PhonePe is a mobile payments app that allows users to send and receive money instantly by using their mobile number. The app is based on Unified Payments Interface (UPI) and a digital wallet, making digital payments easy, safe, and widely accepted. PhonePe also offers additional services such as insurance buying, mobile recharges, bill payments, and bank transfers. The company's goal is to eliminate the need for carrying cash or cards by providing a seamless digital payment experience for both customers and businesses. Founded in 2015 and based in Mumbai, India, PhonePe is focused on making digital payments more accessible and convenient for users.