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PhonePe
4.0
based on 2.4k Reviews
Video summary
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 2.4k reviews
8% above
industry average
Highly rated for
Salary, Company culture, Job security
Work Policy
Work from office
51% employees reported
Monday to Saturday
61% employees reported
Flexible timing
53% employees reported
Within city
62% employees reported
View detailed work policy
Top Employees Benefits
Job/Soft skill training
103 employees reported
Health insurance
102 employees reported
Professional degree assistance
43 employees reported
Office cab/shuttle
41 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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View in video summary
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 2.4k reviews
Overall Rating
4.0/5
How AmbitionBox ratings work?
5
1.3k
4
488
3
274
2
111
1
227
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
3.5
Promotions
PhonePe is rated 4.0 out of 5 stars on AmbitionBox, based on 2.4k 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 2.3k reviews
3.5
Rated by 178 Women
Rated 3.4 for Salary and 3.4 for Job security
4.1
Rated by 2.1k Men
Rated 4.1 for Salary and 3.9 for Company culture
Work Policy at PhonePe
based on 554 reviews in last 6 months
Work from office
51%
Hybrid
40%
Permanent work from home
9%
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 2.4k reviews | 3.3/5 based on 7.6k reviews | 3.0/5 based on 2.4k reviews | 3.5/5 based on 2.2k reviews |
Highly Rated for | Salary Skill development Work-life balance | No highly rated category | No highly rated category | Job security |
Critically Rated for | No critically rated category | Job security Company culture Promotions | Promotions Company culture Work satisfaction | Promotions Salary Skill development |
Primary Work Policy | Work from office 51% employees reported | Work from office 48% employees reported | Work from office 88% employees reported | Work from office 62% employees reported |
Rating by Women Employees | 3.5 Good rated by 178 women | 3.2 Average rated by 629 women | 3.0 Average rated by 590 women | 3.8 Good rated by 467 women |
Rating by Men Employees | 4.1 Good rated by 2.1k men | 3.3 Average rated by 6.5k men | 3.0 Average rated by 1.7k men | 3.4 Average rated by 1.6k men |
Job security | 3.8 Good | 2.7 Poor | 2.9 Poor | 3.8 Good |
View more
PhonePe Salaries
PhonePe salaries have received with an average score of 4.0 out of 5 by 2.4k employees.
Key Accounts Executive
(686 salaries)
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₹2.9 L/yr - ₹7.5 L/yr
Territory Sales Manager
(545 salaries)
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₹4.7 L/yr - ₹10.5 L/yr
Business Development Executive
(514 salaries)
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₹1.2 L/yr - ₹5.1 L/yr
Business Development Associate
(318 salaries)
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₹2.4 L/yr - ₹5.9 L/yr
Software Engineer
(311 salaries)
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₹12 L/yr - ₹48.8 L/yr
Area Sales Manager
(251 salaries)
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₹6.5 L/yr - ₹15.5 L/yr
Sales Executive
(219 salaries)
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₹1.5 L/yr - ₹4.5 L/yr
Senior Territory Sales Manager
(179 salaries)
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₹5.9 L/yr - ₹10.7 L/yr
Cluster Manager
(173 salaries)
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₹8 L/yr - ₹21.4 L/yr
Team Lead
(149 salaries)
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₹2.2 L/yr - ₹6.4 L/yr
PhonePe Interview Questions
Interview questions by designation
Top PhonePe interview questions and answers
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PhonePe Jobs
Popular Designations PhonePe Hires for
Current Openings
PhonePe News
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India’s UPI Payment Services Restored After Nationwide Outage
- India’s Unified Payments Interface (UPI) suffered a major outage, affecting millions of users.
- Platforms like Google Pay, Paytm, and PhonePe experienced disruptions, leading to payment failures.
- NPCI confirmed service restoration without disclosing the cause of the outage.
- The incident highlights the need for a more resilient digital payment infrastructure in India.
TechJuice | 27 Mar, 2025
UPI services restored after widespread outage; NPCI says, 'faced intermittent technical issues'
- The Unified Payments Corporation of India (UPI) services were restored after a widespread outage.
- The National Payments Corporation of India (NPCI) faced intermittent technical issues, causing partial declines and delays.
- The disruption affected major digital payment platforms like PhonePe, Paytm, and Google Pay.
- Many users reported being unable to transfer funds or process payments during the outage.
ISN | 27 Mar, 2025
In AI Push, Centre Invites Startups To Share Anonymous Data For AIKosha
- The Centre is inviting private entities, including startups, to share anonymous, non-personal datasets of their users to the AIKosha platform.
- This move aims to scale up AI apps in India and provide enough data for training large language models (LLMs).
- Companies like Google, Uber, and PhonePe can share anonymized datasets without disclosing user identities.
- The AIKosha platform, launched by the Digital India Bhashini Division, offers a repository of datasets and AI models to foster AI innovation in India.
Inc42 | 26 Mar, 2025
Why Fintechs Are At War With Juspay
- After PhonePe, Razorpay, and Cashfree, Paytm has decided to discontinue its integrations with Juspay and opt for direct integration with merchants starting April 1st.
- Juspay's COO clarified that the company is a technology service provider to merchants and mentioned that the recent media reports regarding partnerships are incorrect.
- PGs began severing ties with Juspay after it received a payment aggregator licence from RBI and launched its PA service, HyperPG.
- Juspay introduced an open-source payments routing engine to provide merchants with more visibility and control over their payment infrastructure.
- Fintechs are opting for direct integration with merchants to offer end-to-end services and retain control over the payment processing value chain.
- Despite the conflict, Juspay remains a leader in payment orchestration, processing over 175 million transactions daily and achieving substantial revenue growth.
