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PhonePe
4.0
based on 2.2k Reviews
Proud winner of ABECA 2024 - AmbitionBox Employee Choice Awards
Company Overview
Associated Companies
Company Locations
Working at PhonePe
Company Summary
online portal for monetary transactions, bill payments and shopping
Overall Rating
4.0/5
based on 2.2k reviews
8% above
industry average
Highly rated for
Salary, Company culture, Job security
Work Policy
Work from office
56% employees reported
Monday to Saturday
61% employees reported
Flexible timing
53% employees reported
Within city
63% employees reported
View detailed work policy
Top Employees Benefits
Job/Soft skill training
104 employees reported
Health insurance
103 employees reported
Professional degree assistance
44 employees reported
Office cab/shuttle
43 employees reported
View all benefits
About PhonePe
Founded in2015 (10 yrs old)
India Employee Count10k-50k
Global Employee Count--
India HeadquartersBangalore,Karnataka, India
Office Locations
Websitephonepe.com
Primary Industry
Other Industries
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PhonePe Private Limited or PhonePe is an Indian e-commerce payment system and digital wallet company headquartered in Bangalore, India. It was founded in December 2015,[3] 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.
Vision: To build a large, scalable & open transaction ecosystem that creates the maximum positive impact for all stakeholders.
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AmbitionBox Best Places to Work in India Awards
Best of the best, rated by employees
PhonePe won India’s Largest Employee Choice Awards in Tech Startups Companies Category.
#6 Top Rated Tech Startups
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PhonePe Ratings
based on 2.2k reviews
Overall Rating
4.0/5
How AmbitionBox ratings work?
5
1.2k
4
450
3
249
2
98
1
214
Category Ratings
4.0
Salary
3.8
Company culture
3.8
Job security
3.8
Work-life balance
3.8
Skill development
3.6
Work satisfaction
3.4
Promotions
PhonePe is rated 4.0 out of 5 stars on AmbitionBox, based on 2.2k company reviews. This rating reflects a generally positive employee experience, indicating satisfaction with the company’s work culture, benefits, and career growth opportunities. AmbitionBox gathers authentic employee reviews and ratings, making it a trusted platform for job seekers and employees in India.
Read more
Gender Based Ratings at PhonePe
based on 2.1k reviews
3.5
Rated by 167 Women
Rated 3.5 for Job security and 3.4 for Salary
4.0
Rated by 1.9k Men
Rated 4.0 for Salary and 3.8 for Work-life balance
Work Policy at PhonePe
based on 430 reviews in last 6 months
Work from office
56%
Hybrid
36%
Permanent work from home
8%
PhonePe Reviews
Top mentions in PhonePe Reviews
+ 5 more
Compare PhonePe with Similar Companies
Change Company | Change Company | Change Company | ||
|---|---|---|---|---|
Overall Rating | 4.0/5 based on 2.2k reviews | 3.3/5 based on 7.2k reviews | 4.2/5 based on 179 reviews | 4.1/5 based on 119 reviews |
Highly Rated for | Salary Skill development Work-life balance | No highly rated category | Company culture Skill development Work-life balance | Skill development Salary Company culture |
Critically Rated for | No critically rated category | Job security Promotions Company culture | No critically rated category | No critically rated category |
Primary Work Policy | Work from office 56% employees reported | Work from office 46% employees reported | Work from office 45% employees reported | - |
Rating by Women Employees | 3.5 Good rated by 167 women | 3.2 Average rated by 610 women | 4.6 Excellent rated by 8 women | 4.4 Good rated by 16 women |
Rating by Men Employees | 4.0 Good rated by 1.9k men | 3.3 Average rated by 6.2k men | 4.2 Good rated by 147 men | 4.0 Good rated by 89 men |
Job security | 3.8 Good | 2.8 Poor | 3.7 Good | 3.6 Good |
View more
PhonePe Salaries
PhonePe salaries have received with an average score of 4.0 out of 5 by 2.2k employees.
