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  • PhonePe planning foray into stockbroking business: Report Apr 15, 2021 08:35 AM IST

    PhonePe planning foray into stockbroking business: Report

    PhonePe’s payments rival Paytm has already received its stockbroking license from SEBI and sources told the paper there are “at least two more fintech companies with plans to enter stock broking.”

  • Mobikwik plans IPO before September 2021 to raise $200-250 million Mar 22, 2021 03:13 PM IST

    Mobikwik plans IPO before September 2021 to raise $200-250 million

    The payments startup is targeting to file for the draft IPO prospectus by May 2021 that may valve the firm at more than $1 billion. It is willing to hold a pre-IPO funding round, which may give it a valuation of about $700 million, a Bloomberg report has said.

  • Paytm launches point of sale app that converts phones into card payment machines Mar 09, 2021 05:33 PM IST

    Paytm launches point of sale app that converts phones into card payment machines

    With this PoS application, a merchant will be able to accept payments through a debit or credit card just like a normal EDC machine - by tapping the card on the back of their smartphones.

  • PhonePe & Paytm lock horns: Both claim market leadership Mar 02, 2021 07:09 PM IST

    PhonePe & Paytm lock horns: Both claim market leadership

    Paytm is yet to put out a breakup of its numbers for February, so it’s hard to tell who really was No. 1 last month with both claiming to have recorded over a billion transactions.

  • Founder-CEO Ashneer Grover on why BharatPe chose not to be a unicorn, for now  Feb 12, 2021 12:26 PM IST

    Founder-CEO Ashneer Grover on why BharatPe chose not to be a unicorn, for now 

    Ashneer Grover thinks BharatPe has achieved a lot but has a long way to go, the unicorn tag can be a distraction.

  • Multiple UPI IDs from top banks can be created by PhonePe customers Feb 11, 2021 10:58 AM IST

    Multiple UPI IDs from top banks can be created by PhonePe customers

    PhonePe is the largest digital payments platforms in India with 265 million registered users.

  • PhonePe allots stock options worth $200 million to employees Feb 05, 2021 08:36 AM IST

    PhonePe allots stock options worth $200 million to employees

    In December, Flipkart had announced the partial spin-off of PhonePe, as the digital payment firm had raised USD 700 million in funding, valuing it at USD 5.5 billion.

  • PhonePe beats Google Pay as top UPI app in December with transactions worth Rs 1.82 lakh crore Jan 19, 2021 09:32 AM IST

    PhonePe beats Google Pay as top UPI app in December with transactions worth Rs 1.82 lakh crore

    PhonePe and Google Pay dominate the UPI market in India, and, in December accounted for 78 percent of transaction volumes and 86 percent of transaction value.

  • Over 50% of Indians opted for online mobile recharges in 2020 due to Covid-19 pandemic Jan 02, 2021 02:51 PM IST

    Over 50% of Indians opted for online mobile recharges in 2020 due to Covid-19 pandemic

    Payment gateways and fintech companies also acknowledged a 55-75 percent increase in mobile recharge transactions.

  • Digital payment companies continue to bleed as expenses pile up, profits remain elusive Dec 31, 2020 02:10 PM IST

    Digital payment companies continue to bleed as expenses pile up, profits remain elusive

    According to filings with the MCA, all the major payment companies have been incurring massive losses while trying to earn more revenue. The only exception is Paytm, which earned almost the same revenue in FY 2020 as FY 2019 while narrowing its losses.

  • PhonePe launches new voice notification feature for Business app in 9 languages Dec 22, 2020 04:55 PM IST

    PhonePe launches new voice notification feature for Business app in 9 languages

    The new voice confirmation will help merchants during peak business hours with a voice message announcing the amount received from a customer, without having to check the customer’s phone screen or waiting for a SMS.

  • PhonePe may fill 700 open job positions in the next few months: Report Dec 11, 2020 10:49 AM IST

    PhonePe may fill 700 open job positions in the next few months: Report

    Since the end of February, PhonePe has recruited 500 people across multiple roles amid the pandemic, raising its employee strength to 2,200.

