News

India's Paytm launches $12 `soundbox` that accepts card payments Indian fintech firm Paytm on Monday launched a 'soundbox' device that lets merchants accept both mobile and card payments across networks including Visa, Mastercard, American Express and homegrown RuPay. The launch of the 999 rupees ($12.08) 'Card Soundbox', which also provides instant audio payment alerts to prevent fraud, comes as rival Pine Labs announced a similar device at "nearly one-third of the cost of a regular Point of Sale terminal". Paytm, whic...
India's Paytm launches $12 `soundbox` that accepts card payments
India's Paytm launches $12 `soundbox` that accepts card payments
Source: Reuters
4/09/2023 4:59:06 PM
Indian payments firm PhonePe forays into online stock broking Walmart-owned Indian payments firm PhonePe on Wednesday said it had launched a stock broking platform Share.Market that went live with stocks and exchange trading funds, as it expanded its range of financial services. PhonePe, which already offers insurance policies and allows users to invest in mutual funds through its payments app, will look to capitalize on its approximately 400 million user base as it enters a crowded Indian online stock broking platforms space with notable competitors...
Indian payments firm PhonePe forays into online stock broking
Indian payments firm PhonePe forays into online stock broking
Source: Reuters
30/08/2023 2:37:08 PM
Flipkart pays $700 mn to workers after PhonePe split 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. In an email to employees seen by TechCrunch, Flipkart Group chief executive Kalyan Krishnamurthy said the “much-awaited compensation will be made today”. “We have exciting times ahead, and as we continue to grow across businesses, I look forward to your continued dedication and determination to brin...
Flipkart pays $700 mn to workers after PhonePe split
Flipkart pays $700 mn to workers after PhonePe split
Source: IANS
14/07/2023 5:10:51 PM
India's total addressable startup market could only be 10 cr: Zerodha CEO As the Indian startup ecosystem goes through a turbulence amid corporate governance concerns being raised, Zerodha co-founder and CEO Nithin Kamath on Friday said the total addressable market size for startups in the country could only be around 10 crore (100 million). Addressing the gathering at the startup conclave organised by Money Control in Bengaluru, both the founders stressed that investors and founders may have overestimated the potential size of the Indian market. “The a...
India's total addressable startup market could only be 10 cr: Zerodha CEO
India's total addressable startup market could only be 10 cr: Zerodha CEO
Source: IANS
7/07/2023 5:24:24 PM
E-commerce growth in India to hit $150 bn by 2026 The e-commerce transaction value in India is likely to rise from $83 billion in 2022 to nearly $150 billion in 2026 at a 16 per cent compound annual growth rate, a report showed on Wednesday. The Philippines, Indonesia, India, Malaysia and Vietnam are projected to lead e-commerce growth in APAC through 2026, according to the FIS Global Payments Report 2023. “India has emerged as a global payments leader, developing the next generation of real-time payments infrastructure with the ...
E-commerce growth in India to hit $150 bn by 2026
E-commerce growth in India to hit $150 bn by 2026
Source: IANS
5/07/2023 4:01:19 PM
PhonePe Payment Gateway helps small, medium businesses save upto Rs 8 lakhs  Leading fintech company PhonePe on Wednesday announced that its Payment Gateway enables small and medium businesses to save up to Rs 8,00,000. While most payment gateways charge a standard transaction fee of 2 per cent, the PhonePe Payment Gateway has a special offer for new merchants to onboard for free, with no hidden charges, setup fees, or annual maintenance fees. For instance, if businesses with a monthly sales volume of Rs 1 crore choose the PhonePe Payment Gateway for free, th...
PhonePe Payment Gateway helps small, medium businesses save upto Rs 8 lakhs
PhonePe Payment Gateway helps small, medium businesses save upto Rs 8 lakhs
Source: IANS
14/06/2023 1:21:15 PM
PhonePe becomes first payment app to link 2 lakh RuPay credit cards to UPI Leading fintech company PhonePe has announced that the company has become the first digital payments app to successfully enable the linkage of two lakh RuPay credit cards to the Unified Payments Interface (UPI). It has also processed a Total Payment Value (TPV) of Rs 150 crore via RuPay Credit on UPI. The company said it aims to offer a comprehensive suite of solutions for RuPay Credit on UPI in partnership with NPCI to popularise its usage among the customers and merchants alike. The c...
