DBT Bureau
Bengaluru, 20 February 2025
PhonePe in a release said the payment platform is readying to go public. In this perspective, it is vital to know its financials and future prospects in the Indian payment landscape.
Here is a snapshot:
1- PhonePe Financials in FY24
| Financial Metric | FY23 (Rs Crore) | FY24 (Rs Crore) | YoY Change |
| Revenue | 2,910 | 5,064 | +74% |
| Adjusted PAT | (738) | 197 | Turned Profitable |
| Standalone Payment Business Profit | (194) | 710 | Turned Profitable |
2- UPI transactions in India
(Souce: PhonePe Annual Report 2023-24)
