Chennai: PhonePe has announced crossing 350 million lifetime registered users.
‘The registered user base has grown by 28 per cent from 273 million in January to 350 million in December 2021. The company also reported 150Ā million monthly active users (MAU) and an annualised total payment value (TPV) of $650+ billion in December,’ it said in a statement.
It added: The company has been the market leader in UPI with over 45 per cent market share in terms of the volume of transactions processed in December. It also processed over 500 million transactions at physical stores (including kiranas) in December 2021. This was achieved due to the rapid expansion of PhonePeās merchant coverage spanning 25 million stores spread across 15,700 towns and villages, constituting 99 per cent of pin codes in India.