Connect with us

Latest News

PhonePe Processes 1 Million Daily Transactions In November

Published

on

PhonePe Processes 1 Million Daily Transactions,PhonePe Transactions in In November,PhonePe App Daily Million Transactions,PhonePe CEO Sameer Nigam,PhonePe Claims One Million Daily Transactions,Flipkart PhonePe Latest News,PhonePe Business News 2017,PhonePe App Features,PhonePe Wallet Limits

Flipkart owned UPI app, PhonePe, claims to have processed over 1 million daily transactions worth over $ 15.4 million in November. This app has achieved a total Payments Volume (TPV) annual run rate of $ 6.1 billion (Rs. 40,000 crores) within 14 months of its launch, taking the total volume of transactions processed on the PhonePe platform in November to 33 million.

A recent announcement from NPI confirmed the above fact. The statement said the UPI app hit a record high of 105 million transactions in November 2017. This was a 38% jump in transactions as compared to the last couple of months. PhonePe recorded a major hike in revenue this quarter as compared to its mere $ 76.8 million last year. The team further announced an 800% increase in revenues from October and an 8000% rise since November last year. This rapid rise was fueled largely by exponential growth in its online merchant, bill payment and peer to peer transactions.

Speaking about the reaching the milestone, co founder and CEO of PhonePe, Sameer Nigam said, “In line with the national agenda of Digital India, we are constantly innovating to bring more use cases to our platform and becoming (sic) the one stop payments solution for all our customers. We are humbled to hit a million transactions a day milestone in such a short span of time. We are currently processing Rs. 40,000 crores worth of digital payments annually and are targeting to double this metric by March 2018.

PhonePe recently also introduced new categories like Credit Card Bill Payments and Gift Cards on its mobile app. The online payments platform also integrated over 60,000 online and offline merchants in categories ranging from movie tickets, food delivery, pharmacies, groceries, travel and petrol pumps where customers can pay their bills using UPI, Wallets, Credit and Debit Cards. Till date, the PhonePe app has been downloaded by over 55 million Indians.
 
Meanwhile, the government owned BHIM saw  8.2 million transactions in the month of November 2017, accounting for transactions worth Rs. 2,553.5 crores. According to sources, there were 105 million UPI based transactions in November, with Rs. 9,679 crores being transacted. Out of the 105 million transactions, BHIM processed only 8% and accounted for 26% of the amount transacted in November.

Continue Reading
Advertisement
3 Comments

3 Comments

  1. Eaytysdn

    May 26, 2025 at 12:13 pm

    Explore the ranked best online casinos of 2025. Compare bonuses, game selections, and trustworthiness of top platforms for secure and rewarding gameplaycasino slot machine.

  2. mcfxfehha

    July 18, 2025 at 11:45 pm

    O Big Bass Bonanza é um jogo de caça-níqueis cativante e bem projetado, oferecendo uma combinação perfeita de diversão e possíveis recompensas. Com seus gráficos vibrantes e uma mecânica de jogo envolvente, ele se destaca no mercado de slots. O CacaNiqueisDemo foi feito pra quem gosta de testar antes de investir. A gente libera tudo: dos clássicos de 3 rolos até os caça-níqueis mais modernos cheios de efeitos. O único bónus em Big Bass Bonanza são as rodadas grátis. Ao obter 3 ou mais Scatters, pode ganhar até 20 rodadas grátis. Durante o jogo bónus, os peixes podem ser colecionados quando aparece o símbolo Wild do pescador. Fique a saber mais detalhes abaixo. A Pragmatic Play é o fornecedor de software de jogos mais popular dos casinos online em Portugal. Descubra as melhores slots da Pragmatic Play em 2025.
    https://profxindicators.com/p9-com-e-fortune-tiger-parceria-lucrativa-ou-cilada/
    O Big Bass Bonanza é um dos slots de 10 centavos da Pragmatic Play com cinco bobinas, três linhas e 10 linhas de pagamento. O jogo inclui o recurso de Rodadas Grátis, em que o símbolo do pescador coleta prêmios em dinheiro, com ganhos de até 2.100x a aposta. Foi enviado novamente um e-mail de confirmação O Big Bass Bonanza é um dos slots de 10 centavos da Pragmatic Play com cinco bobinas, três linhas e 10 linhas de pagamento. O jogo inclui o recurso de Rodadas Grátis, em que o símbolo do pescador coleta prêmios em dinheiro, com ganhos de até 2.100x a aposta. COPYRIGHT © 2015 – 2025. Todos os direitos reservados à Pragmatic Play, um investimento da Veridian (Gibraltar) Limited. Todo e qualquer conteúdo incluído neste site ou incorporado por referência está protegido por leis internacionais de direitos autorais.

