PhonePe Merchant Operations Associate Salaries by 4 Employees (Updated 2025)

2 - 6 years exp.

₹5.5 Lakhs - ₹6 Lakhs

Low Confidence

Salary of majority employees

52% more than the average Merchant Operations Associate Salary in FinTech Companies for 2 - 6 years of experience

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Last Updated: 19 Feb 2025

Companies similar to PhonePe for Merchant Operations Associate

Company name	Avg Annual Salary	Open Jobs
Paytm Merchant Operations Associate Salary 1 - 4 years exp. (7 salaries)	₹3.2 L/yr - ₹3.7 L/yr 37% less
PayPal Merchant Operations Associate Salary 0 - 9 years exp. (3 salaries)	₹7 L/yr - ₹10 L/yr 50% more
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Groupon Merchant Operations Associate Salary 0 - 7 years exp. (54 salaries)	₹3 L/yr - ₹5.3 L/yr 31% less
IBO Merchant Operations Associate Salary 4 - 9 years exp. (4 salaries)	₹3.3 L/yr - ₹7 L/yr 21% less
Mobikwik Merchant Operations Associate Salary 0 - 6 years exp. (4 salaries)	₹1.8 L/yr - ₹4.2 L/yr 41% less

Merchant Operations Associate salary at PhonePe ranges between ₹5.5 Lakhs to ₹6 Lakhs per year for employees with experience between 2 years to 6 years. Salary estimates are based on 4 latest salaries received from various employees of PhonePe.

Experience wise PhonePe Merchant Operations Associate salaries

Last Updated: 19 Feb 2025

Experience	Avg Annual Salary
2 years (AmbitionBox Estimate)	₹2.3 L/yr - ₹6 L/yr
3 years (AmbitionBox Estimate)	₹5.2 L/yr - ₹6.7 L/yr
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4 years (AmbitionBox Estimate)	₹5.2 L/yr - ₹6.7 L/yr
5 years (AmbitionBox Estimate)	₹5.5 L/yr - ₹10.3 L/yr
6 years (AmbitionBox Estimate)	₹2.3 L/yr - ₹6 L/yr

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Salary related reviews for PhonePe

3.0

Rated by 1 employees for salary & benefits

Operations Analyst in Bangalore / Bengaluru

Full Time

Customer Success, Service & Operations Department

4.0

• posted on 14 Aug 2024

3.0

for Salary and Benefits

Likes

The lunch is provided. The half yearly outings were good earlier.

Job security - Good

Dislikes

Cab costs 1500 deduction from salary, you won't grow or learn anything useful but it's a window dressing that they do is what they like to show. Too much of favouritism and biasness. Career Path Projects are a trap. Affairs inside the office and terrible moulding of bau of their people making exceptional cases. All manipulation and show off in LGBTQ community though giving none importance to mental health and even physical be it even pregnancy. Birthday leave, marriage leave, mourning leaves etc are not there anymore.

Skill development - Poor

+1 more

Team Lead in Gharaunda

Full Time

Sales & Business Development Department

4.0

• posted on 08 Oct 2024

3.0

for Salary and Benefits

Likes

Salary come on timely every time

Skill development - Excellent

+3 more

Dislikes

Seniors Manipulate Juniors & Give Them Fake promise about their Promotion & Appairasel. Seniors only complete their Target by juniors with fake promise & Upper Management never take follow up from ground level

Company culture - Poor

Sales Executive in New Delhi

Full Time

Sales & Business Development Department

5.0

• posted on 28 Nov 2023

5.0

for Salary and Benefits

Likes

Company culture is very good , TSM and ASM are very supporting. Dislikes. No. Work Details. Work policy: 2 days/week from office. Work days: .

Salary - Excellent

+6 more

Dislikes

Apart from getting salary on time, there's nothing to like about this company. Dislikes. Huge work pressure on weekends also you have to work. Upper management ...

