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Digital payments platform PhonePe has processed over 500,000 transactions through UPI during the first two days of parent Flipkart's Big 10 sale, translating to more UPI transactions than the country saw in any two days last month.
According to data furnished by the RBI, 6.9 million UPI transactions were made during the month of April or an average of around 230,000 transactions a day. By itself, PhonePe has beaten that number and has given India's indigenous payment system a massive boost in the process.
"Over two lakh customers transacted on UPI for the first time which is a
According to data furnished by the RBI, 6.9 million UPI transactions were made during the month of April or an average of around 230,000 transactions a day. By itself, PhonePe has beaten that number and has given India's indigenous payment system a massive boost in the process.
"Over two lakh customers transacted on UPI for the first time which is a
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