Bengaluru-based digital payments and financial services company, PhonePe has become the first company to cross one billion transactions on Unified Payments Interface (UPI) infrastructure. The company achieved the feat in March 2021, when the total transactions clocked around 1.3 billion on its platform, across the payment instruments offering of wallet, cards as well as UPI.
Buy Prime Test Series for all Banking, SSC, Insurance & other exams
PhonePe, which first achieved market leadership on UPI in December, last year, has seen its transaction count grow steadily, on the back of rising merchant payments. Overall UPI transactions processed by PhonePe grew from 902.03 million in December 2020 to 975.53 million in February 2021.
Important takeaways for all competitive exams:
Weekly Current Affairs One-Liners Current Affairs 2026 plays a very important role in competitive examinations…
On 16th October 2026, the Union government has recreated the Financial Services Institutions Bureau (FSIB),…
The private defence sector in India is currently designing technology in a bid to address…
ISRO successfully carried out a series of CM-SM separation tests of its upcoming Gaganyaan human…
The World Health Summit 2026 was held in Berlin, Germany, with the new funding pledges,…
On October 16th 2026, the Ministry of External Affairs (MEA) has appointed Sudhakar Dalela as…