  • 3-Point Analysis | Payment apps PhonePe, Amazon Pay, Google Pay and Paytm move to battle zone ‘digital gold’ Dec 08, 2020 03:38 PM IST

    3-Point Analysis | Payment apps PhonePe, Amazon Pay, Google Pay and Paytm move to battle zone ‘digital gold’

    As digital payments applications have seen a boost amid the COVID-19 pandemic, applications like PhonePe, Amazon Pay, Google Pay and Paytm are now also competing in the ‘digital gold’ category. Moneycontrol's Shraddha Sharma does a 3-Point Analysis to see how these firms are running the space.

  • Google Pay, PhonePe accounted for 86% of UPI transactions in Oct: NPCI Dec 08, 2020 11:57 AM IST

    Google Pay, PhonePe accounted for 86% of UPI transactions in Oct: NPCI

    UPI transactions worth Rs 1,65,654.71 crore were made through Google Pay in October.

  • 'Digital gold' becomes new war zone for PhonePe, Google, Paytm, and Amazon in India Dec 07, 2020 10:36 PM IST

    'Digital gold' becomes new war zone for PhonePe, Google, Paytm, and Amazon in India

    PhonePe has emerged to be the largest platform for buying 'digital gold' with over 35 per cent market share. So far, customers from over 18,500 pin codes across India have bought gold on PhonePe, mainly from small towns and cities.

  • Monthly active customers at Flipkart, PhonePe at 'all-time high', says Walmart CEO Nov 17, 2020 10:21 PM IST

    Monthly active customers at Flipkart, PhonePe at 'all-time high', says Walmart CEO

    According to Flipkart, 10 million deliveries were achieved in the first five days of the Big Billion Day sales, while PhonePe saw a record 925 million transactions in October 2020.

  • Explained | WhatsApp Payments goes live in India, what does this mean for the ecosystem? Nov 06, 2020 08:37 AM IST

    Explained | WhatsApp Payments goes live in India, what does this mean for the ecosystem?

    Almost three years after being launched in a beta testing stage, NPCI has finally allowed WhatsApp to start payments with an initial limit of 20 million users.

  • PhonePe hits 250 million user mark, registers 925 million transactions in October Nov 02, 2020 01:55 PM IST

    PhonePe hits 250 million user mark, registers 925 million transactions in October

    The company reported over 100 million monthly active users (MAU) and 2.3 billion app sessions in October, a statement said.

  • Explained | Mobile wallet payments to get simpler with interoperable QR codes Oct 31, 2020 11:18 AM IST

    Explained | Mobile wallet payments to get simpler with interoperable QR codes

    RBI's new restriction on proprietary is a big push towards making India a cashless economy.

  • PhonePe to digitise 2.5 crore small merchants or 'kiranas' in India Aug 31, 2020 10:28 PM IST

    PhonePe to digitise 2.5 crore small merchants or 'kiranas' in India

    The company will also onboard these 'kiranas' on its 'PhonePe for Business' app, offering them end-to-end control of payment process, including instant payment confirmations, receipts and reconciliations.

  • PhonePe prepares for IPO by 2023; seeks $7-10 billion valuation: Report Aug 24, 2020 02:14 PM IST

    PhonePe prepares for IPO by 2023; seeks $7-10 billion valuation: Report

    Flipkart, too, is planning a US listing by 2022. US retail giant Walmart acquired a 77 percent stake in the Bengaluru-based company in May 2018.

  • Amazon Pay's latest feature 'Gold Vault' lets customers invest in digital gold: Report Aug 20, 2020 11:30 PM IST

    Amazon Pay's latest feature 'Gold Vault' lets customers invest in digital gold: Report

    Amazon Pay has tied up with SafeGold, the retail brand of Digitial Gold India Pvt, to launch this service for users

  • Park+ partners with PhonePe to enable easy payments Aug 10, 2020 12:27 PM IST

    Park+ partners with PhonePe to enable easy payments

     PhonePe customers will get to access Park+ through PhonePe's Switch feature.

  • EXCLUSIVE | Google Pay, PhonePe to soon offer auto debit through UPI  Aug 10, 2020 10:34 AM IST

    EXCLUSIVE | Google Pay, PhonePe to soon offer auto debit through UPI 

    The payment apps are likely to come out with the recurring payments offer within a month, sources have said.

  • Paytm, Google Pay and PhonePe tie-up with restaurants to cash in on digital dining: Report Jul 13, 2020 03:41 PM IST

    Paytm, Google Pay and PhonePe tie-up with restaurants to cash in on digital dining: Report

    The companies are looking to make the most of preference for contactless services as restaurants gradually resume dining-in services.

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