Phi Commerce Secures $14M to Accelerate the Future of Digital Payments with PayPhi

Phi Commerce, the innovative force behind the groundbreaking PayPhi omni-channel payment processing platform, is excited to announce a funding milestone of 14,000,000. Founded in 2015, Phi Commerce has been at the forefront of digitizing payments in untapped, traditionally offline sectors. The PayPhi platform enables seamless digital transactions at the doorstep, online, and in-store through a multitude of channels including cards, net-banking, UPI, Aadhaar, BharatQR, wallets, NEFT, RTGS, and NACH, effectively transforming how payments are received and processed. This significant capital infusion will be strategically deployed to further enhance the PayPhi Digital Enablement suite, ensuring that even sectors heavily reliant on cash and cheque transactions can transition effortlessly into the digital age. With this fresh investment, Phi Commerce plans to expand its suite of custom-built payment enablers that integrate smoothly with legacy systems and complex workflows, addressing a wide array of use cases from merchants and consumers to banks and payment networks. The funding will also accelerate research and development initiatives, strengthen the company’s technology infrastructure, and support market expansion efforts to reinforce its position as a leader in end-to-end digital payment solutions. The company’s exceptional team, backed by nearly 100 years of collective global experience from industry giants such as Mastercard, ICICI Bank, and Euronet, remains committed to eliminating friction at every stage of the payment process. Recognized at prestigious forums and award ceremonies, including multiple wins at the Payments & Cards Awards, Phi Commerce is poised to redefine the digital payments landscape and drive a sustainable ecosystem for future financial transactions.