Page 20 - Phonepe

Flipkart-promoted PhonePe receives Rs 4.51 billion investment

The investment is part of the $500-million plan that Flipkart has chalked out for its mobile wallet in an attempt to stay ahead in competition with Paytm wallet, Google's Tez and BHIM

With 94 mn transactions in July, PhonePe claims leadership in UPI payments

On Wednesday, the NPCI which runs the UPI said that the volume of transactions on the network in the month of July stood at 235.65 million

Flipkart's digital payments arm PhonePe crosses 100-million user mark

The company had also hit an annualised total payment value run rate of $20 billion in the month of May

PhonePe looks to ride on Walmart to become India's e-payments king

PhonePe wants to dethrone its Alibaba and SoftBank-backed rival, Paytm, claiming that additional capital that Walmart will bring to the table will help it grow much faster

PhonePe bags $38.7 mn from Flipkart to ward off threat from Google's Tez

Firm claims it has the largest UPI app for merchants in India catering to over 25,000 users

PhonePe claims bulk of merchant UPI transactions

Flipkart-owned digital payments firm says it has tied up with 25,000 merchants

PhonePe stops UPI payments on Flipkart app after NPCI rap

As it is in contravention to the UPI guidelines of interoperability

No clarity from ICICI on violations that led to block: Flipkart's PhonePe

ICICI Bank says it blocked all UPI transactions made through PhonePe due to security concerns