Phonepe
PhonePe acquires GSPay IP to launch UPI payments for new feature phones
PhonePe on Friday said it has acquired the IP of GSPay -- a proprietary technology stack from conversational engagement platform Gupshup -- to enable UPI-based payments on new feature phones. The company in a statement said it plans to customise the stack and launch its own UPI payment app for new feature phones in India in the next few quarters. The new app will offer essential UPI features such as peer-to-peer transfers, offline QR payments, and receiving money via mobile numbers or self-QR codes. Industry research indicates that there were over 24 crore feature phone users in India in 2024, and in the next five years, another 15 crore feature phone shipments are anticipated. PhonePe CEO Sameer Nigam said the acquisition will help bring millions of feature phone users into the digital payments ecosystem, a segment largely underserved so far.
 "PhonePe acquires GSPay IP to launch UPI payments for new feature phones")
Fintech major PhonePe appoints new board member as it prepares for IPO
PhonePe is the largest player on India's real-time payments system Unified Payments Interface (UPI). It reversed its listing from Singapore to India in 2022
 "Fintech major PhonePe appoints new board member as it prepares for IPO")
 "PhonePe's Guardrails: Future of Payment Security")
BillDesk's M N Srinivasu appointed IAMAI chairperson for two-year term
M N Srinivasu succeeds Dream Sports CEO Harsh Jain as IAMAI chairperson, while fintech leaders from Razorpay and PhonePe take vice-chairman and treasurer roles
 "BillDesk's M N Srinivasu appointed IAMAI chairperson for two-year term")
PhonePe suffers UPI outage after conducting disaster recovery drills
PhonePe's UPI services went down for over an hour on Monday evening as peak traffic exposed a network capacity shortfall during cybersecurity preparedness drills
 "PhonePe suffers UPI outage after conducting disaster recovery drills")
PhonePe records slight drop in UPI market share as April volumes fall
PhonePe's UPI market share slipped to 46.73 per cent in April amid a 2.22 per cent dip in total transactions on the real-time payments network
 "PhonePe records slight drop in UPI market share as April volumes fall")
PhonePe Unveils its Made in India SmartSpeaker
The next-gen SmartSpeaker comes with 4G connectivity, fast charging capability, and longer battery life
 "PhonePe Unveils its Made in India SmartSpeaker")
Flipkart VP Ashish Vijayvergiya to launch new startup within company fold
Flipkart's Ashish Vijayvergiya to lead a new internal venture, following the model of earlier in-house startups like PhonePe and super.money
 "Flipkart VP Ashish Vijayvergiya to launch new startup within company fold")
Akshaya Tritiya 2025: PhonePe & Paytm roll out gold deals & rewards
PhonePe and Paytm are celebrating Akshaya Tritiya 2025 with special digital gold offers. From cashback and discounts on PhonePe to Paytm's 'Golden Rush' rewards, users can invest in gold with ease.
 "Akshaya Tritiya 2025: PhonePe & Paytm roll out gold deals & rewards")
PhonePe's Pincode app starts 24x7 medicine delivery in three cities
Pincode app is transforming the online pharmacy sector through exclusive partnerships with local medical shops, rather than utilising dark stores
PhonePe launches UPI Circle, payment feature that helps the 'unbanked'
'Primary user' of a UPI account can add trusted individuals to their circle by using UPI ID or QR code & authorise payments for them from anywhere
 "PhonePe launches UPI Circle, payment feature that helps the 'unbanked'")
UPI down again: Google Pay, Paytm, PhonePe hit amid widespread disruption
Users reported failed payments and problems with fund transfers as the most common issues
 "UPI down again: Google Pay, Paytm, PhonePe hit amid widespread disruption")
 "PhonePe's Guardrails: Advanced risk detection features")
Fintech major Paytm asks merchants to snap ties with third-party platforms
The move comes at a time when other players, including PhonePe, Cashfree Payments, and Razorpay, made similar moves nearly two months ago
 "Fintech major Paytm asks merchants to snap ties with third-party platforms")
PhonePe joins hands with top insurers, launches low-cost motor insurance
PhonePe is offering two-wheeler insurance with an "Own Damage Cover" starting at just Re 1 on its app
UPI services will be unavailable for some users from April 1; check here
The National Payments Corporation of India will remove IDs and users with inactive mobile numbers will be unable to use online payment applications like Google Pay, Paytm, PhonePe, etc
 "UPI services will be unavailable for some users from April 1; check here")
PhonePe Wealth launches CRISP, online tool to select mutual funds
CRISP simplifies investing decisions by converting performance, risk and portfolio data of mutual funds into actionable insights, says company
 "PhonePe Wealth launches CRISP, online tool to select mutual funds")
 "Your Guide to the Money Mule Scam")
Indus Appstore to come pre-installed in all new Xiaomi smartphones in India
This multi-year alliance with Xiaomi India fosters a localised digital ecosystem tailored for Indian consumers
 "Indus Appstore to come pre-installed in all new Xiaomi smartphones in India")
PhonePe clocks 600 mn registered users, adds 100 mn in past 16 months
The company claims to have a base of over 40 million merchants. It processes over 330 million transactions daily and has recorded an annualized total payment value of over Rs 150 trillion