  3. jqvlflqnw

    July 22, 2025 at 2:33 pm

    No Big Bass Splash pescador é possível também obter pagamento de linhas múltiplas em uma única rodada. Nesse caso, o prêmio é calculado pela somatória de todas as linhas obtidas na rodada. Existem também dois símbolos especiais no jogo. O primeiro é o símbolo Scatter que concede rodadas grátis quando encontrados nas seguintes proporções: Embora toda a série Big Bass tenha gráficos mais minimalistas com um estilo quase nostálgico, a qualidade é inegável e o jogo é bastante vibrante. Saiba mais:  É hora de pegar a vara de pescar novamente e voltar para a beira do lago, no slot Big Bass Splash. A vitória máxima é alcançada acertando o maior multiplicador de 5000x em uma aposta. Como o multiplicador de aposta é 10, você pode potencialmente ganhar até 5000 vezes a sua aposta, tornando Big Bass Splash um jogo de alto pagamento.
    https://timesofeconomics.com/chicken-road-by-inout-genuine-fun-or-clickbait-clone/
    The official website at missionuncrossable.biz delivers a full-featured, secure, and richly engaging experience that puts most online games to shame. With its deep storytelling, strategic gameplay, and real rewards, it’s no wonder this platform is quickly climbing the charts among online gamers. Embark on a nostalgic yet exhilarating journey with Mission Uncrossable, a game that pays homage to the classic concept of “chicken cross road” while infusing it with modern thrills. Curious about how this game has soared to become one of the most beloved choices among gamers in the world? Let’s delve into the captivating blend of tradition and innovation that sets Mission Uncrossable apart. Mission Uncrossable is a popular instant-win game where you guide a chicken across a busy road and aim to pick up lots of multipliers on the way.

Leave a Reply

Your email address will not be published. Required fields are marked *

Latest News

Pune’s SuperGaming Secures $15M to Expand in Emerging Markets

Published

on

Super Gaming

SuperGaming, the Pune-based gaming innovator known for hit titles like MaskGun and Indus Battle Royale, has raised $15 million in a Series B funding round, boosting its valuation to an impressive $100 million. This marks a nearly fivefold increase from its 2021 valuation of $21 million, highlighting the company’s rapid growth and the rising investor confidence in India’s booming gaming industry. The funding reflects SuperGaming’s strong market presence and strategic vision to become a global leader in online gaming. 

The funding round was spearheaded by Skycatcher and Steadview Capital, with significant participation from notable international investors including a16z Speedrun, Bandai Namco O21 Fund, Neowiz, and prominent Web3 financiers such as Polygon Ventures and Sandeep Nailwal. Existing backers like AET Japan and BACE Capital also continued their support. SuperGaming aims to utilize this capital infusion to expand its footprint internationally, focusing on emerging markets. A key initiative includes launching its award-winning game, Indus Battle Royale, in Latin America through a partnership with LOUD.GG, alongside rolling out its proprietary SuperPlatform developed with Google Cloud to empower game developers worldwide, especially in resource-constrained regions. 

