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.