PhonePe to expand business, digitise 25 mn small merchants, create 10K jobs
Walmart-owned PhonePe, said that it will enable digital payments
for over 25 million small merchants across India in the next one year. The
Bengaluru-based firm will also onboard them on its PhonePe for Business
app, offering them end-to-end control of the payment process including instant
payment confirmations, receipts, and reconciliations.
The
company plans to reach 5,500 talukas via its merchant acquisition team that
will lead to over 10,000 jobs being created in semi-urban and rural areas.
“Kiranas
and merchants across small villages and towns are striving to progress and
prosper. We are really excited to partner with them in this journey and take
digital payments to the last mile of India across every village and town,” said
Vivek Lohcheb, vice president, offline business development, PhonePe. “This is
also in line with our brand ethos of '’Karte Ja. Badhte Ja'’ which reflects the
role played by PhonePe in
India’s progress, helping bridge the digital divide while empowering merchant
partners across Bharat.”
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