Page 6 - Phonepe

NPCI to review by end of year decision on 30% UPI market share cap

December 2024 deadline for implement market cap remains unchanged, say sources

PhonePe, Google Pay creating a duopoly in India's UPI space? NPCI to check

Google Pay and PhonePe, together account for 86% of UPI transactions by volume in India and are also expanding to offer UPI services abroad

PhonePe partners with eSewa, HAN Pokhara to promote UPI service in Nepal

Fintech firm PhonePe on Wednesday said it has partnered with Nepal's digital wallet service eSewa and the Hotel Association of Nepal (HAN) Pokhara to promote digital payments through UPI on the Himalayan country's payment processor Fonepay Network. The partnership is a part of the Fewa New Year Festival which will be held from April 11-14 in Nepal. Over 3,000 merchants will participate in the festival with more than 1,00,000 visitors expected to visit. PhonePe in a statement said it will run on-ground activation aimed at raising awareness about digital payments among local merchants while demonstrating the convenience of digital payments for customers. With kiosks showing how to use digital payments and other interactive activities, PhonePe along with eSewa and HAN Pokhara will showcase the ease of UPI (Unified Payments Interface) payments. "Our focus will be on creating merchant education and awareness to ensure the uptick of UPI on the Fonepay Network in Nepal," said Ritesh Pai,

Singapore Tourism Board, PhonePe sign MoU to boost UPI for Indian tourists

The collaboration with the tourism board and the Bengaluru-based company builds upon the existing Unified Payments Interface (UPI) linkage between India and Singapore

Indian travellers can now use PhonePe to make payments via UPI in Singapore

Fintech firm PhonePe on Wednesday said its users can now make payments through UPI in Singapore under a pact signed by the company with The Singapore Tourism Board. The collaboration has been built upon the existing Unified Payments Interface (UPI) linkage between India and Singapore, which allows customers to instantly make cross-border transactions between the two countries directly from their existing Indian bank accounts. "Singapore Tourism Board (STB) and PhonePe enter a two-year strategic partnership to promote UPI payments for Indian visitors in Singapore," PhonePe, a decacorn, said in a statement. Privately-held companies with a valuation of over USD 10 billion are termed as decacorn. As part of the partnership, STB and PhonePe will invest in joint marketing efforts across India and Singapore, to promote seamless UPI experiences across key tourism hotspots. "This partnership exemplifies our dedication to enhancing the Singapore visitor experience for discerning, tech-savvy

PhonePe users can now make UPI payments in UAE via NEOPAY Terminals

Fintech firm PhonePe App users travelling to the UAE can now make payments using UPI at Mashreq's NEOPAY Terminals, the Walmart group digital payments firm said on Thursday. The transactions will be facilitated by the Unified Payments Interface (UPI). The account debit will occur in Indian rupee, showing the currency exchange rate, PhonePe said in a statement. NEOPAY Terminals is available across a wide array of retail stores, dining outlets, as well as tourist and leisure attractions. "With this partnership, customers can now conveniently transact through UPI, a payment method they are familiar with. Enabling digital payments not only reflects PhonePe's commitment to convenience but also embraces the evolving needs of today's travellers," PhonePe CEO for International Payments, Ritesh Pai said. The collaboration is facilitated through Mashreq's partnership with NPCI International Payments Limited (NIPL). Through this partnership, Mashreq has enabled NEOPAY Terminals to accept UPI

Phonepe's Indus Appstore gains traction amid Google-developer spat

Indus Appstore thrives with rapid user adoption and developer interest

Indus Appstore crosses one million installations within a month: PhonePe

PhonePe said it has partnered with Nokia and LAVA, and is in advanced talks with several other smartphone manufacturers, targeting pre-installation on over 250 million devices by the end of this year

PhonePe to go global in a couple of months, says CEO Sameer Nigam

The Bengaluru-headquartered company is expected to announce its international plans over the next couple of months

PhonePe got lucky by betting on UPI before everyone jumped in: CEO

Nigam said the fintech startup's UPI play gave it a boost, even as many banking and technology companies failed to tap digital payments at scale

PhonePe's Indus Appstore surpasses 100,000 downloads in 3 days of launch

Indus Appstore -- the new Android-based made-in-India app store that is pitted against the might of Google's Play Store -- has surpassed 100,000 downloads in just three days of launch, according to a release on Monday. App developers, tech enthusiasts, and users have actively downloaded the app, recognising the potential impact of Indus Appstore on India's digital ecosystem, the release said. Last week, PhonePe, owned by Walmart Inc, had launched the mobile app marketplace -- Indus Appstore -- to challenge Google's Play Store and Apple's App Store. "Indus Appstore, India's revolutionary new Android-based app store from PhonePe, has achieved a significant milestone by surpassing 100,000 downloads in just three days of launch," it said. The "remarkable feat", the release said, underscores the Indian market's eagerness for a localised, inclusive, and developer-empowering alternative to existing app stores. Akash Dongre, Chief Product Officer and Co-Founder of Indus Appstore, said, "W

Indus Appstore crosses 100,000 downloads in three days of its launch

The rapid adoption of the Indus Appstore, particularly as a side-loaded application, which requires users to download it directly from the Indus Appstore website

Fintech major PhonePe takes on Google, Apple with homegrown Indus Appstore

The Indus Appstore is PhonePe's attempt at creating a more competitive and localized mobile app store economy for India, which is already the world's largest market for mobile apps

Flipkart in talks to potentially acquire Reliance-backed startup Dunzo

Despite having raised approximately $500 million to date, Dunzo has faced increased competition in the hyperlocal delivery segment

We will add some Paytm's customers: PhonePe co-founder & CEO Sameer Nigam

Nigam was in conversation with Shradha Sharma, founder and CEO, YourStory at the Mumbai Tech Week 2024

Competitors Google Pay, PhonePe and BHIM go all out for Paytm user base

Players such as Google Pay, PhonePe, and even banks like HDFC and State Bank of India (SBI) are said to be deploying several thousand 'feet on the street' or salesforce to attract merchants

Why startups are flipping back to India in spite of the hefty tax bill

The thing is, if a company wants to move from another country to India as a domicile, it is treated as a capital gains event for existing investors

PhonePe adds former revenue secretary, 2 Walmart executives to its board

The strengthening of PhonePe's board comes at a time when the government is tightening the regulatory framework. PhonePe's rival Paytm is already facing multiple issues

Highlights of the day: Delhi airport sees 13 flight diversions on Feb 1

From the delay in train, flight services to the updates about the interim budget 2024, catch all latest news here

PhonePe sells over 9 million insurance policies since September 2021

The Walmart-owned fintech firm said it has contributed to over 65% growth for two-wheeler digital Insurance in India