PhonePe logs $388 billion in annual TPV run rate, crosses 1-billion UPI transactions in March
PhonePe logs $388 billion in annual TPV run rate, crosses 1-billion UPI transactions in March
Fintech major PhonePe on Thursday said it has hit an annual total payment value (TPV) run rate of USD 388 billion dollars in March this year.
The company, which competes with players like Paytm and Google Pay in the Indian digital payments market, said it has crossed the one-billion mark in terms of UPI transactions in the month of March.
"We crossed a billion UPI transactions in March, while our total transactions across all payment instruments (UPI, wallet and cards) was at 1.3 billion. We also hit an annual TPV run rate of USD 388 billion in March," a PhonePe spokesperson said.