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Grapevine

PhonePe Records 158X Jump in Monthly Transactions Over 6 Years

  • PhonePe reported a 158X growth in monthly transactions from March 2018 to March 2024.
  • The total value of transactions processed in a month surged 151X to reach INR 10.47 Lakh Cr in March 2024.
  • As of March 2024, PhonePe had nearly 53 Cr registered users and around 20 Cr monthly active customers.
  • Over 80% of users and merchants are located outside India’s top eight districts.
  • PhonePe turned profitable before ESOP costs during the financial year ended March 31, 2024.

Source: Inc42

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