PhonePe on The Ladder of Success, Crossed 100 Million Users
The Bengaluru-based Flipkart-owned company PhonePe has reportedly made its way across 100 million registered users on its platform in less than two years of its inauguration. The company's annual total payments volume (TPV) have also received a boost crossing $20 billion in the month of May.
Paytm, the firm's close rival stated its annualised transactions amounting to $29 billion through its platform performing 63 million transactions in April, while the Digital payments firm PhonPe has performed 60 million transactions with a total of 30 million customers using Unified Payments Interface (UPI) in the month of May which is quite close to its competitor.
“We have gone from launch to 100 million users in just 21 months. Our next goal is to onboard a million merchants for our customers, a...