![Merchant loans worth ₹300 cr getting disbursed via PhonePe app every month](https://images.assettype.com/fortuneindia%2F2024-06%2Fc2e966d8-171a-439a-9ac7-9d808100ac7f%2FPhonePe.jpg?rect=0,0,847,424&w=300&q=95)
Merchant loans worth ₹300 cr getting disbursed via PhonePe app every month
The digital payments firm expects ₹3,600 crore worth of disbursements in 2024-25 on an annualised basis.
The digital payments firm expects ₹3,600 crore worth of disbursements in 2024-25 on an annualised basis.
PhonePe users will now have access to lending solutions directly within the PhonePe app.
With this second tranche, PhonePe has already raised $450 million within six weeks from investors.
PhonePe plans to invest in new businesses, including insurance, wealth management, and lending.