As the acceptance of digital payments have exploded in the country, Walmart-owned PhonePe is expecting its userbase to grow from 300 million to 900 million by 2026
Launched last year, UPI Autopay allows users to set up recurring e-mandates for recurring payments such as mobile bills, power bills, EMIs, OTT subscriptions, insurance, MF among others
From 'tankhwa' and 'kiraya', for 'shagun' and 'jugaad', digital payment is a pan-India habit
PhonePe has launched PhonePe Pulse, India's first interactive platform with data, insights and trends on digital payments. Nigam said firm has made privacy topmost concern while designing Pulse
The Walmart-owned digital payment firm said its Pulse platform reveals digital transaction habits of over 300 mn Indians at a district level
PhonePe is in no hurry to launch its IPO and will go public "when it makes sense" for the company, even as a number of Indian internet companies line up to mark their debut on Dalal Street
The broking license will allow it to start offering personalised product recommendations to its more than 300 mn users, and offer a much more diverse portfolio of insurance products for consumers
Business Standard brings you the top stories this evening
Nigam said that the fintech firm is aiming to reach 900 million people in the next 8-10 years
Fintech major PhonePe on Thursday said it is processing almost $1.5 billion transactions a month, and about 80 per cent of its users are from tier-II cities and beyond
Account aggregators are responsible for providing services based on the explicit consent of individual clients, which includes the transfer, but not storing, of a client's data
Nexus will be like a world wide web of payments, a set of rules any country can adopt.
Experts say the dominance of certain players is a factor of the overall preference of consumers as to which app they are using for making different transactions
Digital payments platform PhonePe on Monday said it has partnered with Flipkart to enable pay-on-delivery service for the e-commerce major's orders. PhonePe's dynamic QR code solution will enable customers who earlier opted for 'cash on delivery' to pay digitally through any UPI app at the time of delivery, PhonePe said in a statement. This will help reduce personal contact while ensuring safety and drive contactless payments for customers who are traditionally more comfortable with cash on delivery, it added. "Digital payments adoption has become widespread over the past few years, thanks to UPI. However, there still continues to be a preference for cash on delivery among some customers at the time of delivery," PhonePe Director (Business) Ankit Gaur said. Digitising these cash-based payments would give a major boost to not just e-commerce but also contribute to the larger goal of Digital India, he added. "Our partnership with Flipkart to enable contactless and safe payments for
With respect to Affle Global minority shareholding in OSLabs, AGPL finds that 100+ media stories were reported mostly with PhonePe's bias on the OSLabs related matters
PhonePe had placed a bid to acquire 92 per cent stake in Indus OS at a valuation of around $60 million. However, the biggest shareholder in the company, Affle, has opposed the deal
This feature will allow customers of PhonePe to set up a UPI e-mandate once, post which the company will automatically top up their wallet balance when it falls below the minimum below.
PhonePe says Ventureeast sold shares to Affle in a side deal while engaging on the sale of same shares in favor of PhonePe
The service now has over 20 million offline merchants across 11,000 towns and talukas in India
The acquisition would help PhonePe in its "super app and vernacular language" strategy to integrate various apps on its platform.