In FY2023, Phonepe reported revenue of ₹2,914 crore, demonstrating a 77% increase from the previous fiscal year.

PhonePe, a fintech company, has reported a substantial 77% increase in its consolidated revenue for FY23, reaching Rs 2,914 crore. This remarkable growth can be attributed to the expansion of its market and the rise in digital money transfers. In the previous financial year 2022, the company, which is a part of the Walmart group, had recorded revenue of Rs 1,646 crore.