PhonePe

PhonePe has over 4x of Paytm’s UPI market share! One of every two UPI transactions is taking place via PhonePe … and this could be concerning for NPCI. The National Payments Corporation of India (NPCI) faces an acute challenge in...

PhonePe has unveiled its financial performance for fiscal 2023, ending on March 31, 2023. The fintech unicorn reported a whopping 77% YoY increase in its consolidated revenue, amounting to Rs 2,914 crore in FY23. PhonePe's revenue growth can be...

Zerodha, the stock brocking king of India, now finds itself in the midst of an exciting battle for supremacy. And this rival is none other than PhonePe, the UPI giant backed by the retail powerhouse Walmart, Inc. It's a...

The adoption of UPI (Unified Payment Interface) has surged over the past five years, driven by the widespread use of smartphones and the availability of high-speed internet across India. Players like PhonePe, Paytm, and Google are vigorously competing to...

Investment in Indian startups has started drying up since the second half of 2022, owing to massive layoffs and global economic uncertainty. However, Indian startup entrepreneurs took a sigh of relief last month as the total investment in Indian...

The adoption of UPI-based payments in India has dramatically increased since its launch in 2016. It is currently the fastest-growing mobile payment system in the world. Surprisingly, after a stellar performance in 2022, the country saw a notable drop in...

PhonePe, the market leader in UPI transactions and financial services, announced a significant declined of 44 percent in losses incurred during fiscal 2021 (FY21), on a stand-alone basis, compared to the previous fiscal. Losses from operations, excluding expenses related to...

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...

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...

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...