PhonePe becomes first payment app to link 2 lakh RuPay credit cards to UPI
PhonePe becomes first payment app to link 2 lakh RuPay credit cards to UPI
Source: IANS
26/05/2023 5:02:45 PM
India`s PhonePe raises additional $100 million from General Atlantic Walmart Inc-owned Indian payments firm PhonePe on Monday said that it has secured an additional $100 million from private equity firm General Atlantic, in the latest round of its ongoing $1 billion fundraising. Including the latest round, PhonePe has raised a total of $850 million so far. PhonePe is India's most valuable payments firm with an estimated value of $12 billion and among the country's most highly-valued startups. The company plans to deploy these funds to build an...
India`s PhonePe raises additional $100 million from General Atlantic
India`s PhonePe raises additional $100 million from General Atlantic
Source: Reuters
22/05/2023 12:46:47 PM
Paytm beats PhonePe, GooglePay as India`s highest revenue earner in mobile payments, financial services Indian fintech giant Paytm on Wednesday reported its financial performance for FY23, where its revenues swelled to Rs 7,991 crore for the fiscal year. Just inches away from a billion dollars, Paytm's revenue puts it the leading spot in the Indian fintech space and miles ahead of the likes of PhonePe or GooglePay. To put it into perspective, Paytm's Q4 revenues of Rs 2,334 crore were still ahead of PhonePe's revenues of Rs 1,912 crore for the first nine months of the calendar ye...
Paytm beats PhonePe, GooglePay as India`s highest revenue earner in mobile payments, financial services
Paytm beats PhonePe, GooglePay as India`s highest revenue earner in mobile payments, financial services
Source: IANS
10/05/2023 4:21:01 PM
Indian suppliers to help us export $10 bn worth goods from country by 2027: Walmart CEO India's ecosystem of suppliers will help drive Walmart's goal of exporting goods worth $10 billion annually from the country by 2027, the company's President and CEO Doug McMillon said on Wednesday. Addressing Indian suppliers and partners here, McMillon reinforced Walmart's continued commitment to India and to building an ecosystem of suppliers and partners, including small and medium enterprises. He also reaffirmed Walmart's roadmap of strengthening partnerships wi...
Indian suppliers to help us export $10 bn worth goods from country by 2027: Walmart CEO
Indian suppliers to help us export $10 bn worth goods from country by 2027: Walmart CEO
Source: IANS
10/05/2023 10:25:53 AM
Indian fintech startups raise $1.2 bn in Q1 2023, down 55% YoY Fintech startups in the country attracted investments worth $1.2 billion in Q1 2023, 55 per cent lower (year-on-year) than $2.6 billion they raised in the same period last year, a report showed on Thursday. It was an uneventful quarter in terms of IPOs and unicorns for the sector.ANo companies from the fintech space went public in Q1 2023, and there were no new entrants in the unicorn club. However, this was a sharp jump of 126 per cent when compared with $523 million raised in Q4 of 20...
Indian fintech startups raise $1.2 bn in Q1 2023, down 55% YoY
Indian fintech startups raise $1.2 bn in Q1 2023, down 55% YoY
Source: IANS
13/04/2023 12:25:45 PM
India's PhonePe raises another $100 million from General Atlantic, other investors Walmart Inc-owned Indian payments firm PhonePe on Wednesday said it had raised an additional $100 million from General Atlantic and other investors as part of its ongoing $1 billion fundraise to expand into the lucrative lending space. With the latest round, PhonePe, India's most valuable payments firm with an estimated value of $12 billion, has raised $650 million across four tranches from its backers, including Tiger Global. General Atlantic had invested $350 million in the fintec...
