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...
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...
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...
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...
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....
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...
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...
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...
The popular digital payments app PhonePe has recently been reported to launch a feature which is bound to solve their user’s cash crunch issues. The top executives at Walmart are betting big on PhonPe to climb to the top...
It has recently been reported that Paytm and PhonePe which are leading digital payment companies of India have combined allocated a humongous sum of Rs. 2000 crores to spend on marketing in the year 2020. The top executives at...
