Page 16 - Phonepe

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.

Top headlines: Cabinet approves bill to set up DFI, Nokia to cut10k jobs

Business Standard brings you top news of the evening

PhonePe leads UPI payments with over 970 mn transactions in February

The Walmart-owned firm, which competes with Google Pay, Paytm and Amazon Pay, now processes some 1.07 billion monthly transactions across UPI, cards and wallets

Flipkart is positioned to win India's e-commerce future: Walmart's McKenna

Flipkart saw more than 250 mn customers over a 5-day period during its flagship 'Big Billion Day' sale event, and PhonePe reached milestone of 1 billion monthly payment transactions, McKenna said

PhonePe retains top position with 42% UPI market share in January

In January, on a month-on-month (MoM) basis, PhonePe saw its transactions go up by a little over 7 per cent and their value nearly 5 per cent

Top headlines: BSE firms' m-cap tops Rs 200 trn, RBI's plan to revive PMC

Walmart-owned digital payments firm PhonePe has distributed ESOPs (employee stock ownership plans) worth $200 million among its 2,200 employees. Read top news with Business Standard

PhonePe distributes ESOPs worth Rs 1,500 crore among all employees

The digital payments firm has rolled out the compensation to all its employees ranging from software engineers, product managers to customer experience and on-ground sales agents

PhonePe beats Google Pay, tops UPI app space in December: NPCI data

Google Pay had seen 960-mn transactions amounting to Rs 1.6 trn in November

Serial regulatory changes slow down PhonePe progress ahead of IPO

The Walmart-owned digital wallet has to grapple with regulatory changes restricting its expansion that coincide with its IPO plans in 2023

Paytm, PhonePe make most of digital adoption to disrupt BFSI space

Paytm launches instant personal loans 24x7 all year round in under two minutes, PhonePe unveils Term insurance

PhonePe reports 7% decline in net losses for FY20, revenue rises 74%

PhonePe is currently valued at $5.5 billion from existing Flipkart investors led by Walmart with the e-commerce player holding majority shares in the company

WhatsApp means Business, joins payments companies in race for revenue

Even as Paytm, PhonePe and Amazon Pay collectively lost $1 billion in FY19, WhatsApp has come up with Business, its first revenue-making initiative in India