India's PhonePe raises another $100 million from General Atlantic, other investors
India's PhonePe raises another $100 million from General Atlantic, other investors
Source: Reuters
12/04/2023 4:36:27 PM
Nepal, India to sign cross-border digital payments deal Nepal and India are set to sign an agreement for cross-border digital payments using e-wallet, which is expected to boost trade and tourism by eliminating currency hassles. The deal is expected to be signed during Prime Minister Pushpa Kamal Dahal's visit to India sometime this month, according to Nepali media reports. The accord will allow Indian tourists in Nepal to make digital payments using Indian e-wallets like BharatPe, PhonePe, Google Pay and Paytm. According to the repor...
Nepal, India to sign cross-border digital payments deal
Nepal, India to sign cross-border digital payments deal
Source: IANS
11/04/2023 11:40:45 AM
India`s PhonePe launches e-commerce app on government`s open network  Walmart Inc-backed digital payments firm PhonePe Pvt Ltd launched an app called Pincode on the Indian government's open network on Tuesday to strengthen its e-commerce business. The Open Network for Digital Commerce (ONDC) was launched last year to enable small merchants and local stores across India to access processes and technologies typically deployed by large e-commerce platforms like Amazon and Walmart. Pincode, which will focus on hyperlocal commerce, is currently live ...
India`s PhonePe launches e-commerce app on government`s open network
India`s PhonePe launches e-commerce app on government`s open network
Source: Reuters
4/04/2023 5:46:56 PM
ONDC to foster hyperlocal ecommerce business model in India: Nandan Nilekani The government's Open Network for Digital Commerce (ONDC) platform will democratise ecommerce for millions of small retailers in India, paving the way for the rise of more dedicated distribution and logistics companies, Infosys Chairman and Co-founder Nandan Nilekani said on Tuesday. According to him, ONDC will not be limited to a few players but everyone in India -- a person owning a small grocery store, a small electronics retailer or a restaurant owner -- bringing millions of such p...
ONDC to foster hyperlocal ecommerce business model in India: Nandan Nilekani
ONDC to foster hyperlocal ecommerce business model in India: Nandan Nilekani
Source: IANS
4/04/2023 4:17:35 PM
Walmart pumps $200 million in Indian fintech PhonePe in ongoing fundraise Indian digital payments firm PhonePe said on Friday it has raised $200 million from majority backer Walmart Inc at a pre-money valuation of $12 billion. PhonePe, already India's most valuable payments firm and among the country's most highly-valued startups, said the investment is part of its ongoing fundraise of up to $1 billion. It has raised $350 million from private equity firm General Atlantic and $100 million from Ribbit Capital, Tiger Global and TVS Capital Funds in the p...
Walmart pumps $200 million in Indian fintech PhonePe in ongoing fundraise
Walmart pumps $200 million in Indian fintech PhonePe in ongoing fundraise
Source: Reuter
18/03/2023 3:45:12 PM
Walmart pumps $200 million in Indian fintech PhonePe in ongoing fundraise Indian digital payments firm PhonePe said on Friday it has raised $200 million from majority backer Walmart Inc at a pre-money valuation of $12 billion. PhonePe, already India's most valuable payments firm and among the country's most highly-valued startups, said the investment is part of its ongoing fundraise of up to $1 billion. It has raised $350 million from private equity firm General Atlantic and $100 million from Ribbit Capital, Tiger Global and TVS Capital Funds in the p...
Walmart pumps $200 million in Indian fintech PhonePe in ongoing fundraise
Walmart pumps $200 million in Indian fintech PhonePe in ongoing fundraise
Source: Reuters
17/03/2023 12:39:15 PM
PhonePe raises extra $100 mn at $12 bn valuation Leading fintech company PhonePe on Tuesday announced it has raised another $100 million in primary capital from Ribbit Capital, Tiger Global, and TVS Capital Funds, at a pre-money valuation of $12 billion. The new investment follows the recent $350 million primary fundraise from General Atlantic, a leading global growth equity firm, that PhonePe closed in January. "We are privileged to have a great set of leading global investors, both existing and new, who believe in our mission o...
