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PhonePe: India's Leading Payment App

PhonePe is a leading digital payments platform in India with over 46 crore registered users and processing over $1 trillion in annual transactions. The app supports UPI, credit/debit cards, and wallet payments and is used by over 21 crore monthly active users for money transfers, bill payments, purchasing gold and insurance, and making offline and online payments accepted at over 35 million merchant locations across India. Recent developments include the launch of UPI Lite and enabling cross-border UPI payments and UPI activation using Aadhaar.

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Rishi Saraf
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96 views2 pages

PhonePe: India's Leading Payment App

PhonePe is a leading digital payments platform in India with over 46 crore registered users and processing over $1 trillion in annual transactions. The app supports UPI, credit/debit cards, and wallet payments and is used by over 21 crore monthly active users for money transfers, bill payments, purchasing gold and insurance, and making offline and online payments accepted at over 35 million merchant locations across India. Recent developments include the launch of UPI Lite and enabling cross-border UPI payments and UPI activation using Aadhaar.

Uploaded by

Rishi Saraf
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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PhonePe at a glance*

46+ 480+ $1+ 21+ 3.5+


CRORE CRORE TRILLION CRORE CRORE

REGISTERED MONTHLY ANNUAL MONTHLY MERCHANTS


USERS TRANSACTIONS TPV RUN RATE ACTIVE USERS LIVE ON THE APP

Only consumer app supporting all payment instruments


UPI, Credit/Debit cards, PhonePe wallet

Use cases:
‣ Money transfer, Recharges, Utility bill payments
‣ Credit card bill payments
‣ Buying 24K gold at real time market prices
‣ Online and offline merchant payments
‣ Buying Mutual Funds and Insurance

Reach:
Accepted at 35+ million offline stores covering 99% of pin codes
in India.

*Numbers as of April, 2023


News Bytes:

PhonePe goes live with UPI Lite

PhonePe’s local commerce app ‘Pincode’ goes live


on the ONDC network

PhonePe becomes India’s first fintech platform to

enable cross-border UPI payments

PhonePe hits USD $ 1 Trillion Annualised TPV


Runrate

PhonePe becomes the First UPI TPAP App to


enable UPI activation with Aadhaar

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