 "PhonePe")
Walmart-owned digital payments firm PhonePe on Friday said that it has crossed 5 billion transactions on its app. PhonePe had crossed the 1 billion transaction milestone in November 2018, and has grown 5x in the last one year.
The company said it is accepted as a payment option across 80 lakh micro, small and medium enterprises in over 215 cities in India. Over 56 per cent of its transactions are now driven by users in Tier 2 and Tier 3 cities. From recharges to money transfers, bill payments, to buying gold and investing in mutual funds, PhonePe said it has the