PhonePe raises extra $100 mn at $12 bn valuation
PhonePe raises extra $100 mn at $12 bn valuation
Source: IANS
14/02/2023 4:24:49 PM
Indian startups raised $1.2 bn in Jan, PhonePe & KreditBee lead Indian startups raised about $1.2 billion in January amid rough macroeconomic conditions and funding winter. According to data by Fintrackr, an arm of startup news portal Entrackr, growth-stage startups witnessed 22 deals worth $926 million in the first month of 2023. Early-stage startups received $265 million across 67 deals while 12 startups did not disclose transaction details. According to the report, the average deal size for early-stage startups was nearly $4 million. PhoneP...
Indian startups raised $1.2 bn in Jan, PhonePe & KreditBee lead
Indian startups raised $1.2 bn in Jan, PhonePe & KreditBee lead
Source: IANS
6/02/2023 10:46:17 AM
PhonePe envisions massive opportunity ahead across UPI, lending, insurance, ONDC Fintech platform PhonePe on Wednesday said the company envisions massive opportunities ahead across UPI, lending, account aggregator, insurance, and ONDC. PhonePe recently raised $350 million in funding from General Atlantic, a leading global growth equity firm, at a pre-money valuation of $12 billion, making it a decacorn. "General Atlantic is a really good blue chip global investor that has a long view on companies, which gives us the flexibility to be able to actually do at-scal...
PhonePe envisions massive opportunity ahead across UPI, lending, insurance, ONDC
PhonePe envisions massive opportunity ahead across UPI, lending, insurance, ONDC
Source: IANS
26/01/2023 12:01:46 PM
India's PhonePe raises $350 million at $12 billion valuation Walmart-owned Indian digital payments app said on phone pay Thursday it has raised $350 million at a valuation of $12 billion in a funding round led by private-equity firm General Atlantic. Funding rounds backed by venture capital firms have slowed down, with Indian startups having raised a third lesser last year than in 2021, according to Venture Intelligence. Under pressure to cut costs and turn profitable, startups have removed thousands of employees in the recent months. Pho...
India's PhonePe raises $350 million at $12 billion valuation
India's PhonePe raises $350 million at $12 billion valuation
Source: Reuters
19/01/2023 12:08:44 PM
Walmart gets $1 billion tax bill for shifting PhonePe HQ to India - Bloomberg News Walmart and other shareholders of digital payments app PhonePe will have to pay tax worth around $1 billion after the fintech firm shifted its headquarters to India from Singapore last year, Bloomberg News reported on Wednesday, citing people familiar with the matter.
Walmart gets $1 billion tax bill for shifting PhonePe HQ to India - Bloomberg News
Walmart gets $1 billion tax bill for shifting PhonePe HQ to India - Bloomberg News
Source: Reuters
4/01/2023 5:27:24 PM
PhonePe fully separates from parent company Flipkart E-commerce giant Flipkart on Friday announced the full ownership separation of digital payments platform PhonePe. Following the partial separation announced in December 2020, Flipkart and PhonePe are now established as separate entities, the company said in a statement. The PhonePe Group was acquired by the Flipkart Group in 2016. "We are confident PhonePe will continue to scale and achieve its vision of providing financial inclusion to millions of Indians," said Kalyan Kri...
PhonePe fully separates from parent company Flipkart
PhonePe fully separates from parent company Flipkart
Source: IANS
23/12/2022 11:27:19 AM
Digital payments in India touch Rs 38.3 lakh cr at over 23 bn transactions The Unified Payments Interface (UPI), debit and credit cards, prepaid payment instruments like mobile wallets, and prepaid cards logged 23.06 billion transactions amounting Rs 38.3 lakh crore in the third quarter this year, a new report showed on Monday. At the top, the UPI clocked over 19.65 billion transactions in volume and Rs 32.5 lakh crore in terms of value. The UPI transactions volume and value almost doubled since last year as it recorded about an 88 per cent increase in volume ...
