Wednesday, March 22, 2023
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Tag: PhonePe

Binny Bansal will invest around 150 million USD in PhonePe

Binny Bansal, a co-founder of Flipkart, is supposedly in talks to invest around $100 to $150 million in PhonePe. The deal, if it goes through, will be one of the largest one-time expenditures...

PhonePe revenue increases reached $234 million in the first 9 months of 2022!

One of the most valuable Indian fintech startups, PhonePe, said in a filing that it generated $234.3 million in revenue in the first nine months of 2022. The revenue for the nine...

PhonePe raises $350 million at $12 billion evaluation in first installment becoming a latest decacorn

PhonePe, a Walmart-owned Indian digital payments app, has raised $350 million from US private equity firm General Atlantic at a pre-money valuation of $12 billion, making it the most valuable homegrown fintech...

Flipkart and PhonePe announce their official Separation

Flipkart and PhonePe have announced their separation six years after the e-commerce giant acquired the latter, according to a joint statement released on Friday. PhonePe is now a wholly India-domiciled firm following...

Some Indian Policy Maker seems unhappy with the UPI market Dominance of PhonePe and Google Pay

The Unified Payments Interface (UPI), one of the Indian government's most successful programs, has made sending and receiving money quite simply. In the UPI market, PhonePe and Google Pay have emerged as...

SuperCoins witnesses a new phase of growth across Flipkart, PhonePe, Myntra and Cleartrip

~ SuperCoins are rewards that consumers can earn on every single purchase across the Flipkart Group including Myntra and Cleartrip ~ 58% of today's SuperCoin customers are from T2 & T3 regions...

PhonePe enters into a historic partnership with Extreme IX

Extreme IX becomes the first Fin-Tech company in India to adopt Internet eXchange for an effective nationwide rollout India, April 13th, 2022: PhonePe, one app for all things money, and Extreme IX, India’s...

PhonePe starts charging processing fees on UPI transactions of phone recharges above Rs.50

PhonePe, the Walmart-owned digital payments company, has started levying transaction fees on certain transactions including UPI. The company had recorded over 165 crores of UPI transactions on its platform in September. The company...
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