PhonePe Statistics and User Count (2023)

Last Updated on: May 15th, 2023

PhonePe Statistics 2023 and PhonePe user count

Here are a few of the most interesting PhonePe statistics and facts I was able to dig up including PhonePe user counts. As always, be sure to check back in the future as I will be updating this post as new and updated stats become available.

PhonePe Statistics user count and Facts 2023PhonePe is a digital payment platform and financial technology company based in India. It was launched in 2015 and has since become one of the leading mobile payment apps in the country. PhonePe allows users to make payments, transfer money, recharge mobile phones, pay bills, and more, all through their smartphones.

PhonePe operates on the Unified Payments Interface (UPI) system, a real-time payment system developed by the National Payments Corporation of India (NPCI). With UPI integration, PhonePe enables users to link their bank accounts and make instant and secure transactions directly from their accounts.

The app offers a range of payment options, including person-to-person payments, payments to merchants, and utility bill payments. Users can also use PhonePe to pay for online shopping, book tickets for movies, flights, and hotels, and even invest in mutual funds.

PhonePe has gained popularity in India due to its user-friendly interface, quick transactions, and wide acceptance across various merchants and service providers. It has also introduced several features to enhance the user experience, such as cashback offers, QR code scanning for easy payments, and integration with various apps and services.

PhonePe Statistics

PhonePe User Count

PhonePe number of users:

200 million monthly active users

Last updated 4/22/23

415 million registered users

Last updated 11/26/22

Additional PhonePe Stats

PhonePe’s share of payment apps and wallets in India:


Last updated March 2019

Average transaction size on PhonePe:


Last updated March 2019

Average number of monthly PhonePe wallet refills:


Last updated March 2019

Number of PhonePe offline merchants in India:

3 million

Last updated 4/15/19

Number of cities in India that PhonePe has merchants in:


Last updated 4/15/19

Number of monthly transactions on PhonePe:

2.5 billion transactions per month

Last updated 4/13/22

Number of daily transactions on PhonePe:

100 million transactions per day

Last updated 4/13/22

Annual total payments value run rate of PhonePe:

$780 billion

Last updated 4/13/22

Amount of funding Flipkart has reportedly committed to PhonePe:

$500 million

Estimated value of PhonePe:

$5.5 billion

Last updated 12/2/20

Number of PhonePe employees:

2,500 employees

Last updated 11/19/21

PhonePe Facts

Please note that some of these numbers are easier to find than others. A few of these PhonePe statistics come from their own reports, but some are based on news reports and not official company tallies. No information contained on DMR should be relied upon to make investment decisions. Basically, this is the best I can find and I don’t guarantee anything to be 100%.

Related Categories:

Business Statistics, eCommerce Statistics, Financial Statistics, Fintech Statistics

About Craig Smith

DMR Publisher. Director of Marketing by day and I run this little site at night. Other interests include Disney, Sports, 80's Nostalgia, LEGO, Star Wars and Tech Gadgets. Other sites include and