Digital payments in India touch Rs 38.3 lakh cr at over 23 bn transactions
Digital payments in India touch Rs 38.3 lakh cr at over 23 bn transactions
Source: IANS
5/12/2022 4:40:09 PM
Macquarie`s comparison of Jio Financial Services with Paytm an assumption made too early The report by Australian financial services firm Macquarie saying that Jio Financial Servicess entry into the lending space is a threat to Paytm and Bajaj Finance seems to be a comparison that has been done in a hurry, industry sources said on Wednesday. To date, Paytm has seen competition from the likes of WhatsApp, Amazon Pay, PhonePe and Google Pay but so far, none of them have managed to usurp the company's leadership across payments and financial services. Even Macquarie, in it...
Macquarie`s comparison of Jio Financial Services with Paytm an assumption made too early
Macquarie`s comparison of Jio Financial Services with Paytm an assumption made too early
Source: IANS
23/11/2022 12:41:11 PM
Meta's India public policy chief, WhatsApp's India boss quit WhatsApp's India head Abhijit Bose and Meta Platforms Inc's public policy director in India Rajiv Aggarwal have resigned, a Meta spokesperson said on Tuesday. The departures follow the exit of Meta's India head Ajit Mohan, who quit this month after four years in the job to join rival Snap Inc. Meta is also in the middle of massive layoffs announced last week, cutting more than 11,000 jobs or 13% of its workforce, as the Facebook parent doubles down on its metaverse bet amid ...
Meta's India public policy chief, WhatsApp's India boss quit
Meta's India public policy chief, WhatsApp's India boss quit
Source: Reuters
15/11/2022 8:07:39 PM
PhonePe first player to enable UPI activation with Aadhaar  Leading fintech platform PhonePe on Wednesday announced it has enabled UPI activation using Aadhaar-based OTP authentication. PhonePe is the first UPI Third Party Application Provider (TPAP) App to roll out the Aadhaar-based UPI onboarding flow that will now enable several crore Indians to become a part of the UPI ecosystem, seamlessly and securely for the first time, the company said in a statement. Under the previous UPI onboarding flow, a valid debit card was mandatory to set u...
PhonePe first player to enable UPI activation with Aadhaar
PhonePe first player to enable UPI activation with Aadhaar
Source: IANS
10/11/2022 9:36:31 AM
Walmart-backed PhonePe in talks to raise funds at $12 billion valuation- Moneycontrol  Indian digital payments firm PhonePe is in talks to raise funds in a round led by General Atlantic at a valuation of $12 billion, financial news website Moneycontrol reported on Friday, citing people aware of the matter. U.S. private equity group General Atlantic is likely to lead the round with an investment of $450 million to $500 million, the report said. The round would make Walmart Inc-backed PhonePe the most valuable Indian financial tech firm, surpassing Razorpay and Paytm,...
Walmart-backed PhonePe in talks to raise funds at $12 billion valuation- Moneycontrol
Walmart-backed PhonePe in talks to raise funds at $12 billion valuation- Moneycontrol
Source: Reuters
21/10/2022 9:47:39 AM
PhonePe enables Online Dispute Resolution (ODR) platform for UPI 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. UDIR is an automated, single-channel redressal system designed to seamlessly address customer issues and complaints regarding pending transactions and provide speedy dispute resolution online instead of manual file-based processes. "From the early days of UP...
PhonePe enables Online Dispute Resolution (ODR) platform for UPI
PhonePe enables Online Dispute Resolution (ODR) platform for UPI
Source: IANS
14/10/2022 12:43:38 PM
PhonePe opens swanky 50,000 sq ft office in Pune Leading fintech platform PhonePe on Tuesday announced the opening of its new office in Pune that will be able to accommodate close to 400 employees and will be fully functional from this week. The new office, spread across an area of 50,000 square feet, has been designed with plenty of open spaces allowing for effective collaboration and interaction among teams, the company said in a statement. In addition to the dynamic work spaces, the new office has a 3,000 square feet cafeteria that...