Key Accounts Executive
(647 salaries)
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₹3.4 L/yr - ₹8.1 L/yr
Territory Sales Manager
(509 salaries)
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₹4.8 L/yr - ₹10.5 L/yr
Business Development Executive
(493 salaries)
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₹1.2 L/yr - ₹5 L/yr
Area Sales Manager
(382 salaries)
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₹7 L/yr - ₹15.8 L/yr
Business Development Associate
(368 salaries)
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₹2.4 L/yr - ₹6 L/yr
Software Engineer
(254 salaries)
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₹15 L/yr - ₹50 L/yr
Team Lead
(240 salaries)
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₹2 L/yr - ₹7 L/yr
Sales Executive
(210 salaries)
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₹1.5 L/yr - ₹4.5 L/yr
Senior Territory Sales Manager
(163 salaries)
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₹5.9 L/yr - ₹10.5 L/yr
Cluster Manager
(157 salaries)
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₹5.6 L/yr - ₹20 L/yr
PhonePe Interview Questions
Interview questions by designation
Top PhonePe interview questions and answers
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PhonePe Jobs
PhonePe News
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UPI transactions near 17 Bn in January
- The Unified Payments Interface (UPI) recorded 16.99 billion transactions worth Rs 23.48 lakh crore in January.
- This reflects a 39% year-on-year growth in transaction volume and a 28% increase in transaction value.
- PhonePe leads the UPI market with a 47.7% share of transaction volume, followed by Google Pay at 36.7% and Paytm at 6.87%.
- NPCI has extended the compliance timeline for Third-Party App Providers (TPAPs) exceeding the UPI volume cap until December 31, 2026.
Entrackr | 1 Feb, 2025
PhonePe’s guardrails: Foundations of trust and safety
- PhonePe focuses on trust and safety in digital payments.
- Identity verification through KYC processes, biometric verification, and document authentication.
- Intelligence-driven fraud detection and proactive interventions.
- Enhanced account and transaction safety with two-step validation and machine learning.
Yourstory | 30 Jan, 2025
Zepto shifts headquarters from Singapore to India
- Quick commerce platform Zepto has shifted its headquarters from Singapore to India.
- The transition, known as a reverse flip, allows Zepto to establish its headquarters in India and proceed with its IPO plans.
- Zepto joins other companies like Groww and PhonePe in relocating their domicile to India.
- In FY24, Zepto's revenue more than doubled to Rs 4,454 crore, with losses slightly reduced.
Yourstory | 28 Jan, 2025
How India’s UPI Revamp and WhatsApp Pay’s Expansion Could Transform Banking
- The National Payments Corporation of India (NPCI) has announced regulatory changes to increase competition and reduce dominance in the Unified Payments Interface (UPI) ecosystem.
- The 100 million user cap on WhatsApp Pay has been lifted, allowing Meta to expand the service to its 500+ million user base in India.
- NPCI has postponed the implementation of a market share cap for UPI apps, providing temporary relief to dominant players like PhonePe and Google Pay.
- UPI, developed by NPCI, has become the backbone of digital payments in India and is now expanding internationally.
Fintechnews | 22 Jan, 2025
Fintechs Switch To Direct Merchant Integration, Discontinue With Juspay
- Fintech companies are switching from third-party routers and payment orchestration platforms and choosing to focus on direct integration with their merchant base.
- PhonePe, Razorpay, and Cashfree Payments are among the fintechs discontinuing their partnership with payment orchestration platform Juspay.
- Fintechs are transitioning to direct integration to accelerate feature delivery, offer superior support, and enhance merchant experience.
- Juspay clarifies that it is a technology service provider to merchants and welcomes the development of payment aggregators building their own third-party routers.
Bloomberg Quint | 20 Jan, 2025
Electronics manufacturing startup Grid OS raises $500,000 in round led by Anupam Mittal, All In Capital
- Electronics design and manufacturing startup Grid OS has raised $500,000 in a funding round led by Anupam Mittal and All In Capital.
- The funds will be used to expand into multiple product categories and strengthen its presence in existing segments.
- Grid OS specializes in providing end-to-end product solutions for manufacturing in the B2B smart electronics space.
- The company recently secured a Rs 100 crore contract with PhonePe and has contracts in the automotive sector.
Economic Times | 18 Jan, 2025
Dunzo App & Website Down Amid Employees’ Exit
- The Dunzo app and website are currently down due to migration issues.
