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PhonePe is now the first payment app to link 2 lakh RuPay credit cards to UPI
Fri, May 26, 2023
Leading fintech company PhonePe has announced that the company has become the first digital payments app to successfully enable the linkage of two lakh RuPay credit cards to the Unified Payments Interface (UPI).
PhonePe raises additional $100 million from General Atlantic, Tiger Global, others
Tue, May 23, 2023
With this latest primary infusion from General Atlantic, PhonePe has now raised a total of $850 million of primary capital in the current round.
PhonePe gets another $100 million from General Atlantic
Wed, Apr 12, 2023
PhonePe plans to use the funding to build and scale new businesses like insurance, wealth management, lending, stockbroking, ONDC-based shopping, and account aggregators.
UPI app wars: PhonePe has the new tech to maintain supremacy over rivals Paytm, GooglePay
Wed, Apr 12, 2023
PhonePe claims to deploy 20 lakh smart speakers within six months of its launch. The PhonePe device comes with up to four days of battery life, dedicated data connectivity, a battery level LED indicator for convenience among other features.
A look at this week's startup deals: Apptile, Verak, InsuranceDekho, Zyod, Dozer, PhonePe, were in news
Fri, Apr 07, 2023
This week startups like Apptile, Prozeal Infra, Narrato, Lawyered, ixamBee raised funding among others, InsuranceDekho bought Verak while Godrej Consumer and Iron Pillar launched funds to invest in Indian startups.
Phonepe launches shopping app Pincode on ONDC network
Tue, Apr 04, 2023
Walmart-owned digital payments app Phonepe has launched a new shopping app called 'Pincode' built on top of the ONDC platform, according to a company's statement. Pincode is currently live only for Bangalore-based customers.
A look at this week's startup deals: Phonepe, Upgrad, GoMechanic, LoanTap were in news
Fri, Mar 31, 2023
This week startups like Upgrad raised funding, Wiggles bought Capt Zack, LoanTap acquired Unofin while Phonepe called off a deal with ZestMoney.
Walmart-backed Phonepe cancels deal with BNPL startup ZestMoney
Thu, Mar 30, 2023
PhonePe recently raised $200 million in additional funding from Walmart at a pre-money valuation of $12 billion. The company expects to raise further funding which will be announced in due course.
AI firm Adept gets $350 million in Series B round from General Catalyst, Spark Capital, others
Mon, Mar 20, 2023
Adept is an artificial intelligence research and product lab with the goal of creating software process automation for developers. Recently the company's co-founders Niki Parmar and Ashish Vaswani exited the business.
PhonePe receives $200 million in additional funding from Walmart
Fri, Mar 17, 2023
PhonePe expects to raise further funding which will be announced in due course. The company has received $350 million from General Atlantic and $100 million from Tiger Global Management, Ribbit Capital and TVS Capital since January 2023.
HDFC Bank Will Now Compete With Gpay And PhonePe? Watch This Detailed Video
Thu, Mar 09, 2023
To take on Google Pay, PhonePe with new PayZapp. HDFC Bank, India's largest private sector lender, will soon be launching its revamped mobile and internet banking platforms, besides a “better version” of its payments application.
PhonePe raises $100 million in additional funding at a $12 billion valuation
Tue, Feb 14, 2023
With this second tranche, PhonePe has already raised $450 million within six weeks from leading investors.
PhonePe launches international UPI service: Users can now make payments in these 5 countries
Tue, Feb 07, 2023
Indian customers need to use a foreign currency, or their credit or forex cards to pay at international merchant outlets but with the 'UPI international' payments feature, PhonePe can now use their Indian Bank accounts to pay using UPI.
PhonePe becomes India’s first fintech to allow international UPI payments
Tue, Feb 07, 2023
On February 7, Fintech major PhonePe announced that it is launching UPI payment option for international payments. This is really handy if you are travelling to another country and want to pay foreign merchants.
PhonePe paid Rs 8,000 crore in taxes for shifting base to India: CEO
Thu, Jan 26, 2023
Fintech firm PhonePe on Wednesday said it had to pay Rs 8,000 crore in taxes for shifting its domicile to India and is also likely to incur an accumulated loss of Rs 7,300 crore, an amount that could have been offset against future profit.
PhonePe raises USD 350 million at USD 12 billion valuation
Thu, Jan 19, 2023
The company also plans to invest in new businesses, including insurance, wealth management, and lending.
PhonePe completes separation from Flipkart
Fri, Dec 23, 2022
honePe has successfully digitized more than 35 million offline merchants spread across tier 2, 3, 4 cities and beyond, covering 99 per cent of pin codes in the country.
UPI payment apps may soon impose transaction limit: Check Details
Tue, Nov 22, 2022
UPI Transaction Limit: This means that users may not be able to make unlimited payments via Unified Payments Interface (UPI) payment apps.
PhonePe first player to enable UPI activation with Aadhaar: What it means
Thu, Nov 10, 2022
According to PhonePe, it is the first UPI TPAP (third-party application providers) App to roll out the Aadhaar-based UPI onboarding flow that will now enable several crore Indians to become a part of the UPI ecosystem, seamlessly and securely for the first time.
PhonePe investing USD 200 mn on data centres in India
Thu, Oct 20, 2022
Speaking to reporters after the launch of a data centre facility at Navi Mumbai, Chari said PhonePe will be investing USD 200 million on data centres.