PhonePe

Setting up a gold SIP on PhonePe is a one-time, hassle-free process and all subsequent investments are completely automated

PhonePe to acquire WealthDesk and OpenQ for about $50 million and $20 respectively according to the sources. PhonePe has invested over $60 M on acquisitions as per the data analytics platform Tracxn

Real-time transactions in retail and food delivery have started in Delhi, Bengaluru, Shillong

Assam witnessed the fastest adoption with over 2.5 lakh merchants in 2022 compared to just 10,000 merchants in 2020, followed by Tripura, Meghalaya, Arunachal Pradesh, Nagaland, Sikkim, and Mizoram

According to a report by the Ministry of Electronics & Information Technology, UPI has now become the most popular mode of payment

Users can buy 24K gold through the app and choose to either accumulate it in bank grade insured lockers with zero hassle of storage or making charges or get delivery in form of gold coins or bars

PhonePe had placed a bid to acquire 92 per cent stake in Indus OS at a valuation of around $60 million

The app has seen digital transactions from over 19,000 pin codes, constituting more than 99 per cent of the country

Regulator granted WhatsApp approval in November 2020 to go live on UPI in the multi-bank model in a graded manner.

WhatsApp has over the years told NPCI that there should be no cap on users of its payments service in India, its biggest market

Last October, PhonePe sought Bombay HC injunction to restrain BharatPe from misusing PhonePe's registered trademarks by using and promoting the marks 'PostPe'/'postpe'

Business Standard brings you the top headlines on Tuesday

Digital payments platform PhonePe on Tuesday said it plans to more than double its total employee strength to 5,400 across the country by the end of December 2022 from existing 2,600

The Walmart-owned fintech firm is focused on doubling employee strength to about 5400.

Seeks info on lending ops after cases of data breach

Transaction value not disclosed; GigIndia to bring 1.5 million entrepreneurs and over 100 enterprises on its platform as part of its integration with PhonePe under the deal

American retail giant Walmart is not keen on opening direct-to-consumer physical stores in India

The first prize was awarded to a hack called BizFiz, a solution for MSMEs to make loan application processes easier and make the process of loan underwriting easier for banks.

The hackathon will provide an opportunity for innovators, digital creators and developers from all over India to think, ideate and code.

PhonePe platform drove a cumulative 6.63 billion transactions in Q4, according to key digital payment trends from PhonePe Pulse Q4 2021