PhonePe Surpasses 700 Million Registered Users in India

New Delhi, Apr 30 (BNP): Digital payments platform PhonePe has crossed 700 million registered users as of April 29, 2026, marking a major milestone in its growth journey in India.

The company said the achievement reflects its wide user base and expanding presence across digital payments and financial services. It attributed the growth to increasing customer trust, strong distribution reach, and a focus on simple and reliable payment solutions.

PhonePe also highlighted the rapid pace of its expansion, noting that while it initially took 136 days to add its first million users, it is now adding a million users in just a few days. Between FY23 and FY25, the platform reported steady growth momentum, supported by rising adoption of digital payment services across the country.