PhonePe has announced that it has carried out over a million transactions per day in the month of November. The service also said it has achieved a Total Payments volume annual rate of 40,000 crores within 14 months of its launch. It claims its monthly transactions have grown 8200% since November last year, mainly due to the growth of its online merchant, bill payment and peer to peer transactions. PhonePe has recently introduced new categories like Credit Card Bill Payments and Gift Cards in its mobile app, which has been downloaded over 55 million Indians so far.
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