PhonePe Made A Record, 100 Million Transactions In A Day
PhonePe made a record, for the first time, 100 million transactions were done through the app in a day.
UPI payment app PhonePe has created a new record. The PhonePe app saw the highest number of transactions in a single day in March 2022.
Along with this, the UPI app has made a record of 100 million payments in a day. Let us know that the phone has more than 370 million registered users.
Also, the company claims that about 30 million offline users from small cities and towns have been digitized on its behalf.
PhonePe app was launched in the year 2015.
The company said that it has 165 million monthly active users, who currently make more than 2.5 billion digital payments on a monthly basis.
Whereas the annual payment value becomes about $ 780 billion. The PhonePe app was launched in the year 2015.
PhonePe app created a new record.
The PhonePe app has set a big milestone in terms of digital transactions.
According to the National Payments Corporate of India (NPCI) data, 2,527.15 million transactions worth Rs 4,71,401.26 crore were performed during March 2022 through the PhonePe app.
This has increased by 110 percent to Rs 2,31,412.33 crore from 1199.51 million transactions in March 2021 a year ago.
Transactions in March.
PhonePe (2.527.15 million) – Rs 4,71,401.26 crore.
Google Pay (838.12 million) – Rs 3,38,873.25 crore.
Paytm Payments Bank (837 million transactions) – Rs 95,650.36 crore.
WhatsApp (25.4 million transactions) – Rs 239.78 crore.
According to government data, the number of digital transactions increased to 55,540 million in the last four years i.e. FY 2020-21, from 31,340 million in the year 2018-19.
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