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PhonePe crosses milestone of 1 billion transactions on app

PhonePe crosses milestone of 1 billion transactions on app

Wednesday, November 21, 2018, 6:03 PM

Flipkart-owned PhonePe on November-21 said it has crossed 1-billion payment transactions on its mobile app. The company, which competes with Softbank-backed Paytm and Mobikwik, had crossed 100-million users in June. PhonePe has seen rapid acceptance across India including in its tier-2 and tier-3 cities. PhonePe is accepted as a payment option across 4.5L offline and online merchant-outlets covering food, travel, groceries, movie tickets etc.

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