Acronyms that contain the term phonepe
What does phonepe mean? This page is about the various possible meanings of the acronym, abbreviation, shorthand or slang term: phonepe.
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What does phonepe mean?
- PhonePe Private Limited, d/b/a PhonePe, is an Indian e-commerce payment system and digital wallet company headquartered in Bangalore, India. It was founded in December 2015, by Sameer Nigam and Rahul Chari. PhonePe app went live in August 2016 and was the first payment app built on Unified Payments Interface (UPI).The PhonePe app is available in over 11 Indian languages. Using PhonePe, users can send and receive money, DTH, recharge mobile, data cards, make utility payments, buy gold and shop online and offline. In addition PhonePe also allows users to book Ola rides, pay for Redbus tickets, order food on Freshmenu, eaf,fit and avail Goibibo Flight and Hotel services through microapps on its platform. PhonePe is accepted as a payment option across 5 million offline and online merchant outlets covering food, travel, groceries, movie tickets etc. The app crossed 100 million user mark in June 2018 and also crossed 5 billion transactions in December 2019.It is licensed by the Reserve Bank of India for issuance and operation of a Semi Closed Prepaid Payment system.