Value of transactions on PhonePe in Q4CY21 grew 26% sequentially to $155 bn

PhonePe platform drove a cumulative 6.63 billion transactions in Q4, according to key digital payment trends from PhonePe Pulse Q4 2021

Walmart-owned digital payments firm PhonePe platform drove a cumulative 6.63 billion transactions in Q4, a 26 per cent quarter-on-quarter (QoQ) jump, according to key digital payment trends from PhonePe Pulse Q4 (October-December) 2021. The Total Payment Value (TPV) of transactions processed grew 26 per cent QoQ to $155 billion, mirroring the growth in the number of transactions.Money transfers with UPI (unified payments interface) and merchant payments continued to register massive growth reaching 2.72 billion and 3.15 billion respectively. About 25 Million merchants were digitized across 15,700 towns and villages in India, which continued to help offline merchant payments register tremendous