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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