PhonePe Statistics and User Count (2023)

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 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.