Sunday, November 18, 2018

Flipkart owned PhonePe crosses 1 billion transactions

Digital payments platform PhonePe claims to have crossed 1 billion transactions since its inception in September 2016. It claims to be the fastest fintech company to achieve this milestone within just 26 months of operation.
The Flipkart-owned company also hit an annual total payments volume (TPV) run rate of $38 Billion last month. This is almost double than PhonePe’s TPV figure of $20 billion announced in June, this year.

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