Page 20 - Phonepe

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

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