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Expansion● Neutral for Indian equities

PhonePe plans 20,000 hires and 50 lakh payment devices in a year

4 sources · first seen 15:31 24 Sept · updated 23:53 24 Sept

The brief

Written from 4 reports · check the source before you trade
  • PhonePe plans to hire more than 20,000 sales personnel
  • It plans to deploy 50 lakh payment devices, targeting rural India
  • Expansion intensifies competition in payments, with implications for Indian fintech and banking players

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Fintech and payments9 todayInfrastructure20 todayPhonePe2 today

Linked by the tag PhonePe

6 stories this week
  1. 25 SeptPhonePe bets on merchant push as MDR returns1 source
  2. 24 Sept‘75% of merchants insulated from UPI MDR’: NPCI CEOPolicy · 1 source
All PhonePe stories →

Read the reports

4 reports · earliest 15:31
Business StandardPhonePe to hire 20,000 staff, deploy 5 mn payment devices in 12 months15:31ReutersPhonePe plans 20,000 new hires to expand merchant network in rural India16:16CNBC-TV18PhonePe plans 20,000 hires, 50 lakh payment devices over next 12 months16:22MintPhonePe targets rural India with 20,000+ new hires and 50 lakh payment devices in 12 months23:53