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PhonePe crosses 2 billion transanctions on app


Digital Payment major PhonePe claims that they have crossed 2 billion digital transactions on the mobile application and has achieved annual run-rate of $70 billion on transactions from its platform.

PhonePe is now accepted across more than 3 million merchants and has crossed 50 million monthly active users now.  According to the company, 75 percent of transactions on PhonePe are from tier 2-3 cities. It had crossed one billion transaction mark in November 2018.

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