PhonePe achieves the 250 million user mark in India
PhonePe has announced it 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 2020.
PhonePe had a record month in October, processing 925 million transactions, its highest so far, with an Annual TPV Run Rate of $277 Billion. PhonePe also processed 835 Million UPI transactions in October, for a market leading share of over 40%.
Sameer Nigam, CEO and Founder of PhonePe says, ''We are thrilled to have crossed the 250 million user milestone, and are grateful that so many Indians continue to repose their trust in our services. We are on a mission to make digital payments a way of life for every Indian citizen, and our next target is to cross 500 million registered users by Dec 2022. In line with our brand ethos of ''Karte Ja. Badhte Ja'', we continue to launch new & 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.’’
Digital payments adoption in India has been booming over the last few years and PhonePe has led this adoption for customers across age groups, urban and rural areas, and income levels. This phenomenal growth is driven by the best-in-class payments success rates, fastest speed of transactions and an easy-to-use user interface which the PhonePe app offers.
Micro Focus’ CyberRes partners with Google Cloud for High-Scale secure cloud analytics
CyberRes, a Micro Focus line of business, announced a partnership with Google Cloud to sup...
TeamViewer expands partnership with RealWear
TeamViewer announced a major expansion of its partnership with RealWear, a provider of ass...
Arcserve extends its SaaS Backup offerings
Arcserve announced it has extended its SaaS Backup offering to provide simple, secure, and...
Crayon Software Experts India hosts Crayon Connect CIO Event 2022
Crayon Software Experts India has organized their flagship customer event, the Crayon Conn...
BPE Celebrates 22 years of Trust, Leadership & Success
Best Power Equipments (BPE) celebrated its 22nd anniversary on Saturday, 23 July 2022, at...
India Mobile Congress declares the schedule for 6th edition of the IMC
Hon’ble Minister of Communications, Electronics & Information Technology and Rai...
Neo4j hosts its Graph Data Summit in Bangalore
Neo4j hosted its first ever Graph Summit on July 21 2022 at Ritz Carlton, Bangalore. With...