PhonePe Records$ 1 Trillion In Annual TPV Run Rate, Gets RBI’s In- Principle Nod for PA Licence PhonePe, India’s leading digital payments platform, on Saturday said it has hit an periodic total payment value( TPV) run rate of$ 1 trillion( Rs 84 lakh crore). It also said the company has digitised over 35 million offline merchandisers spread across Tier 2, 3 & 4 metropolises and beyond. “ This phenomenal growth is powered by PhonePe’s leadership in the UPI space where it holds over 50 per cent request share by value, with stylish- in- class payment success rates coupled with strong consumer trust in the platform,” PhonePe said in a statement. TPV run rate refers to the total sale value through the platform in a given time period.