- Juspay trimmed its net loss and increased operating revenue, aiming for adjusted EBITDA profitability in the ongoing financial year.
- Gateways like Razorpay, Cashfree, and PhonePe aim to offer faster deployment and retain data integrity by integrating directly with merchants.
- Juspay's routing engine offers rule-based and dynamic gateway ordering, ensuring control over routing traffic and optimal gateway selection.
- The move by fintechs to distance themselves from Juspay stems from concerns of customer poaching and lack of transparency in routing engine operations.
Inc42 | 26 Mar, 2025
PhonePe Expands Insurance Offerings With Vehicle Coverage
- PhonePe has partnered with insurers to offer a new vehicle insurance plan for two-wheelers and four-wheelers.
- The initiative provides cost-effective online alternatives to conventional dealership insurance plans.
- PhonePe's expanded insurance portfolio includes coverage for vehicles, life, health, and travel.
- PhonePe aims to simplify insurance buying and make the process transparent and hassle-free for users.
Inc42 | 25 Mar, 2025
Paytm to stop using third-party payment orchestration, shifts to direct processing from April 1
- Paytm has announced that it will no longer use third-party payment orchestration platforms like Juspay and will instead process transactions directly.
- Starting April 1, 2025, Paytm Payments Services Limited (PPSL) will only support payments routed through its own system, and it has asked businesses to make the switch before the deadline to avoid service disruptions.
- Paytm is the latest major fintech company to move away from external orchestration services, joining Razorpay, PhonePe, and Cashfree Payments in an industry-wide shift.
- This shift reflects a trend among leading payment firms that are looking to offer integrated solutions without depending on external routing engines, signaling a major change in how digital payments are handled across India.
ISN | 25 Mar, 2025
The Complete List of India Fintech Unicorns (2025)
- India's fintech unicorns have become a symbol of the booming startup ecosystem, reshaping financial services with accessibility and technology.
- Backed by investor interest and government support, India's fintech growth story began in 2011 with InMobi as the first unicorn.
- Government initiatives like Startup India have fostered fintech growth, leading to IPOs, mergers, and acquisitions exceeding $4 billion in the last decade.
- As of March 2025, India boasts 27 fintech unicorns, with one being a decacorn valued over $10 billion.
- The fintech sector contributes 5% of total revenues in the BFSI industry, with payments and lending dominating 85% of capital raised.
- The number of registered fintech startups in India grew fivefold from 2,100 in 2021 to 10,200 in 2024.
- India's fintech unicorns are expanding globally and setting the stage for global fintech leadership.
- The unicorns are divided into categories including Payments, Lending Tech, Fintech Infra/SaaS, InsurTech, WealthTech, and Others.
- Leading payment unicorns include PhonePe, Paytm, BillDesk, Razorpay, Pine Labs, CRED, BharatPe, and PayU.
- In the Lending Tech category, Slice, Yubi, Oxyzo, InCred Finance, DMI Finance, and MoneyView are notable unicorns.
Fintechnews | 24 Mar, 2025
How Paytm’s Super App Machine Came To A Grinding Halt
- Paytm's super app ambitions have hit a roadblock, with the company facing financial struggles and shedding parts of its empire.
- The reliance on UPI payments for customer acquisition has led to financial losses in various verticals of the super app model.
- Regulatory hurdles, including the Zero MDR regime introduced in 2020, have negatively impacted Paytm's revenue generation from UPI transactions.
- The disruption in Paytm's payment business in 2024 has prompted strategic shifts, like divesting from PayPay and potentially Paytm First Games.
- Paytm's foray into ecommerce has been uncertain, while its focus on insurance and investments aims to fill revenue gaps.
- Paytm Money, the stockbroking arm, has shown promising revenue growth, but faces challenges like marketing costs and regulatory changes.
- Competition in the super app space is intensifying, with PhonePe emerging as a close revenue competitor to Paytm.
- The fragmented nature of the Indian market and consumer behavior pose challenges to the super app model, hindering Paytm's growth.
- Consumer dissatisfaction with expanding service offerings and limitations on choice are common challenges faced by super app players.
- As Paytm reassesses its super app strategy, the industry waits to see if other players will capitalize on the changing landscape.
Inc42 | 24 Mar, 2025
fintech-focused VC firm Ribbit Capital to raise $500 million for its latest flagship fund
- Fintech-focused VC firm Ribbit Capital plans to raise $500 million for its latest flagship fund.
- The San Francisco-based firm has previously invested in Indian fintech unicorns including CRED, Razorpay, BharatPe, and PhonePe.
- Despite facing a funding slowdown in India's fintech sector, Ribbit Capital has displayed a strong interest in the country.
- Globally, fintech investments have fallen, but recent developments suggest improving investor appetite.
ISN | 22 Mar, 2025
PhonePe Wealth launches mutual fund analysis tool CRISP
- The number of unique mutual fund investors in India has grown to 53 million as on December 31, 2024, according to AMFI.
- PhonePe Wealth has launched a mutual fund analysis tool called CRISP to help investors select appropriate funds based on consistency, risk, and investment style.
- The tool aims to provide actionable insights by converting the performance, risk, and portfolio data of mutual funds into simplified information for better decision-making.
- PhonePe Wealth is dedicated to supporting investors in their wealth creation journey by offering innovative tools and technological solutions.
HinduBusinessLine | 20 Mar, 2025
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PhonePe Subsidiaries
Zopper
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• 251 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 2,300+ 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 fairly well, with a promotions and appraisal rating of 3.5. 74% employees rated PhonePe 4 or above, while 26% employees rated it 3 or below on promotions/appraisal. Though the sentiment is mixed for career growth, majority employees have rated it positively. 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 2,300+ employee reviews on AmbitionBox.
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