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PhonePe profile

Who owns PhonePe?

traditional · Bengaluru, IN · E-money institution · custody: Custodial

short answerPhonePe is an e-money institution, not a bank. Customer money is safeguarded in segregated accounts at partner banks rather than held as insured deposits. PhonePe's most notable disclosed backers include Walmart, General Atlantic, Ribbit Capital and Tiger Global.

Is PhonePe a licensed bank?

No — it is an e-money institution. Licence detail: RBI PPI wallet (e-money issuer) + payment aggregator licence (2025); IRDAI insurance broking.

Where is your money held?

Custody model: Custodial.

No sponsor bank or infrastructure provider is publicly documented for PhonePe yet. Know one? Suggest it.

Early investors

Notable venture and strategic investors from PhonePe's publicly disclosed funding rounds.

Walmart ↗ General Atlantic ↗ Ribbit Capital ↗ Tiger Global ↗ Qatar Investment Authority ↗

Is my money safe with PhonePe?

As an e-money institution, PhonePe safeguards funds in segregated accounts rather than insuring them as deposits. That protection works differently from a bank — money is generally not covered by deposit-guarantee schemes, though it must be ring-fenced from the company's own funds.

go deeperSee the full PhonePe profile with every verified field, or PhonePe alternatives. Raw fields: data.json.

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.