PhonePe hits 50 million merchants as it pushes loans and business tools beyond payments

Payments are only the start for this 50 million growth

PhonePe says it has reached 50 million registered merchants, marking a major push to bring more Indians into digital finance. The app is expanding beyond payments with services like loans and tools for small businesses, aiming to boost accessibility in smaller towns. The scale-up highlights how merchant growth is becoming the base for broader financial offerings.