PhonePe
India's UPI giant — 600M+ registered; wallets, deposits marketplace, insurance.
The facts
| Category | traditional |
| HQ | Bengaluru, IN |
| Founded | 2015 |
| Custody | Custodial |
| Regulation type | Unclassified |
| Card | RuPay/UPI · UPI + cards |
| Cashback | Rewards |
| Stablecoins | No |
| KYC | Yes |
| Active regions | Asia |
| Reported users | 200M MAU (2025) |
Verified links: official site ↗
comparePut PhonePe side by side with any of the other 356 tracked neobanks in the directory — custody, licence, cashback, yield, stablecoins and geography in one view.
Peers
Wise · KakaoBank · WeBank · bKash · Maya · GCash
Figures compiled from public sources, for comparison only — not financial advice. "Up to" rates change constantly; always confirm with the issuer. Spotted an error? Suggest a fix.