PhonePe hits 250 mn-user mark, registers 925 mn transactions in October
Flipkart-owned
fintech platform PhonePe on Monday
said it has crossed the 250 million registered user milestone.
The company
reported over 100 million monthly active users (MAU) and 2.3 billion app
sessions in October, a statement said.
"PhonePe
had a record month in October, processing 925 million transactions - its
highest so far - with an annual TPV (total payment volume) run rate of USD 277
billion. PhonePe also processed 835 million UPI transactions in October, for a
market leading share of over 40 per cent," it added.
Sameer
Nigam, CEO and founder of PhonePe, said the company has set a target of
crossing 500 million registered users by December 2022.
"In
line with our brand ethos of 'Karte Ja. Badhte Ja', we continue to launch new
and innovative products for every strata of Indian society, as well as enable
digital payment acceptance across every merchant in every village and town in
India," he added. Read More
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