Customer Support Executive in Bangalore / Bengaluru

Full Time

Customer Success, Service & Operations Department

3.0

• posted on 21 Aug 2023

3.0

for Salary and Benefits

Likes

Compared to other companies decent salary and job security, but if u dont grow in 2 years after staying in same position time to change job here...

Job security - Good

Dislikes

As usual office politics only selected folks can grow but the company is really good .. And if u have excellent skills no one can stop u to grow here lots of opportunitys.

Promotions - Bad

+2 more

Sales Executive in Prayagraj / Allahabad

Full Time

Sales & Business Development Department

4.0

• posted on 03 Aug 2020

3.0

for Salary and Benefits

Likes

Good environment company policies r good

Skill development - Good

+2 more

Dislikes

The issue r not solve and salary r not increase no career growth working on 10k since 1 year the salary r not increase management say their is no policies in company for increase salary

see more salary related reviews

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a manager - business analyst

Shifting from Bangalore to Hyderabad

I’m working in Bangalore for last 9 years. Currently I got 2 offers. 1. CTS - Bangalore (CTC - 22.7 LPA) 2. Deloitte - Hyderabad (CTC - 24.2 LPA) Is it good move to shift to Hyderabad for Deloitte ? Is it ok to ask the HR if my base location can be changed to Bangalore ? Please share your thoughts

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PhonePe Merchant Operations Associate Salary FAQs

What is the salary of Merchant Operations Associate at PhonePe ?

The average salary of a Merchant Operations Associate at PhonePe in India typically ranges from ₹5.5 Lakhs to ₹6.0 Lakhs per year, depending on experience (from 2 years to 6 years).

The top 10% of Merchant Operations Associate at PhonePe earn more than ₹6.0 Lakhs per year, and the top 1% earn over ₹6.0 Lakhs per year. Merchant Operations Associate Salaries at PhonePe can be higher or lower depending on factors such as the specific team, level of experience, and additional benefits like bonuses and stock options.

These estimates are based on salary data submitted by 4 PhonePe employees in India.

What is the estimated take home salary of a Merchant Operations Associate at PhonePe in India?

The estimated take-home salary of a Merchant Operations Associate at PhonePe in India typically ranges from ₹43,892 to ₹44,999 per month. This is based on the average salary range of ₹5.5 Lakhs to ₹6.0 Lakhs per year for employees with experience ranging from 2 years to 6 years.The take-home salary is calculated after accounting for standard deductions such as taxes, provident fund (PF), and insurance. Salary estimates are based on 4 salaries received from various employees of PhonePe. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than PhonePe for Merchant Operations Associate in India?

PayPal

₹7.0 Lakhs to ₹10.0 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by PhonePe, depending on the role and experience level.

What is the salary of a Merchant Operations Associate in companies similar to PhonePe in India?

The salary of a Merchant Operations Associate at companies similar to PhonePe in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

IBO	₹3.3 Lakhs to ₹7.0 Lakhs per year
Groupon	₹3.0 Lakhs to ₹5.3 Lakhs per year
Paytm	₹3.2 Lakhs to ₹3.7 Lakhs per year
Mobikwik	₹1.8 Lakhs to ₹4.2 Lakhs per year

These companies, which operate in similar sectors, offer competitive salaries, although the range can vary based on the company and individual experience levels.

How the salary growth look like for a Merchant Operations Associate at PhonePe in India?

The salary growth for a Merchant Operations Associate at PhonePe depends on factors such as experience, performance, and promotions. On average, a Merchant Operations Associate can expect the following growth trajectory at PhonePe:

Experience	Average Salary Range
2 years	₹2.3 Lakhs to ₹6.0 Lakhs per year
3 years	₹5.2 Lakhs to ₹6.7 Lakhs per year
4 years	₹5.2 Lakhs to ₹6.7 Lakhs per year
5 years	₹5.5 Lakhs to ₹10.3 Lakhs per year

and so on.

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PhonePe Merchant Operations Associate Salaries

PhonePe Merchant Operations Associate salary in India ranges between ₹5.5 Lakhs to ₹6 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 PhonePe latest salaries received from various employees of PhonePe.