
Touting PhonePe at its Q2 earnings call, American retail giant Walmart said that the digital payments company is witnessing a strong growth in India.
According to Walmart, PhonePe had an annualised total payments volume (TPV) of more than $830 billion in the quarter ending July 2022, with 3.1 billion monthly transactions. In addition to highlighting PhonePe’s future plans, Walmart stated that the digital payments giant is looking to strengthen its financial services segment, with a particular focus on insurance. Walmart stated that it is utilising PhonePe’s expertise in the digital payments space in other markets such as Mexico.








