New Delhi, March 13 – Digital payments platform PhonePe has announced a multi-year partnership with consumer electronics giant Xiaomi India, bringing its app marketplace, Indus Appstore, pre-installed on all new Xiaomi smartphones in the country.

According to a company statement, Indus Appstore will replace ‘GetApps’ on existing Xiaomi devices and will be available as a default app marketplace on new Xiaomi smartphones. The collaboration aims to enhance user experience, simplify app discovery, and expand accessibility for Indian consumers.

Indus Appstore’s Chief Business Officer Priya M. Narsimhan emphasized the significance of this partnership, stating that integrating Indus Appstore with Xiaomi’s extensive user base will create new opportunities for developers while providing users with a seamless and culturally relevant app discovery experience. She described the collaboration as the beginning of a transformative approach to how mobile apps are explored and accessed in India.

PhonePe, backed by Walmart, launched Indus Appstore in February last year, positioning it as a competitor to Google Play Store. The platform is Android-based and has been designed to cater to India’s local and cultural preferences, offering an alternative app marketplace tailored specifically for Indian users.

New Delhi, March 11 – Digital payment platform PhonePe has surpassed 600 million registered users, marking a significant milestone in its growth journey. The company announced this achievement on Tuesday, highlighting its continued expansion in India's digital payments ecosystem.

As per agency report, PhonePe’s co-founder and CEO, Sameer Nigam, expressed pride in reaching this landmark, stating that the accomplishment reflects the platform’s commitment to serving user needs and driving India's digital transformation. He reiterated that the company remains focused on developing indigenous solutions to enhance user experience and financial inclusion.

The company had approximately 530 million registered users as of March 2024, showing a significant increase within a year. PhonePe also claims to process over 3.3 billion transactions daily, with an annual total payment value exceeding ₹150 lakh crore. This growth reinforces its position as one of India's leading financial technology platforms.