Page 6 - Phonepe

Walmart-backed payments firm PhonePe launches vehicle insurance service

Firm says users don't need to upload documents before making a purchase and they can view their policy documents instantly

Financial services becomes next battleground for PhonePe, Amazon and Google

Walmart-owned PhonePe has become the fastest-growing insure-tech distributor in India within just 9 months of the insurance category going live on the digital payments app

PhonePe to expand business, digitise 25 mn small merchants, create 10K jobs

The company plans to reach 5,500 talukas via its merchant acquisition team that will lead to over 10,000 jobs being created in semi-urban and rural areas

Pvt banks charging fee on more than 20 P2P UPI transfers in a month: Report

Defending the move, bankers said that the charges have been introduced in a bid to prevent frivolous transactions from putting a load on the system

PhonePe gears up for IPO by 2023, eyes a valuation of $7-10 billion

The company's foray into financial services is going to play a key role in the firm becoming profitable and going public

Unlock BFSI 2.0: Covid-19 a bigger boost for fintech than demonetisation

While top fintech experts agree that there are more opportunities than challenges for the sector, they underline the importance of digital literacy and customer awareness in rural India

Walmart's PhonePe assures employees there will be no layoffs, salary cuts

The Walmart-owned company says it continues to hire and has plans to add about 600 people across areas such as engineering and marketing over the next few months

Expect slippages to rise to 9% post lockdown: YES Bank's Prashant Kumar

The plan to raise up to Rs 15,000 crore is very much on. We have identified six merchant bankers for the process and are waiting for the Q4 results to be out, YES Bank's MD said

PhonePe launches Super Funds to help users in long-term wealth creation

The Super Fund identifies and invests in top funds across various categories and asset management companies

PhonePe launches coronavirus hospitalisation insurance policy 'Corona Care'

For this, it has partnered with Bajaj Allianz General Insurance, one of the country's largest general insurance companies

Covid-19: Support pours in for PM-CARES Fund as India gears up for battle

Flipkart-owned PhonePe has launched a donation drive and said it aims to contribute up to Rs 100 crore to the Fund

PhonePe extends 'work from home' to offline sales, customer service agents

All PhonePe employees, including over 8,500 offline sales agents and more than 1500 customer service agents including third-party contract workers, have been mandated to work from home

PhonePe integrates food delivery app Swiggy on its 'Switch' platform

With this partnership, PhonePe's 200 million registered users can now access the Swiggy app and order the food from within the PhonePe app itself

Soon, PhonePe Switch users can access Swiggy without leaving the app

PhonePe Switch is a one-click entry point to a world of apps on the PhonePe platform

PhonePe partners with ICICI Bank, to continue alliance with Yes Bank

While PhonePe declined to comment on the banks it is in talks with, sources said PhonePe is engaged in dialogue with State Bank of India, HDFC Bank, Axis Bank and RBL Bank.

YES Bank crisis: PhonePe comes to a halt, but staff keeps it up and running

Payments firm came to a halt after RBI superseded YES Bank's board

RBI's moratorium on Yes Bank disrupts digital payments, PhonePe hit hardest

Since YES Bank is PhonePe's exclusive UPI partner, the latter's users have been affected the most

PhonePe, other digital partners bear the brunt of YES Bank crisis

It can be noted that the bank's own net banking facilities have not been operational since last evening

Parent company pumps in Rs 427 crore into PhonePe to take on rivals

The Bengaluru-based firm is investing about Rs 800 crore this calendar year

US major PayPal set to launch UPI-based digital payments in India

Its entry will increase competition especially when WhatsApp too has received approvals to launch payments