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PhonePe expands hardware footprint with 7 lakh cores across 3 data centres in India

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PhonePe expands hardware footprint with 7 lakh cores across 3 data centres in India

PhonePe, a leading fintech company, has expanded its hardware footprint across three data centres in India, managing around 700,000 processing units, or cores. This infrastructure expansion aims to improve the company's technological capabilities and support its growing user base. PhonePe has also developed a large-scale alternative cooling system, utilising Direct Contact Liquid Cooling and Liquid Immersion Cooling technologies, to enhance energy efficiency and reduce its carbon footprint. Additionally, the company has invested in building in-house Software-as-a-Service (SaaS) platforms and has implemented AI-driven automation to improve customer service and achieve significant cost savings. In FY24, PhonePe reported a 74% increase in revenue and achieved a profit after tax of INR 197 crore.

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