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  • Flipkart saw its cash and cash equivalents fall to $1.1billion at the end of second quarter Oct 06, 2022 07:59 PM IST

    Flipkart saw its cash and cash equivalents fall to $1.1billion at the end of second quarter

    This amount stood at $2.2 billion as of January 31, 2022, according to the annual report by Walmart filed in earlier March.

  • Moneycontrol Selects: Top stories this evening Oct 03, 2022 06:56 PM IST

    Moneycontrol Selects: Top stories this evening

    Our specially curated package of the most interesting articles to help you stay at the top of your game

  • PhonePe moves domicile from Singapore to India in run-up to IPO plans Oct 03, 2022 03:45 PM IST

    PhonePe moves domicile from Singapore to India in run-up to IPO plans

    The Walmart-owned company said that the process was completed in three steps, following which all PhonePe Group businesses and entities are now wholly owned by and consolidated under PhonePe Pvt Ltd (India).

  • Deep Dive into the Merchant Digitisation Journey Sep 28, 2022 07:57 PM IST

    Deep Dive into the Merchant Digitisation Journey

    Catch Karthik Raghupathy, Head of Strategy and Investor Relations, PhonePe in conversation with Vivek Lohcheb, Vice President, Offline Business Development, PhonePe, as they Deep Dive Into The Merchant Digitisation Journey

  • Deep Dive into the Merchant Digitisation Journey Sep 28, 2022 07:25 PM IST

    Deep Dive into the Merchant Digitisation Journey

    Catch Karthik Raghupathy, Head of Strategy and Investor Relations, PhonePe in conversation with Vivek Lohcheb, Vice President, Offline Business Development, PhonePe, as they Deep Dive Into The Merchant Digitisation Journey

  • Global Fintech Fest: Founders get a starry reception, regulators talk business Sep 26, 2022 09:53 AM IST

    Global Fintech Fest: Founders get a starry reception, regulators talk business

    Global Fintech Fest held in Mumbai last week gave fintechs the much-needed adrenaline shot as they battle slowdown and regulatory squeeze and provided a platform to showcase why their growth is crucial to change India’s financial landscape.

  • Moneycontrol Selects: Top stories this evening Sep 22, 2022 07:11 PM IST

    Moneycontrol Selects: Top stories this evening

    Our specially curated package of the most interesting articles to help you stay at the top of your game

  • PhonePe CEO Sameer Nigam makes renewed pitch for MDR, warns there is no path to recovery otherwise Sep 22, 2022 05:37 PM IST

    PhonePe CEO Sameer Nigam makes renewed pitch for MDR, warns there is no path to recovery otherwise

    Nigam pointed out that when payment modes are made free of cost there is an underlying assumption that companies involved in these businesses will have alternate sources of revenue. However, that may be possible for banks, but not startups, he added.

  • The Changing Landscape Of Financial Services In India Sep 09, 2022 07:35 PM IST

    The Changing Landscape Of Financial Services In India

    Catch Karthik Raghupathy, Head of Strategy and Investor Relations, PhonePe in conversation with Hemant Gala, VP- Payments & Financial Services, PhonePe, as they discuss The Changing Landscape Of Financial Services In India.

  • PhonePe says card tokenisation done for 80% active users, on track to meet RBI deadline Sep 08, 2022 06:14 PM IST

    PhonePe says card tokenisation done for 80% active users, on track to meet RBI deadline

    PhonePe said it started processing token-based transactions as early as April 2022, and currently processes almost all eligible transactions through tokens.

  • We are looking to address issue of UPI concentration with two players: RBI deputy governor Sep 07, 2022 02:56 PM IST

    We are looking to address issue of UPI concentration with two players: RBI deputy governor

    While the National Payments Council of India had mandated a cap on onboarding of new users by UPI players with more than 30 percent market share, that has not been implemented yet.

  • Exclusive: PhonePe begins work to launch its own payment gateway Sep 05, 2022 08:43 AM IST

    Exclusive: PhonePe begins work to launch its own payment gateway

    The company may target large offline players to offer its payment gateway services. Besides, the foray will also enable in-app purchases for PhonePe, reducing its dependence on external payment gateways.

  • Blame game on UPI charges: Payments council chief claims banks take away most of the govt incentive Aug 22, 2022 11:17 AM IST

    Blame game on UPI charges: Payments council chief claims banks take away most of the govt incentive

    Vishwas Patel, who is also the executive director of omnichannel payments provider Infibeam Avenues, was responding to the Finance Ministry's tweet which said that there is no consideration to levy any charges on UPI transactions.

