Page 14 - Phonepe
PhonePe withdraws petition against BharatPe's Postpe, to file fresh suit
Fintech major PhonePe has withdrawn its petition against BharatPe's Buy Now Pay Later (BNPL) Postpe platform which had alleged violation of PhonePe's trademark and said it will file a fresh suit. PhonePe had approached the Bombay High Court seeking an injunction to restrain Resilient Innovations, which operates BharatPe, from misusing PhonePe's registered trademarks by using and promoting the marks 'PostPe'/'postpe', PhonePe said in a statement on late Friday night. During the hearing, the Court observed that the mark PostPe adopted by Resilient Innovations is so phonetically, structurally and visually similar to PhonePe mark that it also thought that PostPe/postpe is a natural evolution of the word PhonePe and emanated from PhonePe, the statement added. "However, to address certain observations made by the Court in the pleadings filed by PhonePe, the suit was withdrawn with liberty to file a fresh suit challenging the adoption of mark PostPe/postpe by Resilient Innovations," PhoneP
 "PhonePe withdraws petition against BharatPe's Postpe, to file fresh suit")
PhonePe files and pulls back copyright petition against BharatPe's postpe
Customers can download the postpe app from Play Store and avail interest-free credit limit of up to Rs 10 lakh
 "PhonePe files and pulls back copyright petition against BharatPe's postpe")
PhonePe starts charging processing fee on mobile recharges via UPI
The company is the first digital payments app to have started charging for UPI-based transaction which is being offered for free by its competitors
Total value of transactions grew 23.3% QoQ to Rs 921,674 cr: PhonePe Pulse
Offline merchant payments grew faster than online merchant payments
 "Total value of transactions grew 23.3% QoQ to Rs 921,674 cr: PhonePe Pulse")
PhonePe's revenue grew 85% to Rs 690 cr in FY21, losses drop by 44%
The 85% YoY revenue growth was due to a rise in transactions. PhonePe has a lion's share of the volumes on United Payment Interface and Bharat Bill Payment System
Fintech's 'buy now, pay later' credit for kiranas is changing livelihoods
Even small shops can now access large and organised wholesalers, as they buy credit responsibly.
 "Fintech's 'buy now, pay later' credit for kiranas is changing livelihoods")
Who are the biggest beneficiaries of India's digitisation drive in Covid?
When the JAM trinity was announced in 2014, the idea was to link mobile phones with Aadhaar and bank accounts. After UPI and wallets, now we have BharatQR and e-Rupee. Who has gained most from these?
 "Who are the biggest beneficiaries of India's digitisation drive in Covid?")
Flipkart, Amazon, BigBasket witnessing spectacular growth: PhonePe CEO
As the acceptance of digital payments have exploded in the country, Walmart-owned PhonePe is expecting its userbase to grow from 300 million to 900 million by 2026
 "Flipkart, Amazon, BigBasket witnessing spectacular growth: PhonePe CEO")
PhonePe received a million UPI autopay mandates in past three months
Launched last year, UPI Autopay allows users to set up recurring e-mandates for recurring payments such as mobile bills, power bills, EMIs, OTT subscriptions, insurance, MF among others
Indians embrace digital: Over 300 mn smartphone users use digital payments
From 'tankhwa' and 'kiraya', for 'shagun' and 'jugaad', digital payment is a pan-India habit
 "Indians embrace digital: Over 300 mn smartphone users use digital payments")
Not worried about rivals, says PhonePe's Nigam after opening data for all
PhonePe has launched PhonePe Pulse, India's first interactive platform with data, insights and trends on digital payments. Nigam said firm has made privacy topmost concern while designing Pulse
 "Not worried about rivals, says PhonePe's Nigam after opening data for all")
PhonePe starts first Indian digital payment interactive geospatial platform
The Walmart-owned digital payment firm said its Pulse platform reveals digital transaction habits of over 300 mn Indians at a district level
In no hurry to launch IPO, will go public when it makes sense: PhonePe CEO
PhonePe is in no hurry to launch its IPO and will go public "when it makes sense" for the company, even as a number of Indian internet companies line up to mark their debut on Dalal Street
Payment firm PhonePe receives broking licence from insurance regulator
The broking license will allow it to start offering personalised product recommendations to its more than 300 mn users, and offer a much more diverse portfolio of insurance products for consumers
Top headlines: Ola selects banks for IPO; PhonePe now an insurance broker
Business Standard brings you the top stories this evening
 "Top headlines: Ola selects banks for IPO; PhonePe now an insurance broker")
Processing about 1.5 bn transactions a month: PhonePe CEO Sameer Nigam
Nigam said that the fintech firm is aiming to reach 900 million people in the next 8-10 years
Processing about $1.5 billion transactions a month, says PhonePe
Fintech major PhonePe on Thursday said it is processing almost $1.5 billion transactions a month, and about 80 per cent of its users are from tier-II cities and beyond
PhonePe gets in-principal nod from RBI to operate as an account aggregator
Account aggregators are responsible for providing services based on the explicit consent of individual clients, which includes the transfer, but not storing, of a client's data
Nexus could be banking's next big thing, inspired by Indian payments system
Nexus will be like a world wide web of payments, a set of rules any country can adopt.
 "Nexus could be banking's next big thing, inspired by Indian payments system")
NPCI caught between managing UPI growth, curbing dominance of few players
Experts say the dominance of certain players is a factor of the overall preference of consumers as to which app they are using for making different transactions
 "NPCI caught between managing UPI growth, curbing dominance of few players")
