Monday, April 19, 2021
Home Business PhonePe Now Has 250 Million Registered Users

PhonePe Now Has 250 Million Registered Users

PhonePe is accepted at 13 million merchant outlets across 500 cities

Digital payments platform PhonePe on Monday claimed it has crossed the 250 million registered users in the country.

The company also reported over 100 million monthly active users (MAU) and 2.3 billion app sessions in October.

Follow NewsGram on Twitter to stay updated about the World news.

“Our next target is to cross 500 million registered users by December 2022,” said Sameer Nigam, CEO, and Founder of PhonePe.

PhonePe said it processed a record 925 million transactions in the month of October, with an annual TPV (total payment value) run rate of $277 billion.

phonePe users
PhonePe is one of the leading digital payment apps. Flickr

The company also processed 835 Million UPI transactions in October, for a market-leading share of over 40 percent.

“We are on a mission to make digital payments a way of life for every Indian citizen,” Nigam added.

ALSO READ: Google Rolled Out New Features In Meet Video Conferencing App

In August, the digital payments platform said that it will enable digital payments for over 2.5 crore small merchants across India in the next one year.

PhonePe is accepted at 13 million merchant outlets across 500 cities. (IANS)



Most Popular

What Is The Significance Of World Heritage Day 2021?

April 18 is observed as World Heritage Day or the International Day for Monuments and Sites. Proposed by the International Council on Monuments and...

New Self Cleaning Material To Aid Reuse Of Face Masks, PPE

Researchers at the Indian Institute of Technology Mandi have developed a novel virus-filtering, self-cleaning and antibacterial material that can be used to make and...

Regardless Of Ethnic Influences, Jewish Food Adheres To A Strict Dietary Code

When a community decreases in numbers, its traditional food becomes a memory and it is to ensure that this memory prevails that award-winning author...

Is Congress Willing To Open Its Doors For Cherian Phillip?

At one point of time in Kerala in the late eighties and nineties and till he left the Congress in a huff in 2001,...

In The Last 12 Months, 1 In Every 2 Indian Adults Was A Victim Of Cybercrime

More than one in two Indian adults (59 percent) experienced cybercrime in the last 12 months, as seven in 10 Indian adults (among those...

Here Are Some Ideas To Make Your Flooring Look More Appealing

Before finalizing the design of the flooring of your home, keep in mind some aspects such as textures, material, and finish. Decorating the floors...

Twelve Of Europe’s Top Football Clubs Formed A New Breakaway Super League

Twelve of Europe's top football clubs launched a breakaway Super League on Sunday, launching what is certain to be a bitter battle for control...

Here’s Why Both Underweight, Overweight Women Are At Higher Risk Of Miscarriages

Being underweight or overweight could significantly increase your risk of experiencing recurrent miscarriages, according to a study. The study, led by the University of...

Recent Comments