Total value of transactions grew 23.3% QoQ to Rs 921,674 cr: PhonePe Pulse

Offline merchant payments grew faster than online merchant payments

The total payments value (TPV) of transactions processed grew 23.3 per cent Quarter-on-Quarter (QoQ) to Rs 9,21,674 crore while the number of transactions grew by 33.6 per cent to 5265 million transactions, according to digital payment trends from fintech firm PhonePe’s Pulse’s Q3 (July - September) 2021 data. The new data shared on the Pulse website, and as part of the Pulse quarterly report, shows the tremendous pace at which digital payments continued to grow in Q3FY2021.

The continued growth in both these metrics is a clear indication of increasing consumer trust in digital payments. For the first time ever,