PhonePe crosses 2 bn monthly transaction mark

PhonePe announced that it has processed over two billion transactions on its platform in October 2021. ‘PhonePe had crossed the 1 billion monthly transaction mark in February this year, and has now hit the 2 billion milestone in just 8 months, cementing its position as India’s leading Fintech platform,’ it said in a statement.

The company added that PhonePe’s growth comes on the back of rapid traction across Tier 2, Tier 3 cities and beyond.