Phonepe

NPCI considers easing UPI market share cap amid enforcement challenges

NPCI is considering increasing the allowable market share to to over 40% from the previously proposed 30% cap

PhonePe, Liquid Group tie up to expand UPI QR payment service in Singapore

Walmart group's fintech firm PhonePe on Tuesday said it has partnered with cross-border payment solutions provider Liquid Group to expand its merchant acceptance network in Singapore. The collaboration will allow PhonePe users travelling to Singapore to scan and pay using the app at Liquid Group's merchant base. "We are thrilled to partner with Liquid Group to bring the convenience of UPI payments to Indian travellers visiting Singapore. This popular destination is a favourite among Indian tourists, and we are excited to empower them to pay quickly and easily at their favourite food, shopping, and sightseeing spots making their travel experience even more enjoyable," Ritesh Pai, CEO of International Payments at PhonePe, said. The QR codes will be widely available at tourist-centric locations, including Changi Airport, duty-free shops, restaurants, bars, retailers like The Cocoa Trees, Hard Rock caf, sightseeing spots, and transportation services, the statement said. The collaborati

PhonePe CEO says UPI mcap overhang holding back company from going public

Speaking at the Global Fintech Fest, Sameer Nigam, chief executive officer, PhonePe, said, "As far as going public, the market cap overhang is definitely a problem for us

PhonePe turns profitable with adjusted PAT, revenue up 74% for FY24

This is the first time the company has reported profit on consolidated numbers

Fintech major PhonePe introduces 'credit line on UPI' on its platform

The option also allows merchants on PhonePe's Payment Gateway to offer customers an additional payment option at the time of checkout

Top 3 players processed 93% of all transactions on UPI in July: NPCI

PhonePe and Google Pay, the two largest players, process about 85 percent of UPI volumes in the country

Google Pay, PhonePe, and Amazon Pay seek entry into RBI's digital rupee

These payment firms are collaborating with the RBI and the NPCI and are anticipated to introduce e-rupee access within the next three to four months, according to a Reuters report

PhonePe, Google Pay lose their UPI transactions share to new entrants

Operated by state-backed NPCI, UPI is a system that allows users to make instant money transfers by linking banks with fintech apps such as Paytm, PhonePe and Google Pay

“Truly sorry…,” PhonePe CEO Sameer Nigam on Karnataka job quota remarks

PhonePe retains top position on UPI in June, Paytm's market share slips

Nearly one out of two transactions on the National Payments Corporation of India (NPCI)-run UPI are processed on fintech major PhonePe's platform

PhonePe CEO apologises for lashing out at Karnataka reservation bill

If my comments hurt anyone's sentiment, I am truly sorry and would like to offer you an unconditional apology: PhonePe's Sameer Nigam

'Shame': PhonePe CEO Sameer Nigam on Karnataka's private sector quota bill

PhonePe CEO questioned the bill's fairness, asking if his Karnataka-raised children do not deserve jobs in their home city despite his contributions to employment across the country

'We do not worry about (UPI) market share', says Amazon Pay India CEO

When asked if the regulator has been asking them to increase market share, Bansal said the need is to focus on growing the Unified Payments Interface (UPI) ecosystem

Ixigo, PhonePe extend partnership to offer flight, bus booking services

Travel booking platform ixigo on Monday announced that it has expanded its exclusive partnership with PhonePe to offer flight and bus bookings on the fintech platform's app. The two companies had joined hands to offer booking services for trains. The expanded partnership will enable over 54 crore PhonePe users to experience more comprehensive travel booking and utility services for flights, trains and buses, ixigo said. As part of the collaboration, ixigo will exclusively power these travel booking options on PhonePe, integrating services from ixigo flights for flight bookings, AbhiBus for bus bookings as well as expanding its prior partnership with ConfirmTkt for train bookings, it said. "This collaboration will particularly benefit travellers from tier-II/III cities, leveraging the platform's products and offerings for the next billion users and PhonePe's growing penetration in smaller towns and its fintech expertise," ixigo Group CEO Aloke Bajpai said. Along with simpler paymen

Your next smartphone can come pre-installed with India's own Indus Appstore

PhonePe is in advanced talks with major smartphone manufacturers to include its homegrown Indus Appstore in their devices

New updates: Sonia Gandhi unanimously elected as Congress Parliamentary Party chairperson

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PhonePe's UPI share expands, Paytm sees marginal rise in txn volume in May

The Bengaluru-based digital payments and financial services company has maintained its streak of growth on UPI with its share increasing from 47.35 per cent in February this year

PhonePe ties up with Sri Lankan ride-hailing player to enable UPI payment

Fintech firm PhonePe has partnered with ride-hailing platform PickMe to enable UPI-based payments for Indian travellers in Sri Lanka, the Walmart group firm said on Thursday. Last month, PhonePe entered into a partnership with LankaPay to allow its users to pay using UPI across Sri Lanka. "Our partnership with PickMe exemplifies the company's commitment to providing Indian travellers with convenient and trusted payment solutions. Previously, navigating payments in a new country could be a hassle. "Now, with PhonePe, Indian tourists visiting the beautiful island nation of Sri Lanka can enjoy the ease and security of UPI payments for their rides," Ritesh Pai, CEO of PhonePe - International Payments, said. The collaboration follows the launch of PhonePe in the island nation last month, wherein the Indian High Commissioner Santosh Jha had urged companies in Sri Lanka to engage with Indian companies to build on the UPI stack for innovations in hotel bookings, cab bookings, delivery ...

China may impose similar regulations for WeChat as India's UPI rules

Google Pay, PhonePe, and Paytm controls over 90 per cent of UPI transaction volume and value in India

Aim to connect lenders, customers for financial needs: PhonePe Lending CEO

In unsecured loans, there is no asset or underlying security that is taken from the customer, said Gala