Page 3 - Phonepe

Fintech major Paytm asks merchants to snap ties with third-party platforms

The move comes at a time when other players, including PhonePe, Cashfree Payments, and Razorpay, made similar moves nearly two months ago

PhonePe joins hands with top insurers, launches low-cost motor insurance

PhonePe is offering two-wheeler insurance with an "Own Damage Cover" starting at just Re 1 on its app

UPI services will be unavailable for some users from April 1; check here

The National Payments Corporation of India will remove IDs and users with inactive mobile numbers will be unable to use online payment applications like Google Pay, Paytm, PhonePe, etc

PhonePe Wealth launches CRISP, online tool to select mutual funds

CRISP simplifies investing decisions by converting performance, risk and portfolio data of mutual funds into actionable insights, says company

Your Guide to the Money Mule Scam

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Indus Appstore to come pre-installed in all new Xiaomi smartphones in India

This multi-year alliance with Xiaomi India fosters a localised digital ecosystem tailored for Indian consumers

PhonePe clocks 600 mn registered users, adds 100 mn in past 16 months

The company claims to have a base of over 40 million merchants. It processes over 330 million transactions daily and has recorded an annualized total payment value of over Rs 150 trillion

PhonePe begins IPO process, set to become third fintech to list in 5 years

PhonePe said its "strong top line and bottom line growth" across business portfolios makes it a suitable time for public listing

PhonePe Introduces Device Tokenization: A Secure Way to Make Digital Payments

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PhonePe launches device tokenisation for credit and debit card transactions

This is a first among companies that have decided to offer direct solutions to customers without requiring a merchant's reliance on third-party payment orchestration platforms

PhonePe clocks record 8.1 bn UPI transactions in January, shows NPCI data

PhonePe continued to dominate the UPI ecosystem, commanding a 47.67 per cent market share, with Google Pay and Paytm holding 36.38 per cent and 6.78 per cent, respectively

PhonePe returns NBFC-AA licence, will partner with other AAs in market

PhonePe had integrated the AA service into its consumer app, allowing users to create an interoperable AA handle and access bank statements through the "check balance" feature at no cost

PhonePe to wind down account aggregator business, surrender NBFC-AA licence

Account aggregators are non-banking financial companies (NBFCs) that deliver a user's financial data from financial information providers (FIPs) to financial information users (FIUs)

PhonePe's Guardrails: Foundations of Trust and Safety

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UPI can grow 10 times from current base, says NPCI chief Dilip Asbe

The apex payments body recorded 16.73 billion transactions in December 2024. UPI registered over 172 billion transactions in 2024 alone

PhonePe partners with ICICI Lombard to offer Maha Kumbh Mela insurance

The Maha Kumbh Mela, expected to commence on January 13, 2025, and continue till February 26, 2025, in Prayagraj, Uttar Pradesh

Navi crosses 1% market share in UPI transactions in December 2024

This is the first time in many months that a firm outside the top three has achieved this

NPCI delays UPI payments market share cap in relief for PhonePe, Google Pay

The mandate, which was to take effect from the end of 2024, will now kick in at the end of December 2026

Fintech major PhonePe eyes replicating UPI success via diversification

At present, the overall user base of PhonePe is over 500 million. Of these, its merchant base is over 40 million

A Merchant's Guide to Staying Safe from New Fraud Trends

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