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PhonePe crosses 1 billion transactions, has 100 million users

PhonePe

PhonePe has crossed 1 billion digital payments transactions on its mobile app ever since its launch in August 2016. User metrics Crossed 1 billion transactions PhonePe crossed 100 million users in June Annual total payments value (TPV) run rate stands at $38 billion 450,000 online and offline listed merchants, as compared to 300,000 as of 31 October Claims "rapid" adoption in Tier 2 and even Tier 3 cities, competitor Paytm also claims to have garnered mass users in Tier 2 cities NPCI reported 235.6 million UPI transactions in July 2018, PhonePe claimed 40% which was the largest share of UPI market Claimed 150 million app installations as of October Additionally, it claims that all 29 states and 7 Union Territories used PhonePe during parent Flipkart's Big Billion Days this year. In October, PhonePe said it saw a 150% growth in transactions during…

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