PhonePe

PhonePe on Thursday announced plans to accelerate the expansion of its merchant network and take digital payment infrastructure deeper into India's towns and villages. As part of the expansion, PhonePe plans to hire more than 20,000 frontline sales personnel on its rolls over the next year. The company will also deploy more than 50 lakh payment devices over the next 12 months, including SmartSpeakers and POS devices with approximately 50 per cent of these devices in rural India, taking digital payment acceptance deeper into Tier 6 towns and rural geographies. The recently announced MDR framework allows the company to take a long view and invest in merchant expansion. Initiatives like a dedicated fund using 5 per cent of the MDR amount collected earmarked for small merchant expansion, are further catalysing these investments, especially in deep rural geographies including tier 6 towns and villages. The new labour codes introduced last year, are also enabling the company to hire faste

The fintech major has received in-principle approval for two UAE payments licences and plans to support domestic payment rails Aani and Jaywan ahead of its commercial launch

PhonePe has received in-principle approval from the UAE central bank for two licences covering retail payments, card schemes and stored-value facilities

Rahul Chari, cofounder and chief technology officer, outlines his plans for the next decade and addresses concerns around concentration risk

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The fintech major has secured two licences from the Central Bank of the UAE to offer consumer payment instruments and e-payment acceptance infrastructure to merchants.

According to Prime Database data, 21 IPOs are opening in August, up from 12 in July. This marks a sharp spike from the first half of the year.

Fintech firm PhonePe on Thursday announced that it has signed a Memorandum of Understanding (MoU) with the Ministry of Electronics and Information Technology (MeitY) to integrate its enterprise data intelligence platform, PulsePro, into the PM GatiShakti framework. The platform transforms aggregated and anonymised transaction data into market signals, allowing organisations to access real-world activity trends across various geographies and categories for smarter, data-based decision-making. The collaboration is aimed at supporting national infrastructure planning, economic analysis, and holistic urban and rural development through granular, hyperlocal insights, the company said in a statement. Under the agreement, PhonePe PulsePro metrics will be integrated into the PM GatiShakti National Master Plan portal, which is managed in collaboration with the Bhaskaracharya National Institute for Space Applications and Geo-informatics (BISAG-N). "Data-driven intelligence can play an import

Sameer Nigam, CEO of PhonePe, on Saturday said in a social media post that consumers would continue to use UPI free of charge, even as questions around charges for consumers and merchants continued

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PhonePe said 77% of Daily SIP users are from B30 cities, while CAMS reported record mutual fund AUM and double-digit growth in profit and revenue

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The fintech firm's revenue from operations rose to ₹7,920.48 crore in FY26, but higher expenses and regulatory changes contributed to a wider annual loss

In a joint representation, smaller payment apps urged NPCI to widen consultations, warning the proposed checkout framework could entrench the dominance of larger rivals

PhonePe has appointed Srijon Biswas as chief technology officer, while co-founder Rahul Chari assumes the expanded role of chief product and technology officer

PhonePe on Wednesday announced the appointment of Srijon Biswas as its Chief Technology Officer (CTO) with immediate effect. Biswas, who has been with the fintech firm for nearly a decade and previously served as the Head of Engineering, will now lead PhonePe's entire engineering organisation. He will continue to report to PhonePe Co-founder Rahul Chari, the company said in a statement. As part of a broader evolution of leadership responsibilities, Chari, who previously served as the CTO, will assume the role of Chief Product and Technology Officer (CPTO) while continuing in his capacity as co-founder. Chari's mandate already covered technology, product, trust and safety, and data sciences and analytics. He has recently added customer experience and artificial intelligence (AI) to his portfolio, alongside leading other strategic initiatives across the PhonePe Group. "As PhonePe continues to expand and grow, strengthening our technology leadership is a natural step. Srijon's ...

Vishal Gupta, part of PhonePe's founding team, has stepped down as the fintech integrates its insurance business with its consumer payments business

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India recorded over 440 million wallet app downloads in 2025, led by PhonePe and Paytm, but slowing installs and rising UPI transactions show the market is shifting toward deeper usage

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