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Apr 15, 2021 08:35 AM ISTPhonePe’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.”
Mar 22, 2021 03:13 PM IST 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.
Mar 09, 2021 05:33 PM IST 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.
Mar 02, 2021 07:09 PM IST 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.
Feb 12, 2021 12:26 PM IST Ashneer Grover thinks BharatPe has achieved a lot but has a long way to go, the unicorn tag can be a distraction.
Feb 11, 2021 10:58 AM IST PhonePe is the largest digital payments platforms in India with 265 million registered users.
Feb 05, 2021 08:36 AM IST 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.
Jan 19, 2021 09:32 AM IST 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.
Jan 02, 2021 02:51 PM IST Payment gateways and fintech companies also acknowledged a 55-75 percent increase in mobile recharge transactions.
Dec 31, 2020 02:10 PM IST 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.
Dec 22, 2020 04:55 PM IST 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.
Dec 11, 2020 10:49 AM IST Since the end of February, PhonePe has recruited 500 people across multiple roles amid the pandemic, raising its employee strength to 2,200.
Dec 08, 2020 03:38 PM IST 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.
Dec 08, 2020 11:57 AM IST UPI transactions worth Rs 1,65,654.71 crore were made through Google Pay in October.
Dec 07, 2020 10:36 PM IST 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.
Nov 17, 2020 10:21 PM IST 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.
Nov 06, 2020 08:37 AM IST 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.
Nov 02, 2020 01:55 PM IST The company reported over 100 million monthly active users (MAU) and 2.3 billion app sessions in October, a statement said.
Oct 31, 2020 11:18 AM IST RBI's new restriction on proprietary is a big push towards making India a cashless economy.
Aug 31, 2020 10:28 PM IST 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.
Aug 24, 2020 02:14 PM IST 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.
Aug 20, 2020 11:30 PM IST Amazon Pay has tied up with SafeGold, the retail brand of Digitial Gold India Pvt, to launch this service for users
Aug 10, 2020 12:27 PM IST PhonePe customers will get to access Park+ through PhonePe's Switch feature.
Aug 10, 2020 10:34 AM IST The payment apps are likely to come out with the recurring payments offer within a month, sources have said.
Jul 13, 2020 03:41 PM IST The companies are looking to make the most of preference for contactless services as restaurants gradually resume dining-in services.
