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PhonePe logged a TPV of $651 bn

BNE ADMIN


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New Delhi: Fintech major PhonePe on Friday said it has logged an annualized total payment value (TPV) of $ 651 billion in December and reported 150 million monthly active users (MAU). The company has also crossed 350 million lifetimes registered users, which essentially means that one in four Indians now use Phone Pe, according to a statement. The registered user base has grown 28 percent from 273 million in January to 350 million in December 2021, it added. "We are delighted to cross the 350-million registered users mark, and emerge as India's largest digital payments platform across all core metrics," PhonePe Head of Consumer Platform and Payments Sonika Chandra said.

Source- PTI

BNE ADMIN