PhonePe tops 100 mn transactions a day, does 2.5 bn transactions a month

The app has seen digital transactions from over 19,000 pin codes, constituting more than 99 per cent of the country

Walmart-owned digital payments firm PhonePe said that it has processed more than 100 million transactions in a single day. This phenomenal milestone is achieved on the back of the highest end-to-end success rates in the industry, and is testimony to the commitment and quality of PhonePe’s engineering team. The Bengaluru-based firm competes with players such as Paytm, Google Pay and Amazon Pay. It has 165 million monthly active users.

PhonePe currently processes over 2.5 billion transactions a month at an Annual TPV run rate of $780 billion and is India’s leading Fintech platform. PhonePe’s phenomenal growth comes on the back of