Page 15 - Phonepe

PhonePe partners Flipkart to digitise cash-on-delivery payments

Digital payments platform PhonePe on Monday said it has partnered with Flipkart to enable pay-on-delivery service for the e-commerce major's orders. PhonePe's dynamic QR code solution will enable customers who earlier opted for 'cash on delivery' to pay digitally through any UPI app at the time of delivery, PhonePe said in a statement. This will help reduce personal contact while ensuring safety and drive contactless payments for customers who are traditionally more comfortable with cash on delivery, it added. "Digital payments adoption has become widespread over the past few years, thanks to UPI. However, there still continues to be a preference for cash on delivery among some customers at the time of delivery," PhonePe Director (Business) Ankit Gaur said. Digitising these cash-based payments would give a major boost to not just e-commerce but also contribute to the larger goal of Digital India, he added. "Our partnership with Flipkart to enable contactless and safe payments for

Affle Global wins legal battles as PhonePe fails to acquire 92% of OSlabs

With respect to Affle Global minority shareholding in OSLabs, AGPL finds that 100+ media stories were reported mostly with PhonePe's bias on the OSLabs related matters

Affle claims victory in Indus OS stake sale lawsuit; PhonePe, OSLabs refute

PhonePe had placed a bid to acquire 92 per cent stake in Indus OS at a valuation of around $60 million. However, the biggest shareholder in the company, Affle, has opposed the deal

PhonePe launches auto top-up feature for its wallet

This feature will allow customers of PhonePe to set up a UPI e-mandate once, post which the company will automatically top up their wallet balance when it falls below the minimum below.

PhonePe files complaint with Sebi against Ventureast Fund over OSLabs deal

PhonePe says Ventureeast sold shares to Affle in a side deal while engaging on the sale of same shares in favor of PhonePe

Walmart's PhonePe crosses 300 mn registered users, merchant network grows

The service now has over 20 million offline merchants across 11,000 towns and talukas in India

PhonePe seeks to acquire Indus OS to take on Paytm, Google Pay, Amazon Pay

The acquisition would help PhonePe in its "super app and vernacular language" strategy to integrate various apps on its platform.

Flipkart and PhonePe continue to post strong growth in India: Walmart CEO

Strength in India, Canada, China helps Walmart International post $27.3 bn net sales; 8.3% decrease

Amazon invests Rs 225 cr in India digital payments arm to ramp up presence

Last October, ahead of the festive season, Amazon had invested Rs 700 crore in Amazon Pay

Second month in row, Walmart's PhonePe logs over 1 billion transactions

Maintains top position in UPI apps, followed by Google Pay

Covid-19 second wave: Walmart scales up efforts to fight pandemic in India

The company will donate up to 20 oxygen-generating plants and 20 cryogenic containers for oxygen storage and transportation

Digital payments grew by 76% in the past 12 months: Razorpay report

Tier-2 & 3 cities and towns continued to contribute over 50% of all online transactions

PhonePe sees rising demand for Covid insurance with increasing cases

PhonePe said on Thursday that coronavirus insurance has seen widespread adoption lately with 75 per cent of its policies bought by customers in smaller towns outside the tier-1 cities

PhonePe sees rapid demand for Coronavirus insurance products as cases rise

The claims from customers of more than Rs 3.5 crore have already been paid

Walmart's PhonePe leads UPI payments, crosses 1 bn transactions in March

The development comes at a time when UPI has broken a new record, crossing Rs 5 trillion in value in March across 2.73 billion transactions

Amazon plans to step up e-payments, financial services in India

Wish to convert cash-hardened customer into a digital one: Amazon Pay CEO

PhonePe takes up six IPL 2021 sponsorships for its biggest marketing push

Company last year earmarked about Rs 800 crore on marketing.

PhonePe takes up 6 IPL 2021 sponsorships as part of marketing push

PhonePe said on Thursday it has taken up six different sponsorships for IPL 2021

SBI, Paytm Payments Bank, PhonePe lead in UPI transactions in February

SBI was the top remitter on the UPI platform in February, while Paytm Payments Bank led the chart in the beneficiary segment, as per data published by the National Payments Corporation of India

PhonePe cements position as leading UPI app, WhatsApp falls behind

UPI, India's flagship payments platform, recorded 2.29 billion transactions worth Rs 4.25 trillion in February.