This Indian company overtakes YouTube, Instagram, and WhatsApp to become highest-rated app with an average rating of…, has users over…
On this occasion, PhonePe’s CTO, Rahul Chari, expressed his delight, stating, “We are thrilled to have achieved this significant milestone on the App Store. It’s a matter of pride that over 575 million users appreciate PhonePe’s simplicity and reliability.” He further emphasized that PhonePe is committed to delivering a seamless experience across both iOS and Android platforms by constantly adopting new features and technologies, such as SwiftUI for iOS, to ensure the best user experience. Chari added that this milestone reflects the company’s unwavering focus on large-scale innovation.
PhonePe launches India’s first non-banking UPI app
PhonePe launched India’s first non-banking UPI app in August 2016. In a short span of time, the company established itself as a leader in the digital payment space, revolutionizing payments and making financial inclusion possible for millions of Indians across 99% of the country’s PIN code areas. Recently, the company released its first annual report, detailing its vision, strategy, governance, and financial performance.
About PhonePe Group
PhonePe Group is a leading fintech company in India. Its main product, the PhonePe digital payments app, was launched in August 2016. In just 8 years, the company has grown rapidly to become India’s top consumer payments app, with over 575 million registered users and a network of more than 40 million merchants accepting payments. PhonePe processes over 300 million transactions every day, with an annual payment value of over USD 1.8 trillion.
Building on its success in digital payments, PhonePe has expanded into financial services like insurance, lending, and wealth management, as well as new tech businesses like Pincode (a hyperlocal e-commerce platform) and Indus App Store (India’s first localized app store).
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