- New users are unable to sign in, and some regions have been unable to access the app.
- All employees of Dunzo have left the startup, including co-founder Kabeer Biswas.
- The startup is reportedly in talks with potential acquirers such as Reliance Retail, Flipkart, PhonePe, and Swiggy.
Inc42 | 13 Jan, 2025
UPI Continues To Shine In 2024, Transactions Cross 17,000 Cr Mark
- The Unified Payments Interface (UPI) recorded 17,220 crore transactions in 2024.
- The total value of transactions surged by 35% to INR 246.82 lakh crore.
- The UPI breakthrough month was December 2024 registering a new monthly high of 1673 crore transactions.
- Fintech apps such as PhonePe, Paytm, and others have made UPI one of the most convenient modes of payment.
- PhonePe continued to be the largest player in the UPI landscape with over 48% market share.
- Google Pay held onto its second spot with over 37% market share.
- Paytm retained its third position but saw its market share nearly halve to 7.03%.
- The industry welcomed NPCI’s decision to defer the implementation of its proposal to cap the market share of third-party payment apps (TPAPs) at 30%.
- Experts believe that the Indian people themselves will choose from dozens of new UPI apps available.
- NPCI announced the incorporation of NPCI BHIM Services Ltd (NBSL) and the RBI also launched UPI Circle.
Inc42 | 4 Jan, 2025
Dunzo Looking For A Distress Sale To Address Financial Woes: Report
- Dunzo, the hyperlocal delivery startup, is reportedly seeking a distress sale to address its financial woes.
- The company has approached potential buyers, including Reliance Retail, Flipkart, PhonePe, and Swiggy.
- Dunzo is looking for a buyer willing to assume its debt of INR 600 Cr and vendor liabilities in exchange for control of the firm.
- Despite attempts to raise additional funding, Dunzo's mounting losses and unsuccessful expansion efforts have led to the search for a distressed sale.
Inc42 | 3 Jan, 2025
Expanding UPI access
- The RBI has announced revisions to allow full-KYC PPIs to access UPI through third-party applications, removing barriers and enhancing interoperability.
- PPI issuers can now enable holders of their full-KYC PPIs to make UPI payments by linking the PPIs to their UPI handles.
- Third-party UPI applications like Google Pay and PhonePe can facilitate the discovery of full-KYC PPIs and enable their linking to their PSP handles.
- The move enhances convenience and accessibility for PPI holders, benefits merchants, and encourages innovation among third-party UPI providers.
HinduBusinessLine | 2 Jan, 2025
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• 223 reviews
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PhonePe FAQs
When was PhonePe founded?
PhonePe was founded in 2015. The company has been operating for 10 years primarily in the FinTech sector.
Where is the PhonePe headquarters located?
PhonePe is headquartered in Bangalore,Karnataka. It operates in 2 cities such as Bangalore / Bengaluru, Mumbai. To explore all the office locations, visit PhonePe locations.
How many employees does PhonePe have in India?
PhonePe currently has more than 23,000+ employees in India. Sales & Business Development department appears to have the highest employee count in PhonePe based on the number of reviews submitted on AmbitionBox.
Does PhonePe have good work-life balance?
PhonePe has a Work-Life Balance Rating of 3.8 out of 5 based on 2,100+ employee reviews on AmbitionBox. 74% employees rated PhonePe 4 or above, while 26% employees rated it 3 or below on work-life balance. This indicates that the majority of employees feel a generally balanced work-life experience, with some opportunities for improvement based on the feedback. We encourage you to read PhonePe work-life balance reviews for more details
Is PhonePe good for career growth?
Career growth at PhonePe is rated as moderate, with a promotions and appraisal rating of 3.4. 26% employees rated PhonePe 3 or below, while 74% employees rated it 4 or above on promotions/appraisal. This rating suggests that while some employees view growth opportunities favorably, there is scope for improvement based on employee feedback. We recommend reading PhonePe promotions/appraisals reviews for more detailed insights.
What are the pros of working in PhonePe?
Working at PhonePe offers several advantages that make it an appealing place for employees. The company is highly rated for salary & benefits, company culture and job security, based on 2,100+ employee reviews on AmbitionBox.
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