Page 14 - Phonepe

PhonePe prepping for IPO; seeks valuation of $8 bn-$10 bn: Report

Also, the company has initiated plans to move its registered holding entity from Singapore to India, underlining its 'made in India' credentials.

PhonePe sells over 1 mn two wheeler insurance policies on its platform

Sees over 75% of overall insurance purchases from tier 2 & 3 cities

Digital payments in India projected to reach $10 trn by 2026: Report

Smaller cities have recorded high acceptance of such transactions as cash use declines in country.

Cashing out of Asia

The German group has been completely focused on its European operations at a time when there have been quite a few setbacks

Walmart-owned PhonePe launches UPI SIP for investing in 24K gold

Setting up a gold SIP on PhonePe is a one-time, hassle-free process and all subsequent investments are completely automated

Walmart's PhonePe set to acquire WealthDesk, OpenQ for about $70 mn

PhonePe to acquire WealthDesk and OpenQ for about $50 million and $20 respectively according to the sources. PhonePe has invested over $60 M on acquisitions as per the data analytics platform Tracxn

Dunzo, PhonePe among 24 e-commerce firms joining India's open network

Real-time transactions in retail and food delivery have started in Delhi, Bengaluru, Shillong

PhonePe says Northeast region took lead in digital transactions in Q1

Assam witnessed the fastest adoption with over 2.5 lakh merchants in 2022 compared to just 10,000 merchants in 2020, followed by Tripura, Meghalaya, Arunachal Pradesh, Nagaland, Sikkim, and Mizoram

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