Processing about 1.5 bn transactions a month: PhonePe CEO Sameer Nigam

Nigam said that the fintech firm is aiming to reach 900 million people in the next 8-10 years

Walmart-owned digital payments firm is processing 1.5 billion transactions a month and now about 80 per cent of all these users are from tier-2 and beyond cities, said Sameer Nigam, founder and chief executive officer at PhonePe.

“So, I know payments for a fact have started solving the financial inclusion problem,” said Nigam during a fireside chat with YourStory Founder Shradha Sharma at Converge@Walmart, the flagship event of Walmart Global Tech India, along with PhonePe founder and CTO Rahul Chari.

Every other category and sector including foodtech and e-commerce, started in the metros and then reached small towns and cities.