PhonePe

Chipping Away: Amidst the UPI Boom, Paytm Looks To Navigate its Way

As if it wasn’t on a roll earlier, the COVID-19 pandemic made the thrust to digital payments all the more prolific, important, and the ultimate need. At the front and center, milking all that acceleration has been the UPI or...

UPI Transactions Slowing Down? 2.29 Billion In February, A Dip From January!

For the last few months, the growth in the number of UPI transactions has been below expectations. Industry experts expected the surge after the holiday season, but February remains no different, both in terms of UPI transactions volume and...

Exclusive: PhonePe Raises ₹5,000 Crore At A Valuation of ₹45,000 Crore

The digital payment company PhonePe has raised Rs 5,000 crore (approx $690 million) in a fresh round of funding. After the new round of investment, the company is now valued Rs 45,000 crore (post-money valuation) that will help the...

Paytm Lawsuit Impact: TRAI Slaps Fine On Jio, Airtel, BSNL And Other Telcom Operators

The emergence of e-wallets brought along with itself a big uprise in notorious phishing scammers who prey on unsuspecting consumers by pretending to be KYC execs, support personnel and so on. This is why, the homegrown unicorn Paytm, seeing how...

Can WhatsApp Pay Give PhonePe And Google Pay Run For Their Money?

The popular instant messaging platform WhatsApp’s newest offering WhatsApp Pay, which is a UPI-based payments app, is all set to officially roll out in India very soon. The two bankers who are familiar with the development, have confirmed that...

PhonePe IPO: Eyes On 2023 But Will It Become A Reality?

The entire digital payments industry in India has been going through a bit of a rough patch since the very beginning of 2020. Starting from the transaction fee of payment firms for UPI and RuPay being slashed to the...

PhonePe Net Loss by Year: FY 2016 – 2019

The above graph represents the PhonePe net loss by year, starting from fiscal 2016 to the recently completed year. Walmart-owned digital payment startup witnessed a huge surge in its net losses during the financial year ended March 31, 2019....

Growth in PhonePe Revenue By Year: FY 2016 – 2019

The above graph represents the growth in PhonePe revenue by year, starting from the fiscal year 2016 to the recently completed year. The Flipkart-owned PhonePe reported its highest-ever annual revenue of Rs 245.8 crore in FY 2019, with a...

The Number of UPI Transactions Plunged Significantly For The First Time Ever!

Since its inception in India, the Unified Payments Interface, aka UPI, has seen an unimaginable amount of scale and speed in terms of growth and adoption. As many as 148 Indian banks currently live on the UPI platform right...

Fintech Startups Hit By Outages Post Yes Bank’s Moratorium

As the central bank placed Yes Bank under moratorium till April 3rd, several startups including the digital payment firms PhonePe and BharatPe, which relied on Yes Bank as their banking partner seemed to face outages. It has been reported...

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Facebook’s Secret Project With Spotify: To Redefine The Online Music Streaming Industry!

Spotify and Facebook have joined hand together to make sure you don’t miss out on listening to your favourite...