News From Press PhonePe processes over 11 million insurance premiums this year

PhonePe processes over 11 million insurance premiums this year

Source: Mint Dec 18, 2020

PhonePe, one of the leading digital payments platform in India, on Thursday said that it processed over 11 million insurance policy premium payments in the last one year. Customers can pay insurance premiums for over 30 insurers over the platform. "PhonePe witnessed strong and active participation from tier-2 and tier-3 cities with 80% of the premiums being paid by customers residing in these markets," the company said.

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