PhonePe claims to have digitised 25 million kiranas, small merchants in India
Walmart-owned digital payments company PhonePe claims it has digitised 25 million small merchants and kirana stores in India.
The company further claims to have witnessed a 200 percent growth in offline merchant transactions on its platform since last year on the back of rapid offline expansion.
Commenting on the growth, Sameer Nigam founder and CEO of PhonePe in a statement said: “PhonePe has emerged as India’s largest digital payments platform, and we are leading the industry on all key metrics which includes value and volume of transactions, registered users as well as merchant coverage.”
“Earlier this year we undertook the target of digitising over 25 million kiranas across India, and we have achieved this milestone in record time,” he added.
PhonePe had earlier claimed to be the leader in its segment after processing over 97 crore transactions in February this year.
PhonePe, which was recently spun-off from Flipkart, counts 300 million registered users and 110 monthly active users across the country.
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