Bengaluru, Jan 8: PhonePe recently marked a decade of innovation, celebrating ten years in India’s fintech ecosystem. This milestone represents a decade of driving progress and expanding financial access for millions, transforming the way India transacts and manages money.
In the year 2025, PhonePe reached a significant milestone by surpassing 600 million registered users, further cementing its role as a cornerstone of India’s digital economy. This year focused on deepening user trust and expanding accessibility through the launch of features such as UPI Circle, which enables delegated payments for trusted contacts, and PhonePe Protect, a security framework designed to safeguard millions against fraudulent transactions.
To further empower the merchant ecosystem, PhonePe introduced the Made-in-India SmartSpeaker and SmartPOD, driving financial inclusion for businesses nationwide. Through its Udyam Assist initiative in partnership with SIDBI, the company became one of the first institutions to deliver a digital-first integration for MSMEs, streamlining their access to formal credit. Additionally, PhonePe scaled its product offerings for consumers by launching affordable, essential protection such as Home Insurance and Health Insurance for India’s “Missing Middle,” while unlocking liquidity through innovative lending solutions such as Loan Against Mutual Funds, ensuring that key financial services are accessible to millions.
Reflecting on this journey, Sameer Nigam, Founder & CEO, PhonePe said
“The most exciting part of our ten-year journey is that, despite how far we have come, the summit is still not in sight. We don’t yet know how high or wide it will be, and that’s what makes it exciting. With thousands of passionate, driven people striving every day to be the best in their craft, this journey remains as meaningful and energising as ever.”
Rahul Chari, Founder & CTO, PhonePe added
“I am incredibly proud of what we have built at PhonePe. The goodwill and support from the industry and the wider ecosystem have been humbling. If there’s one lasting lesson from this journey, it’s building something people truly believe in, because passion is what turns an idea into impact.”
Since its inception, PhonePe has consistently redefined the Indian fintech landscape through a series of industry-first innovations aimed at democratizing financial services. From Digital Gold and Mutual Funds to making Insurance and Stock Broking accessible to the masses, the company has evolved from a payments app into a comprehensive financial ecosystem. Key milestones include the launch of PhonePe Business app, giving merchants clarity and control over their payments, and Merchant Lending to empower small businesses, Credit Line on UPI making access to credit seamless, the introduction of Cross-Border UPI and UPI Lite for frictionless transactions, and the 2024 launch of the Indus Appstore, Share.Market and Secured Lending platforms. By relocating its domicile to India in 2022 and continuously expanding into credit and wealth management, PhonePe has moved beyond simple utility to become an integral part of India’s financial fabric, ensuring that protection, investment, and credit are rights accessible to every citizen of the country.