Which banks are PhonePe’s payment partners? (2024)

FAQs

Which banks are supported by PhonePe? ›

PhonePe is an Indian digital payments and financial services company headquartered in Bengaluru, Karnataka, India. PhonePe was founded in December 2015, by Sameer Nigam, Rahul Chari and Burzin Engineer. The PhonePe app, based on the Unified Payments Interface (UPI), went live in August 2016.

There may be several reasons why you are unable to add your bank account on PhonePe. Here are a few things you can check: Your mobile number on PhonePe and the number you've registered with your bank account is the same. You've activated mobile banking services for the bank account you're trying to add.

Currently, UPI international payments through PhonePe is only supported at selected businesses in Bhutan, Singapore, Nepal, UAE, and Mauritius². To use UPI International, you must have a supported bank account connected to PhonePe³. Here is the list of banks supporting UPI International 👉.

You can transfer money from a PhonePe wallet to your bank account by selecting the PhonePe wallet option and then clicking on the withdrawal option.

Currently, the below banks support UPI International payments, HDFC Bank. Axis Bank. ICICI Bank.

Earlier, The NPCI had permitted non-residents from 10 countries, including the US, Canada and UAE, to digitally transfer funds using the UPI platform from NRE/NRO accounts. PhonePe has announced to expand its service cross the borders.

NRE/NRO Linked UPI

Non-Resident Indian (NRI) users may use/access the PhonePe App/PhonePe Platform by registering through their non-Indian mobile numbers linked with the Non Resident External (NRE)/ Non Resident Ordinary (NRO) bank accounts held with the Banks in India.

Is it necessary to have a bank account to use PhonePe? Yes. One cannot use PhonePe without having an active and valid bank account.

Yes, you can easily add multiple bank accounts to the PhonePe app. However, you need to set up one account as a primary account for making transactions.

How to add a bank account for PhonePe? ›

If you're unable to check your bank balance on PhonePe, it could be due to any one of the below reasons: Technical issues at your bank. Poor internet or network connectivity. You've entered a wrong UPI PIN once or too many times.

PhonePe login with international number connected to your HDFC-NRO NRE account.

PhonePe Group is an India headquartered technology company with a portfolio of businesses aligned with the company's vision to offer every Indian an equal opportunity to accelerate their progress by unlocking the flow of money and access to services.

The PhonePe Group was acquired by the Flipkart Group in 2016 and today is India's largest digital payments platform. The company builds products and offerings tailored to the Indian market, and with over 400 million registered users, more than one in four Indians are now using PhonePe.

If your bank is not listed on PhonePe, you will not be able to add your bank account to send and receive money through UPI. Please contact your bank for more information. Note: You can use other payment modes such as credit/debit cards and wallets to make payments on PhonePe.

UPI International is a new feature that enables you to make QR code payments using your account from a bank registered in India to select merchants abroad. Currently, you can make UPI International payments in the following countries: UAE.

Yes. One cannot use PhonePe without having an active and valid bank account. What if funds are debited from my account but due to some error it does not reach the payee? In such a case, the funds will be credited back into the account of the payee.