Page 19 - Phonepe

Top headlines: WhatsApp Pay set for phased roll out in India, SBI cuts MCLR

From WhatsApp Pay's phased roll out in India to PhonePe's plans of creating world's biggest ATM network in India, here are the day's top headlines

PhonePe goes live across one million offline shops in eastern India

PhonePe continues to expand into newer geographies enabling even local kiranas to accept payments from consumers

Paytm is clearly ahead of competition, says CEO Vijay Shekhar Sharma

Paytm is bigger than everybody else combined in the market, added the Paytm CEO

Google Pay leads UPIs in digital payments, Amazon Pay most favoured wallet

All the findings in this report are based on transactions held on the Razorpay platform from January 2018 to December 2019

PhonePe expands into financial services, launches int'l travel insurance

PhonePe, which competes with Alibaba-backed Paytm, Amazon Pay and Google Pay, claimed it is India's first digital payment platform to launch international travel insurance.

PhonePe launches digital ATM, users can withdraw cash from merchant shops

PhonePe said there will not be any charges for customers or merchants to avail of this service

Ahead of Jeff Bezos visit, Amazon pumps in Rs 1,715 crore into India units

Fresh investment comes at a time when CCI has ordered an investigation against Amazon and Walmart-owned Flipkart on complaints of deep discounting practices and tie-ups with preferred sellers

PhonePe's fundraising process hits roadblock over valuation mismatch

The Walmart-owned firm has been in talks with several large global investors, to raise up to $1.2 billion

Walmart's PhonePe dives deeper into Indian financial services market

The start-up says Liquid Fund will allow its users to earn higher returns on savings with the ability to withdraw their money instantly 24x7

We are building a financial marketplace, says PhonePe CEO Sameer Nigam

Its co-founder and Chief Executive Officer Sameer Nigam tells Yuvraj Malik about the firm's "platform" strategy, monetization, and future capital-raising plans

PhonePe crosses 5 billion transactions, grows five times in one year

The digital payments platform has over 175 million registered users in the country

Walmart's PhonePe crosses 5 bn transactions on its app, a 5X yoy growth

The company said it is accepted as a payment option across 80 lakh micro, small and medium enterprises in over 215 cities in India

PhonePe recieves Rs 585.6-cr capital infusion from parent Flipkart

In July this year, PhonePe had received a fund infusion of about Rs 698 crore from its parent firm

PhonePe annual loss more than doubles to Rs 1,905 crore in 2018-19

According to previous RoC filings, the net loss in 2017-18 was Rs 791 crore, way higher than the Rs 129 crore in FY17.

EcoSport to PhonePe, children play a key role in moving the needle in ads

Children are no longer awareness builders; recent ads have portrayed them as key influencers in family purchases

India's tech renaissance: PhonePe, Paytm could be the next TCS, Infosys

Hopefully the momentum at both PhonePe and Paytm will spur more Indian entrepreneurship, feeding a rebirth in India's tech sector not seen since the IT-outsourcing boom two decades ago

PhonePe's super-app platform 'Switch', a one stop solution for customers

Aims to provide one-clock entry to entry point to several online merchant platforms on 'PhonePe Switch'

PhonePe charting path to join elite club of start-ups; valuation soars

PhonePe has been aggressive at growing its user and merchant base

PhonePe's journey to become one of the most valuable startups

A recent Morgan Stanley report says, the Walmart group firm has potential to become a $20 bn company at current growth rate

Walmart-owned digital payments firm PhonePe hits $95 bn annual TPV run-rate

The digital payments firm clocks 335 million transactions in July