PhonePe alternatives
short answerRanked by how closely they match PhonePe on structure — custody, license type, card and overlapping markets — the nearest alternatives in the dataset are DANA, GoPay and GrabPay, which share the same traditional model, custodial custody and the same license type (E-money institution); all three are available in Asia. This is a similarity ranking from verified fields, not a popularity list or an editorial pick — all 8 peers are compared field by field below. No affiliate links.
The 8 closest alternatives
| neobank | type | hq | reported users | compare |
|---|---|---|---|---|
| DANA | traditional | Jakarta, ID | — | directory → |
| GoPay | traditional | Jakarta, ID | — | directory → |
| GrabPay | traditional | Singapore, SG | — | directory → |
| NayaPay | traditional | Karachi, PK | — | directory → |
| OVO | traditional | Jakarta, ID | — | directory → |
| SadaPay | traditional | Karachi, PK | — | directory → |
| Touch 'n Go eWallet | traditional | Kuala Lumpur, MY | — | directory → |
| GCash | traditional | Manila, PH | 94M users (2024) | directory → |
go deeperBack to the PhonePe profile, ask who owns PhonePe?, or filter your own shortlist in the directory.
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.