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Flipkart’s PhonePe crosses 1 Bn transactions in just over 2 years

5 2 69
16.11.2018

PhonePe just announced that it has crossed 1 billion transactions and reached an annual total payment value run rate of $38 billion.

Flipkart-owned PhonePe on Friday announced that it has crossed 1 billion digital payment transactions on its mobile app 26 months after it was launched. It claims to be the fastest growing payment app in the country.

Launched in September 2016, PhonePe earlier in June also announced that it has crossed the 100 million users mark. The company also announced that it had hitan annualised total payment volume (TPV) run rate of $38 billion last month.

Founders of PhonePe (L to R): Sameer........

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