Metric definitions

Registered Users

Total unique users who have signed up with PhonePe Group by accepting the PhonePe terms & conditions.

Registered Merchants

Life till date total unique onboarded merchants.

Total Transactions

Total successful payment transactions either initiated by a PhonePe customer or received by a PhonePe registered merchant.

Total Payment Value

Total payment value of the total successful payment transactions either initiated by a PhonePe customer or received by a PhonePe registered merchant.

Average Transaction Value

Total payment value of the Total successful payment transactions either initiated by a PhonePe customer or received by a PhonePe registered merchant, divided by total such transactions.

P2P Transactions

Total successful peer-to-peer payment transactions by PhonePe customers.

Utility Transactions

Total successful payment transactions for recharge and bill pay services on the PhonePe app.

Business Transactions

Total successful payment transactions made by PhonePe customers to external or PhonePe registered merchants (excluding the recharge & billpay partners), along with transactions received by PhonePe registered merchants from any customer.

Registered Users from Tier-2 & Beyond

Percentage of LTD Registered Users who are geographically located outside the tier 1 in India based on based on RBI Classification & 2011 Census data.

Registered Merchants from Tier-2 & Beyond

Percentage of LTD Registered Merchants who are geographically located outside the tier 1 in India based on based on RBI Classification & 2011 Census data.