CEO and Co-Founder Roby John emphasized that this funding milestone is crucial in shifting India from merely a gaming consumer base to a hub for gaming innovation. By adopting a “hyper-local” strategy that tailors games to diverse cultures in underrepresented markets like the Middle East and Latin America, SuperGaming is poised for global growth. With over 200 million installs and an expanding user base, SuperGaming’s recent fundraising solidifies its position at the forefront of India’s gaming revolution, ready to make a major impact on the international stage.

Continue Reading

Latest News

Swiggy DeskEats: Office Food Delivery Launched in 30 Cities

Published

on

Swiggy

Swiggy, India’s leading online food delivery platform, has introduced DeskEats, a unique meal delivery service specifically designed for office-goers and working professionals across 30 major cities. DeskEats aims to streamline office dining by offering a diverse, office-friendly menu, making it easier than ever for corporate employees to enjoy convenient and delicious meals right at their workplace. By simply typing “Office” or “Work” in the Swiggy app, users can unlock curated collections like Value Combos, Stress Munchies, Healthy Nibbles, and Teamwork Bites, catering to every office dining scenario—from solo meals to team lunches and quick snack breaks.

Swiggy’s DeskEats is now operational in over 7,000 tech parks and business centers, granting office workers access to nearly 700,000 menu items from over 200,000 restaurants. This vast variety ensures there’s something for everyone, addressing the growing demand for quick, tasty, and nutritious food that fits seamlessly into the busy schedules of working professionals. Early trends from DeskEats’ pilot phase show a strong preference for easy-to-eat options like chicken popcorn in Bengaluru and garlic breadsticks in Gurugram, reflecting the popularity of meals tailored for the modern workday.

Expanding upon its Corporate Rewards Program, which is already trusted by thousands of organizations, Swiggy enables companies to enhance employee wellness programs by offering food delivery, groceries, and dining benefits efficiently. With DeskEats, Swiggy reaffirms its commitment to transforming workplace dining by prioritizing variety, convenience, and user satisfaction—cementing its position as a key player in the evolution of India’s office food culture.

Continue Reading

Latest News

Setu Builds Fintech Powerhouse Leadership Team as Pine Labs IPO Nears

Published

on

Pine Labs

Setu, the API infrastructure platform and subsidiary of Pine Labs, has significantly strengthened its leadership by appointing Prashanth Nimmagada (ex-Razorpay) as Chief Technology Officer, signaling its commitment to innovation in India’s dynamic fintech landscape. Alongside Nimmagada, Setu has welcomed other top industry talent: Vijeth Pandit (ex-Razorpay) as Chief Product Officer, Ramkumar Thirumurthi (ex-Razorpay, co-founder Actyv.ai) as Chief Revenue Officer, Nikhil Ratanpal (ex-PhonePe) as Director of Product Development, and Santosh Subramanian (ex-Yes Bank, Wibmo) as Head of Finance. These high-profile hires accompany Anand Raisinghani’s (ex-SAP India) appointment as CEO, underscoring Setu’s focus on building a strong, experienced leadership bench to drive future growth.

Setu specializes in providing API-based digital financial infrastructure for services such as UPI, bill payments, KYC, and digital signatures, while also operating as an RBI-licensed NBFC Account Aggregator. With this expanded leadership team—drawn from India’s leading fintechs—Setu is well-positioned to accelerate the development of scalable, API-driven financial solutions for banks, fintechs, and enterprises. The influx of expertise from Razorpay and PhonePe veterans will bolster Setu’s technical capabilities and strategic partnerships, ensuring it remains a key enabler in India’s rapidly maturing digital public infrastructure ecosystem.

This leadership overhaul comes as parent company Pine Labs prepares for a major IPO, aiming to raise ₹2,600 crore through a fresh share issue after turning profitable in FY25. Setu’s enhanced leadership reinforces the broader group’s ambitions for international expansion, technological innovation, and financial performance. As Setu solidifies its role at the forefront of India’s fintech evolution, the company is poised to deliver advanced financial infrastructure solutions that support the country’s growing digital economy and drive Pine Labs’ strategic momentum.

Continue Reading
Advertisement

Recent Posts

Advertisement