Friday, 24 March, 2023

PhonePe bags 2B transactions across payments channels in October

<p>PhonePe claimed to rack up 2B transactions across payment channels in October. Payments made using UPI&nbsp;and Bharat Bill Payment System were included. The company boosted its 45M monthly active users, $600 B annualized total payments and transactions from almost all over India (19K pin codes). The 4.2B UPI transactions amounted to Rs 7.71 lakh Cr, marking an all-time high for the five-year-old payments channel.</p> <p>&nbsp;</p>