Simplex

Simplex

Crypto Exchange On-Ramp

VS

PhonePe

Indian UPI Payments

PhonePe
Fees from
3.5%-5% per transaction vs Free for UPI, gateway fees vary
Features

0 shared

2 unique to Simplex · 2 unique to PhonePe
Regions

1 shared

2 unique to Simplex
Pay methods

2 shared

5 unique to Simplex · 3 unique to PhonePe
On licensing

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Show full specs
4 features · 10 payment methods · 3 regions. We don't rank these — they're here for reference.
Simplex Simplex
PhonePe PhonePe
Quick Facts
Fees
Standard transaction rate
3.5%-5% per transaction
Free for UPI, gateway fees vary
Settlement
Time to receive funds
1-24 hours
Same day
Founded
2014
2015
Headquarters
Tel Aviv, Israel
Bangalore, India
Sandbox / Test Mode
✓
✓
Webhook Support
✓
✓
Features
Crypto Support Unique
✓
—
High Risk Accepted Unique
✓
—
Instant Payout Unique
—
✓
Low Fees Unique
—
✓
Payment Methods
Simplex leads (7 vs 5)
Ach Unique
✓
—
Apple Pay Unique
✓
—
Credit Card
✓
✓
Debit Card
✓
✓
Google Pay Unique
✓
—
Mobile Wallet Unique
—
✓
Pix Unique
✓
—
Qr Code Unique
—
✓
Sepa Unique
✓
—
Upi Unique
—
✓
Regions
Simplex leads (3 vs 1)
Asia
✓
✓
Europe Unique
✓
—
North America Unique
✓
—

Simplex is best when you...

Crypto Exchange On-Ramp
Need Crypto Support
Not available with PhonePe
Need High Risk Accepted
Not available with PhonePe
Want coverage in Europe, North America
PhonePe doesn't cover these regions
View Simplex

PhonePe is best when you...

Indian UPI Payments
Need Instant Payout
Not available with Simplex
Need Low Fees
Not available with Simplex
View PhonePe

Frequently Asked Questions

What is the difference between Simplex and PhonePe?
They share 2 payment methods and 1 region. Simplex adds ACH, Apple Pay, Google Pay and 2 more that PhonePe does not list; PhonePe adds Mobile Wallet, QR Code, UPI that Simplex does not list; Simplex also covers Europe, North America; only Simplex offers Crypto Support, High Risk Accepted.
Which is cheaper, Simplex or PhonePe?
Simplex has published rates from 3.5%-5% per transaction; PhonePe has published rates from Free for UPI, gateway fees vary. Headline rates exclude fixed per-transaction fees, FX and chargeback costs, so model your own mix before deciding.
Where can I use Simplex and PhonePe?
Simplex lists 3 regions and 7 payment methods; PhonePe lists 1 and 5. both cover Asia. Check the country list on each profile before onboarding — regional coverage is not the same as local acquiring.
How do Simplex and PhonePe compare on integration and settlement?
both offer a sandbox; both support webhooks; Simplex settles in 1-24 hours, PhonePe in Same day.

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Data on this page is indicative and may be out of date — always verify fees, coverage, and terms directly with each provider before signing. Comparisons are generated from published data and provider-submitted updates; they are information, not advice or an endorsement. Some outbound links may earn us a referral commission — commissions never influence scores or rankings.

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