Bengaluru, Feb. 17 -- PhonePe, one of India's leading digital payments platform, has demonstrated its strength in the merchant payments ecosystem, serving 47.19 million registered merchants,and having processed 24.96 billion merchant transactions with a total merchant transaction value of Rs.8.51 trillion in the 6 months ending Septemeber 30 2026, according to its Draft Red Herring Prospectus (DRHP).

The company says, PhonePe's merchant platform has achieved significant scale and engagement, with Daily Active Merchants (DAM) as a percentage of Monthly Active Merchants (MAM) reaching 60.77% as of September 2025, up from 44.18% in March 2023.

This, the company says demonstrates strong merchant retention and daily usage of the platform. Tr...