PhonePe crosses the 2 Billion monthly transaction mark

We just hit a big milestone in our journey. In Oct’21 the PhonePe app processed over 2 Billion transactions across UPI, credit and debut cards and wallets. We had crossed the 1 Billion monthly transaction mark in February this year, and have now hit the 2 billion milestone in just 8 months, cementing our position as India’s leading Fintech platform.

Our phenomenal growth comes on the back of rapid traction growth across Tier 2, Tier 3 cities and beyond. This growth is a clear indicator of strong user preference for the platform with the highest end-to-end success rates and superior product experience. PhonePe has seen over 145 Million Monthly Active Users, $600 Billion Annualized Total Payments Value (TPV) and digital transactions from over 19000 pin codes, constituting more than 99% of the country.

We will continue to build the most preferred digital payments and financial services destination for a billion+ Indians while transforming lives positively.

Author

Priya Patankar

Priya is a seasoned communications and marketing professional with over two decades of experience. Her career has spanned a diverse range of industries and roles, including internal and external communications, demand generation, and content marketing. She is a passionate writer at heart, dedicated to the art of simplifying complex ideas, making them accessible and easy to grasp. Discover her insights on the journey of PhonePe, the company's culture and values, and the ever-evolving Fintech landscape.