international UPI works at selected merchants in Singapore, the UAE, Nepal, Sri Lanka, Bhutan and Mauritius.
How can I send money with PhonePe?
The facts list transfers to a UPI ID, mobile number or bank account. Transfer speed is stated as instant.
What does PhonePe say about transaction security?
PhonePe says transactions require fingerprint or face ID, a UPI PIN and password authentication. It says security teams monitor transactions in real time for suspicious activity.
What are the PhonePe gateway plans?
The Standard Plan is free with zero setup and annual maintenance fees, subject to terms. Enterprise pricing is on request for high-volume businesses.
Is PhonePe yours?
Claim it for free to correct a fact, and see the places you can buy on The Finance Base.