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PhonePe's revenue rises 74% to over Rs 5,000 crore in FY24, but is it profitable now?
- PhonePe's revenue for FY24 jumps 74% to over Rs 5,000 crore.
- The growth is attributed to payment services and interest income.
- Losses narrow by 28.6% with adjusted net profit of Rs 197 crore.
- PhonePe remains the market leader with 53 crore registered users and $1.5 trillion payment value annually.
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