Launched in 2016, PhonePe has over 650 million registered customers
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1 min learn Last Updated : Apr 28 2026 | 2:52 PM IST
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Fintech main PhonePe on Tuesday stated it has crossed 50 million lifetime registered merchants on its platform.
The IPO-bound firm famous its enlargement from providing QR code-based cost options to offering a full-stack suite of monetary instruments, together with working capital loans, Point-of-Sale (POS) terminals, and SmartSpeakers.
“Reaching 50 million merchants is a significant milestone in our effort to make financial services more accessible to merchants across India. For many of our partners, the journey began with a simple QR code, but that relationship has since matured. Today, digital payments serve as a gateway to a wider range of formal services, including credit,” Yuvraj Singh Shekhawat, Chief Business Officer, Merchant Business, PhonePe, stated.
Launched in 2016, PhonePe has over 650 million registered customers. The newest improvement comes as the corporate prepares for its preliminary public providing (IPO), having not too long ago filed an up to date draft pink herring prospectus (UDRHP-I) with market regulator SEBI.
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First Published: Apr 28 2026 | 2:51 PM IST
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