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Flipkart-owned PhonePe clocks USD 2.5 bn runrate in July

Flipkart-owned digital payments company PhonePe today said it has achieved an annual run rate of USD 2.5 billion in the total payment volume (TPV) on its platform.

Tags: phonepe, flipkart, tpv, phonepe tpv, sameer nigam

August 24, 2017  |  comments ( 0 )  | 
Flipkart-owned PhonePe clocks USD 2.5 bn runrate in July

Flipkart-owned digital payments company PhonePe today said it has achieved an annual run rate of USD 2.5 billion in the total payment volume (TPV) on its platform.

"The monthly transactions on our platform have grown 800 per cent since December last year, fuelled by the exponential growth in number of online merchants, mobile recharges and bill payment transactions," PhonePe co-founder and CEO Sameer Nigam said. He added that a significant lever of growth has been UPI-based transactions on its platform.

 

 


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