PhonePe announced on April 29, 2026, that it has crossed the milestone of 700 million registered users on its platform. In a press release, the company stated that this milestone highlights PhonePe’s population-scale reach in India and the breadth of its digital platform offerings across payments and financial services distribution.
“It also reflects the company’s sustained growth, driven by increasing consumer trust, market-leading distribution network, and a continued focus on building reliable and intuitive digital payment experiences,” PhonePe added.
PhonePe revealed that it took 136 days to reach its first million users, and now it achieves a million new users every six days. From Fiscal Year 2023 to Fiscal Year 2025, the company maintained an annual growth rate (CAGR) of 56.25%.
Commenting on the milestone, Sameer Nigam, Founder and CEO of PhonePe, said, “Crossing 700 million life-till-date registered users is a significant moment in our journey and speaks of the trust that users across the country have placed in us. What is equally exciting is the pace at which we are growing today, which reflects the increasing relevance of digital payments in everyday life. As we move forward, our focus remains on building products that are simple, secure, and accessible to all, while continuing to contribute to India’s digital economy.”
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