The value of transactions in the same period surged by 44 per cent from Rs 69.36 trillion to Rs 99.68 trillion, according to the report by global payment services leader Worldline.
Speaking at a fireside chat during the event, Vaishnaw highlighted the importance of this initiative.
Share.Market, a PhonePe product, on Wednesday launched the 'Discover' section on the platform, which will facilitate an enhanced investment experience through its cutting-edge Intelligence layer.
Share.Market, a PhonePe product, on Monday announced the removal of onboarding charges of Rs 199, ensuring a seamless onboarding experience.
E-commerce major Flipkart on Friday began a "one-time discretionary" cash payment of $700 million to employees following its separation from fintech firm PhonePe.
India's leading FinTech platform PhonePe on Friday announced the enablement of the UPI Unified Dispute and Issue Resolution (UDIR) system. This has led to a significant improvement in the dispute resolution time on PhonePe.
Commenting on the acquisition Sameer Nigam, Founder and CEO PhonePe said: "We are very excited to embark on this journey with OSLabs, and build just the kind of the localised App store that India needs."
Customers can also choose to get insured doorstep delivery for high-quality gold and silver coins and bars that have been designed around Akshaya Tritiya.
Indus OS has raised nearly $20 million to date.
It had also entered into a commercial partnership with the Adani Group to strengthen logistics and data centre.