PhonePe opens swanky 50,000 sq ft office in Pune
PhonePe opens swanky 50,000 sq ft office in Pune
Source: IANS
27/09/2022 5:17:39 PM
WhatsApp Pay India head quits, joins Amazon -source The head of WhatsApp's India payment business, Manesh Mahatme, has quit after more than a year with the Meta Platforms-owned company to join Amazon India, a source told Reuters on Thursday. Mahatme's exit comes at a critical time for Whatsapp, which is seeking to ramp up its payments service in a highly competitive market and lock horns with more established payers such as Alphabet Inc's Google Pay, Ant Group-backed Paytm and Walmart's PhonePe. During his stint at WhatsA...
WhatsApp Pay India head quits, joins Amazon -source
WhatsApp Pay India head quits, joins Amazon -source
Source: Reuters
22/09/2022 5:30:05 PM
PhonePe enables hassle-free purchase of App Store codes on its platform Leading digital payments platform PhonePe on Wednesday announced that its users can now purchase Apples App Store codes to pay for digital content such as apps, games, music and more. The company said that the codes are available in various denominations on PhonePe, starting from Rs 100 and going up to Rs 10,000. "PhonePe customers can now get complete access to the world of entertainment, including millions of apps available on the App Store," the company said in a statement....
PhonePe enables hassle-free purchase of App Store codes on its platform
PhonePe enables hassle-free purchase of App Store codes on its platform
Source: IANS
10/08/2022 2:53:39 PM
PhonePe launches Smart Speaker for reliable & convenient payment tracking at stores National : PhonePe, India’s leading fintech platform announced the launch of its Smart Speaker for reliable and convenient payment tracking at stores. The Smart Speaker has currently been launched in 8 cities, and over 100k devices are already being used by PhonePe merchant partners. The PhonePe Smart Speaker provides payment notifications in 11 Indian languages, comes with up to 4 days of battery life, doorstep installation at just Rs.50 as an initial set-up cost and a low...
PhonePe launches Smart Speaker for reliable & convenient payment tracking at stores
PhonePe launches Smart Speaker for reliable & convenient payment tracking at stores
Source: PR Agency
4/08/2022 3:30:12 PM
PhonePe Launches UPI SIP for Gold Investments National : PhonePe, India’s leading digital payments company, today announced the launch of UPI SIP for investing in Gold. Users can now invest in the highest purity 24K Gold of a specified amount every month and accumulate their Gold in insured bank-grade lockers maintained by PhonePe’s partners, MMTC-PAMP and SafeGold. The advantage of starting a Gold SIP on PhonePe is the convenience of UPI. The user has to just select the Gold provider, mention the monthly investment a...
PhonePe Launches UPI SIP for Gold Investments
PhonePe Launches UPI SIP for Gold Investments
Source: PR Agency
25/05/2022 1:23:44 PM
PhonePe offers cashback on gold, silver purchases via its app Digital payments company PhonePe on Thursday announced exciting offers on the purchase of gold and silver via the app on the auspicious occasion of Akshaya Tritiya. Users can buy the highest purity 24K gold through the app and choose to either accumulate it in bank grade insured lockers with zero hassle of storage or making charges or get delivery in the form of gold coins or bars from a wide range of design options. "24K gold and silver on PhonePe are of the best value and highest...
PhonePe offers cashback on gold, silver purchases via its app
PhonePe offers cashback on gold, silver purchases via its app
Source: IANS
28/04/2022 12:35:41 PM
India's buy-now-pay-later market to touch $40 bn by 2025 The buy-now-pay-later (BNPL) market in India's fintech space is set to touch a staggering $40 billion by 2025, a new report showed on Thursday. This fintech subsegment, which saw 9 times funding growth and massive adoption in 2021, is moving at a 65 per cent (on-year) growth, according to management consulting firm Redseer. Several startups and fintech platforms have joined the BNPL bandwagon like Simpl, Lazypay, Zestmoney, ePayLater, Flipkart, Paytm, PhonePe and Amazon India who of...