  • Razorpay makes offline foray, acquires PoS player Ezetap Aug 16, 2022 02:31 PM IST

    Razorpay makes offline foray, acquires PoS player Ezetap

    In its fifth acquisition in less than four years, Razorpay picks up an 80 percent stake in Ezetap Solutions Pte Ltd, the parent entity of Ezetap Solutions Pvt Ltd, which will see it go up against Pine Labs, MSwipe and BharatPe among others

  • WhatsApp UPI volumes drop 73% in July as cashback fervour fades away Aug 09, 2022 02:25 PM IST

    WhatsApp UPI volumes drop 73% in July as cashback fervour fades away

    In June, WhatsApp had registered a six-fold jump in transactions at 23.04 million as against 3.48 million in recorded May, after it introduced a cashback offer to attract users

  • Paytm's revenue may see a Rs 400 crore hit if rentals for all Soundbox devices brought to zero: Macquarie Aug 04, 2022 02:39 PM IST

    Paytm's revenue may see a Rs 400 crore hit if rentals for all Soundbox devices brought to zero: Macquarie

    The report comes a day after Moneycontrol reported that Paytm's Soundbox, which announces receipt of payments for shopkeepers, is seeing tough competition from rival PhonePe.

  • Paytm vs PhonePe: Merchant sound device may be at heart of feud Aug 03, 2022 07:28 AM IST

    Paytm vs PhonePe: Merchant sound device may be at heart of feud

    Fintech unicorns have discovered that the offline merchant has to be first won over with a speaker that announces the payment has been received

  • Account Aggregator ecosystem gets a boost as all PSU banks go live Aug 02, 2022 08:37 PM IST

    Account Aggregator ecosystem gets a boost as all PSU banks go live

    The participation of major PSU banks is key to the success of AA’s framework as it will open a window for a huge pool of the banks’ customers to use the framework and allow easy access to financial services

  • PhonePe alleges mass burning of QR codes by Paytm employees, approaches police authorities Aug 01, 2022 05:53 PM IST

    PhonePe alleges mass burning of QR codes by Paytm employees, approaches police authorities

    A Paytm spokesperson said that the employees involved in the burning of the QR codes have been suspended by the company, pending investigation.

  • PhonePe acquires Indus OS, says amicable settlement reached with Affle Global Jul 29, 2022 12:15 PM IST

    PhonePe acquires Indus OS, says amicable settlement reached with Affle Global

    The closure of the deal comes after a long-winding legal wrangle between PhonePe and IndusOS shareholders Affle and Ventureast Fund on the valuation of IndusOS.

  • PhonePe to move headquarters from Singapore to India Jul 20, 2022 10:27 PM IST

    PhonePe to move headquarters from Singapore to India

    Flipkart, the largest shareholder of the firm, will continue to remain headquartered in Singapore and there is no decision to shift its base.

  • Wary of Phone Pe and Google Pay's duopoly in UPI market, MPs plan to raise issue in Parliament Jul 11, 2022 08:34 AM IST

    Wary of Phone Pe and Google Pay's duopoly in UPI market, MPs plan to raise issue in Parliament

    Adding PayTM, the share of the top-three players rose even further to 96 per cent.

  • WhatsApp sees six-fold jump in UPI transactions in June driven by newly introduced cashbacks Jul 07, 2022 05:40 PM IST

    WhatsApp sees six-fold jump in UPI transactions in June driven by newly introduced cashbacks

    The Meta-owned company still has a minuscule share in overall UPI payments and makes up only 0.39 percent of transactions in the month

  • Pine Labs-owned Setu gets RBI's in-principal approval to operate as account aggregator Jul 07, 2022 10:19 AM IST

    Pine Labs-owned Setu gets RBI's in-principal approval to operate as account aggregator

    The in-principal nod for the Account Aggregator license was received through Setu's subsidiary Agya Technologies.

  • PhonePe's FY21 loss little changed even as revenues soar 85% Jun 24, 2022 08:18 PM IST

    PhonePe's FY21 loss little changed even as revenues soar 85%

    PhonePe reported a consolidated net loss of Rs 1,728 crore for FY21, against a consolidated loss of Rs 1,771 crore a year earlier.

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