PhonePe crosses 50-crore user base, elevates four officials across verticals to CEO level

New Delhi: Fintech firm PhonePe on Tuesday announced promotion of several senior officials across verticals after crossing 50 crore registered user-mark.

The company said that it has become the first Indian internet company to have reached this scale of 50 crore users globally.

“When we started PhonePe, I had never imagined that we would get to 50 crore registered users in such a short span of time. It feels almost surreal. Yet, we have achieved only 50 per cent of our vision statement of bringing digital payments to 100 crore Indians,” PhonePe Founder and CEO Sameer Nigam said in a statement.