India's buy-now-pay-later market to touch $40 bn by 2025
India's buy-now-pay-later market to touch $40 bn by 2025
Source: IANS
24/02/2022 11:06:08 AM
PhonePe, NITI Aayog team up to launch fintech open hackathon Leading digital payments platform PhonePe on Thursday announced that NITI Aayog, in association with the platform, will be hosting the first-ever open-to-all hackathon that aims to showcase path-breaking solutions for the fintech ecosystem. The Hackathon will provide an opportunity for innovators, digital creators and developers from all over India to think, ideate and code. Winning teams stand to win exciting cash prizes worth Rs 5 lakhs, the platform said in a statement. Participan...
PhonePe, NITI Aayog team up to launch fintech open hackathon
PhonePe, NITI Aayog team up to launch fintech open hackathon
Source: IANS
17/02/2022 10:43:34 AM
PhonePe 'SafeCard' enables businesses to implement tokenisation easily  PhonePe, Indias leading digital payments platform, on Tuesday announced that its SafeCard tokenisation solution for online businesses enables their end customers to experience the convenience of saved card transactions with added security. This solution is in compliance with the recent RBI guidelines. PhonePe SafeCard enables businesses to offer tokenisation on their own platforms via a simple API integration. With this solution, businesses can create, process, delete and modify t...
PhonePe 'SafeCard' enables businesses to implement tokenisation easily
PhonePe 'SafeCard' enables businesses to implement tokenisation easily
Source: IANS
30/11/2021 10:09:24 AM
All UPI money transfers, offline, online payments on PhonePe are free India's leading digital payments platform PhonePe on Tuesday clarified that all UPI money transfers, offline and online payments (across UPI, wallet, credit and debit cards), on the payment app are free, and they will continue to be free for all users. The company said that PhonePe does not charge for these transactions, and will not be doing so in the future also. "For mobile recharges, PhonePe is running an experiment where a small section of users are being charged a process...
All UPI money transfers, offline, online payments on PhonePe are free
All UPI money transfers, offline, online payments on PhonePe are free
Source: IANS
26/10/2021 2:39:07 PM
PhonePe users to get assured cashback on mobile rechargesc India's leading digital payments platform PhonePe on Friday announced assured cashback up to Rs 50 on prepaid mobile recharges. The company said that users recharging via the PhonePe app will win assured cashback on completion of three prepaid mobile recharges, above Rs 51. "This offer is currently applicable for all PhonePe users on the latest version of the app, across all payment instruments," it added. To avail the offer, users need to open the PhonePe app, click on...
PhonePe users to get assured cashback on mobile rechargesc
PhonePe users to get assured cashback on mobile rechargesc
Source: IANS
22/10/2021 2:27:08 PM
PhonePe launches UPI based AutoPay for Mutual Fund SIP investments National, August 2nd, 2021: PhonePe, India’s largest digital payments company, today announced the launch of UPI based AutoPay functionality for it’s mutual fund investment offerings that will allow its customers to set up their Mutual Fund SIPs in just a few seconds. This makes PhonePe the first digital investment platform to introduce this feature in the country. With UPI Autopay, PhonePe customers can set up their SIPs in just 3 steps: Select Fund, Input Monthly SIP Inv...
PhonePe launches UPI based AutoPay for Mutual Fund SIP investments
PhonePe launches UPI based AutoPay for Mutual Fund SIP investments
Source: PR Agency
2/08/2021 1:17:45 PM
PhonePe acquires homegrown Indus App Bazaar for Rs 438 cr Walmart-owned digital payments provider PhonePe has acquired homegrown Android app store Indus App Bazaar for $60 million (roughly Rs 438 crore), reliable industry sources told IANS on Wednesday. The move, sources said, will strengthen PhonePe's 'Switch' app that aggregates several useful apps at one place. When contacted, both the companies did not divulge any details at the moment. PhonePe launched the Switch platform in 2018 and today, its customers can place orders on...
PhonePe acquires homegrown Indus App Bazaar for Rs 438 cr
PhonePe acquires homegrown Indus App Bazaar for Rs 438 cr
Source: IANS
19/05/2021 3:44:17 PM