UPI apps, wallets and neobanks

UPI apps and wallets 9 companies

UPI moves money from one bank account to another within seconds. These companies make the apps people pay with, and wallets and cards for everyday spending.

PhonePePhonePe, founded in Bengaluru, handles nearly half of India's UPI payments.Bengaluru · PuneHiring now

super.moneysuper.money, with engineers in Bengaluru, is Flipkart's UPI app, with cashback and credit on top.BengaluruHiring now

PaytmIncludes One97 Communications LtdPaytm, run by One97 Communications, made QR payments common in Indian shops and makes the speaker that announces each payment.

SuperPeSuperPe, with engineers in Bengaluru, lets customers pay bills and rent by credit card.

InnopayInnopay lets customers pay bills and rent by credit card.

The Card CompanyThe Card Company, with engineers in Delhi NCR, sells a premium prepaid wallet with a metal card.

BeyoundBeyound is a wallet run with Pine Labs.

NaviNavi, with engineers in Bengaluru, has a UPI app beside its loans.See alsoDigital lending and BNPL

OlaOla sells Ola Money, a wallet and pay-later product for its rides.See alsoRide-hailing and shared mobility apps

The tech, explainedDigital wallet UPI payment app UPI QR code and soundbox↗ In-store payments

Digital banks and money apps 7 companies

These companies offer an account and a card through a phone app, usually on top of a partner bank's licence, in India and abroad.

sliceslice, with engineers in Bengaluru, began by lending to young people through a card and is now a small finance bank, with an account, credit and UPI in one app.Bengaluru

JupiterJupiter, with engineers in Bengaluru, offers a savings account in an app, run on a partner bank's licence.Bengaluru

OnePayOnePay, backed by Walmart, is an American app for deposits that lets workers take out pay they have already earned before payday.Bengaluru

GreenlightGreenlight is an American debit card and app through which parents give children pocket money and teach them to invest.BengaluruHired recently

Niyo SolutionsNiyo offers digital accounts with partner banks and is best known for a travel card that adds no fee on foreign spending.

FairMoneyFairMoney is a Nigerian digital bank.

ScapiaScapia, with engineers in Bengaluru, sells a travel credit card.BengaluruHired recentlySee alsoVisa, trip planning and travel card apps

The tech, explainedNeobank Earned wage access (EWA)↗ Digital lendingSecured and co-branded credit cards↗ Digital lending

How it all worksDigital bankingYour money, from the app down to the core.

See how it works →

What's changing

The bank account is becoming just an app.

A growing number of people open, use and close their accounts entirely on a phone. The app company owns the customer, and the licensed bank behind it is often invisible.