Walmart-owned PhonePe digitises 25 mn merchants, kirana stores across India

The company said that offline merchant transactions on its platform have shown 200 per cent growth since last year

Walmart-owned digital payments firm PhonePe, said that it has digitized 25 million small merchants and kirana stores in India. The company also said that offline merchant transactions on its platform have shown 200 per cent growth since last year. PhonePe attributed this phenomenal growth to the rapid expansion it has seen in offline merchant acceptance across geographies, with a 1,25,000 strong field force who have been instrumental in driving and supporting the company’s merchant acceptance network across Bharat.

PhonePe competes with players such as Paytm, Google Pay and Amazon Pay.

“PhonePe has emerged as India's largest digital payments platform, and