Page 13 - Phonepe

Northeast takes the lead on digitisation: PhonePe Pulse Q1 2022 Data

According to a report by the Ministry of Electronics & Information Technology, UPI has now become the most popular mode of payment

PhonePe announces cashback offers on gold, silver purchases via its app

Users can buy 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 form of gold coins or bars

PhonePe, Affle, seek 'out of court' settlement for Indus OS acquisition

PhonePe had placed a bid to acquire 92 per cent stake in Indus OS at a valuation of around $60 million

PhonePe tops 100 mn transactions a day, does 2.5 bn transactions a month

The app has seen digital transactions from over 19,000 pin codes, constituting more than 99 per cent of the country

NPCI eases cap on WhatsApp payments service to expand to 100 mn users

Regulator granted WhatsApp approval in November 2020 to go live on UPI in the multi-bank model in a graded manner.

WhatsApp wins nod to expand Indian payments service to 100 mn users: Report

WhatsApp has over the years told NPCI that there should be no cap on users of its payments service in India, its biggest market

Top court refuses to entertain BharatPe's petition against PhonePe

Last October, PhonePe sought Bombay HC injunction to restrain BharatPe from misusing PhonePe's registered trademarks by using and promoting the marks 'PostPe'/'postpe'

Top headlines: Zomato speaks on CCI probe; India blocks 22 YouTube channels

Business Standard brings you the top headlines on Tuesday

PhonePe to more than double employee count to 5,400 by December 2022

Digital payments platform PhonePe on Tuesday said it plans to more than double its total employee strength to 5,400 across the country by the end of December 2022 from existing 2,600

PhonePe plans to fill 2800 positions in 12 mths, to hire across functions

The Walmart-owned fintech firm is focused on doubling employee strength to about 5400.

Data breach: Business models of payment platforms under RBI scrutiny

Seeks info on lending ops after cases of data breach

PhonePe acquires GigIndia, top network for freelance micro-entrepreneurs

Transaction value not disclosed; GigIndia to bring 1.5 million entrepreneurs and over 100 enterprises on its platform as part of its integration with PhonePe under the deal

Walmart not keen on retail stores in India; to focus on Flipkart, PhonePe

American retail giant Walmart is not keen on opening direct-to-consumer physical stores in India

PhonePe, NITI Aayog announce FinTech Open Hackathon winners

The first prize was awarded to a hack called BizFiz, a solution for MSMEs to make loan application processes easier and make the process of loan underwriting easier for banks.

PhonePe, NITI Aayog partner up to launch fintech open hackathon

The hackathon will provide an opportunity for innovators, digital creators and developers from all over India to think, ideate and code.

Value of transactions on PhonePe in Q4CY21 grew 26% sequentially to $155 bn

PhonePe platform drove a cumulative 6.63 billion transactions in Q4, according to key digital payment trends from PhonePe Pulse Q4 2021

PhonePe applies for MF license, joins six other fintechs awaiting Sebi nod

Most players are trying to establish a certain niche to gain a foothold into the Rs 38-trillion MF industry which has around 45 AMCs

PhonePe logs annualised TPV of $651 bn, crosses 350 mn user-mark

The registered user base has grown 28 per cent from 273 million in January to 350 million in December 2021

PhonePe is first payments firm to tokenise cards on Visa, Mastercard, Rupay

The company claims the tokenisation solution will help businesses save significant time and effort by removing the need to integrate with multiple card networks while complying with RBI norms

Walmart-owned PhonePe digitises 25 mn merchants, kirana stores across India

The company said that offline merchant transactions on its platform have shown 200 per cent growth since last year