Made in India, by Indians, for Indians: How PhonePe created 22,000+ jobs nationwide

Leading fintech company PhonePe released its first annual report, which provides a comprehensive overview of the company's vision, strategy, governance, and financial performance.

The report highlights PhonePe’s commitment to transparency and accountability while showcasing its approach to delivering innovative financial solutions for India.

On the release of the report, Sameer Nigam, CEO and Founder PhonePe, said, "At PhonePe, our goal is to build internet platforms that empower Indian citizens to improve their lives and achieve their aspirations. We believe continuous innovation is key to shaping a modern, developed economy by India’s 100th anniversary of independence. Free market competition, driven by product innovation and service excellence, is the future. Transparency is central to this, which is why we are proud to release our first annual report. We hope that it will give readers a better understanding of our operating philosophy, culture and governance model, and our business strategy."

Here are some key highlights:

Made in India, by Indians, for Indians: The report outlines PhonePe’s India-first ethos and vision. From moving its domicile to India and creating over 22,000 jobs nationwide to embracing India's DPI initiatives early and making industry-leading investments in the Indian internet ecosystem, PhonePe has been committed to driving financial inclusion and digital growth in the country. Looking ahead, it will continue to deliver homegrown solutions that empower the next generation of digital natives in India.

Building a great company: PhonePe aims to create a multi-generational Indian company that employees, customers, partners, and investors are proud of. The foundation of this vision is a strong organisational culture and core values. With an experienced leadership team, marquee investors, and a professional Board of Directors, the company prioritises long-term sustainable growth, and strong governance and compliance. PhonePe Group runs multiple businesses across financial sectors and is regulated by the Reserve Bank of India (RBI), Securities and Exchange Board of India (SEBI), Insurance Regulatory and Development Authority (IRDAI), and Unique Identification Authority of India (UIDAI).

Product development and technological infrastructure: PhonePe is building exceptional products on a strong technological foundation. The report highlights the core platforms driving innovation and outlines PhonePe’s strategy for ensuring tech resilience and scalability in a dynamic market.

Industry outlook and financial performance: The report provides insights into the future of the payments industry, identifying key trends and challenges. It also details PhonePe’s operating and financial performance, including standalone and consolidated financial statements that showcase the company's growth.