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Pincode App by PhonePe marches ahead

Pincode App by PhonePe marches ahead

by Editor
May 25, 2023
in Payments
Reading Time: 2 mins read
0

Pincode, a leading shopping app on the ONDC platform recently announced that it has surpassed 50,000 installs on the Play Store.

Pincode by PhonePe (owned by Walmart backed Flipkart) offers a revolutionary approach to e-commerce. Every shopkeeper, across the country can register on the network and cater to customers across the country. The deliveries are managed by

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Lalit Singh, General Manager, Pincode said, “We are thrilled to witness the rapid growth and acceptance of the Pincode app among consumers. The ONDC platform has emerged as a game changer for India’s local commerce, and we are delighted that Pincode is leading the charge on this. The strong customer preference we are seeing for the Pincode app is a testament to the seamless and convenient shopping experience we offer. Pincode remains committed to enhancing the shopping experience for its users by consistently expanding its selection of stores and adding more categories within the app.’’

In addition to this milestone, Pincode has been processing over 5,000 orders per day, showcasing strong customer preference and the app’s growing popularity in Bangalore, where it currently serves customers. Users in Bangalore are utilizing the app to buy daily necessities such as groceries and order food.

The platform’s success will also contribute to creating sustainable employment opportunities for numerous individuals, attracting more small merchants to the ecosystem.

The Pincode app will be available in additional cities across India over the next few weeks.

Sameer Nigam founded PhonePe in 2015 and the company was acquired in 2016 by Flipkart for USD 20 mn. Phonepe has raised USD 2.5 Bn till date over 17 rounds. The compay has digitised 25 million small merchants across 15,700 towns and villages, constituting 99% pin codes of India. It is also the first payments platform to cross one billion monthly transactions on UPI.

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