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HomeFEATUREDMore than 51 billion transactions in PhonePay network in a month

More than 51 billion transactions in PhonePay network in a month

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Through the network of Phone Pay Service Limited, the operator of the payment system, more than 51 billion was transacted in the month of Poush. Phone Pay Network has managed to set a new record as electronic transactions are increasing rapidly in recent times.

During the month of January, 51 billion rupees more than the total number of 4.4 million transactions were made through PhonePe network. This amount has been transacted by users using PhonePay’s network through QR code payments, inter-bank money transfers, various types of online merchant payments, etc.

After completing the figure of more than half a billion, on Monday, PhonePay thanked the member banks, financial institutions and digital wallets of PhonePay who played a supportive role in achieving the common goal of building Digital Nepal.

You can easily send money for Rs. 10 by mentioning the mobile number of the person receiving the money through PhonePay In addition, merchants can get free QR while customers pay without any charges.

Money can be sent easily by clicking on the Send Money option in the mobile apps of any bank and financial institution connected to the PhonePay network.

PhonePay Payment Service Limited is a leading and reputed payment system operator of Nepal licensed by Nepal Rashtrabank.

There are 60 banks and financial institutions in the PhonePay network, and China Union Pay and Ali Pay are international payment partners. Similarly, there are more than 570,000 merchants on PhonePay so far. . Phonepay has affiliates of payment service providers like Iseva, IME Pay and CellPay.

It has been providing services to more than 14 million mobile banking users and more than 60 million payment service providers through mobile apps.

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