PhonePe plans expansion, eyes $50 billion in transactions in 2019

PhonePe via Bharat Bill Payment System (BBPS) plans to get into a number of new verticals, including fee payments in schools and colleges, payments at hospitals and other services

Eyeing the top spot in 2019, Walmart-owned Flipkart's mobile wallet PhonePe is planning to cross $50 billion in transactions in 2019. The company is planning major expansion in areas, including travel and ticketing, events, payments of services, as well as increasing its reach in tier-III and rest of the cities in India.
 
According to Yuvraj Singh Shekhawat, head of offline organised business at PhonePe, the point of sale (POS) device would be an important part of its strategy. “To that end, our primary focus is on working with merchants across categories to experiment and evolve multiple form factors of