PhonePe announced that it has crossed 600 million (60 crore) registered users on its platform.
This marks a significant milestone for the company, which will mark its 10-year anniversary this year, and has grown to “serve hundreds of millions of customers with its financial services and technology solutions.”
PhonePe’s consistent enhancement of its product and service offerings, combined with “growing customer preference for the platform, has contributed to reaching this milestone.”
The company’s development of a secure payment system “focused on reliability, speed, and personalized transaction experiences has gained traction among millions of users.”
This growth can also be attributed to PhonePe’s widespread adoption across its merchant network “throughout the country, creating a robust digital payment ecosystem that serves both consumers and businesses alike.”
Sameer Nigam, Co-founder & CEO, PhonePe said:
“Reaching 60 crore registered users is a proud moment for all of us at PhonePe. Every milestone we achieve brings us a step closer to realising our vision of building a truly inclusive financial ecosystem. We will continue building homegrown solutions to meet the evolving needs of our users and help drive India’s digital transformation.”
As covered, PhonePe Private Limited is one of India’s fintech companies.
Headquartered in India, its flagship product, the PhonePe digital payments app, was reportedly launched in August of 2016.
As of March 2025, PhonePe has over “60 Crore (600 Million) registered users and a digital payments acceptance network spread across over 4 Crore (40+ million) merchants.”
PhonePe also processes over “33 Crore (330+ Million) transactions daily with an Annualized Total Payment Value (TPV) of over INR 150 lakh crore.”
The PhonePe Group’s portfolio of businesses includes the “distribution of financial products (Insurance, Lending, and Wealth) as well as new consumer tech businesses (Pincode – hyperlocal e-commerce and Indus AppStore – Localized App Store for the Android ecosystem) in India, which are aligned with the company’s vision to offer every Indian an equal opportunity to accelerate their progress by unlocking the flow of money and access to services.”
