PhonePe payment QR code is displayed at a clothing shop in Mumbai, India, September 20, 2026. REUTERS/Francis Mascarenhas

PhonePe plans 20,000 new hires to expand merchant network in rural India

24 Sep 2026, 10:42 · CNA · Join

Read a summary of this article on FAST.
Get bite-sized news via a new
cards interface. Give it a try.
Click here to return to FAST Tap here to return to FAST
FAST

Sept 24 : Digital payments platform PhonePe said on Thursday it plans to hire 20,000 additional on-roll sales employees over the next year as part of a push to expand its merchant network into India's smaller towns and villages.

Here are some more details:

• The Walmart-backed company plans to deploy more than 5 million devices, including smart speakers and point-of-sale terminals, over the next 12 months to expand digital payments acceptance across rural areas.

• The move follows India's NPCI decision to levy a 0.4 per cent fee on select UPI merchant transactions, with a portion of the proceeds earmarked to expand digital payments acceptance among small merchants in underserved regions.

CNA Games

Guess Word
Crack the word, one row at a time

Buzzword
Create words using the given letters

Mini Sudoku
Tiny puzzle, mighty brain teaser

Mini Crossword
Small grid, big challenge

Word Search
Spot as many words as you can
Show More
Show Less

• "The recently announced MDR framework allows the company to take a long view and invest in merchant expansion," PhonePe said.

• As of August, PhonePe's payments network comprised more than 720 million registered users and over 50 million merchants.

Newsletter