Page 19 - Phonepe

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

Fintech firms PhonePe and PineLabs get fresh funding from parent companies

PhonePe has received Rs 697.9 crore from its parent entity PhonePe Pvt Ltd while Pine Labs has raised about Rs 707 crore through a rights issue to its parent entity, Pine Labs Pte. Ltd

Flipkart-owned PhonePe receives Rs 698-cr infusion from parent firm

In March this year, PhonePe had raised over Rs 700 crore from its Singapore-registered parent entity, which was a part of the $500 million commitment by Flipkart

How PhonePe is inching towards becoming market leader in the payments space

The Walmart-backed payments firm's market share stands at 33.4%, behind market leader Paytm's 42%; but its app was used in 53% of smartphones in the domestic market, compared to Paytm's 51.3%

When Walmart got a $10 billion Phone Pe surprise after buying Flipkart

PhonePe has grown into one of India's leading digital payments companies

Walmart tops up PhonePe wallet with Rs 743 cr to counter Amazon and Google

The fresh capital tops up PhonePe's war-chest as the Sameer Nigam-led company looks to support user growth in a market heated up by the entry of Google Pay and Amazon Pay

Offline and online merchants drive PhonePe deals past the two-billion mark

PhonePe which competes with Amazon Pay, Google Pay and Paytm is currently accepted at over 3 mn merchant outlets across 130 cities. It crossed the one billion deal milestone in November 2018

PhonePe eyes to become Super App like WeChat in China

This year, PhonePe is focussed on bringing more partners across categories, including travel, commute, food, hyper-local, retail and entertainment on the platform

PhonePe plans expansion, eyes $50 billion in transactions in 2019

PhonePe via Bharat Bill Payment System (BBPS) plans to get into a number of new verticals, including fee payments in schools and colleges, payments at hospitals and other services

PhonePe to roll back PoS plan after facility hurdle, may stay with QR codes

Alibaba, Paytm and MobiKwik all use QR codes as a main offline payment option