September 11, 2019 04:26 PM IST Mounting losses and expansion into several business areas could derail India’s first profit-making payments bank. For mobile wallet Paytm, banking could be its best pathway to an IPO
September 05, 2019 08:03 PM IST In terms of volume, UPI-based transactions increased to 5,353 million in 2018-19 from 915.2 million, a jump of 83 percent in a year, according to the data.
August 08, 2019 01:10 PM IST Google Pay, PhonePe clock 300 mn transactions each in July, get 35 per cent market share each; one-time leader Paytm lags at 16 per cent
August 05, 2019 12:30 PM IST The e-commerce company is eyeing a valuation of $8-12 billion
July 11, 2019 03:04 PM IST PhonePe was recently authorised by Flipkart’s board to become a separate entity
July 10, 2019 06:25 PM IST Although the digital revolution is fairly recent in India, it has seen exponential growth due to a favourable regulatory environment, deeper smartphone penetration and growing internet access.
May 27, 2019 03:40 PM IST The investment talks come shortly after the board of Flipkart approved a move to make PhonePe a separate entity
May 07, 2019 02:24 PM IST WhatsApp’s reach and acceptability in India are fine, but regulatory hurdles can make life hard for the Facebook firm
May 03, 2019 05:58 PM IST RBI also slapped monetary penalties on Western Union and MoneyGram
April 09, 2019 06:55 PM IST Speaking to Moneycontrol, Ankit Gaur, director, online business, PhonePe, said: "It is early days of IPL and we have already started seeing growth in transactions."
April 04, 2019 06:15 PM IST The Reserve Bank of India proposes to put in place a framework on turnaround time for the resolution of customer complaints and compensation framework across all authorised payment systems by the end of June 2019.
March 27, 2019 03:09 PM IST PhonePe has recently received an in-principle nod to be hived off.
November 27, 2018 06:10 PM IST As an introductory offer, users will receive 15 percent cashback upto Rs 100 on their first transaction.
November 21, 2018 04:24 PM IST PhonePe has seen rapid acceptance across India including in its tier 2 and tier 3 cities.
September 12, 2018 09:46 PM IST Such a mandate would also protect payment data of Indian users from being used to "sharpen user targeting engines" of companies like Google and Facebook who also offer products like search, maps and social media, PhonePe alleged in its blog.
July 16, 2018 06:09 PM IST In its fourth investment in two years, Amazon has pumped in Rs 230 crore or $34 million into its Indian digital payments arm
July 16, 2018 05:45 PM IST As a part of the acquisition, Neeraj Jain, founder and CEO of Zopper will join the PhonePe team as Head of Product, offline merchant solutions.
June 20, 2018 08:33 PM IST PhonePe has managed to establish itself as a 360 degree payments service provider, instead of restricting itself to being a payments facilitator for Flipkart.
June 15, 2018 08:48 AM IST PhonePe has also added 'Auto-pay' feature that allows users to make payments seamlessly.
May 17, 2018 05:08 PM IST Last month, RBI released guidelines asking all payment system operators to ensure that data is stored only within the country, and comply with the order by October 15, 2018.
March 22, 2018 02:48 PM IST Consumers can choose from various payment options such as PhonePe wallet, unified payment interface (UPI)... and pay for their food orders seamlessly within the Swiggy app, the companies said in a joint statement.
January 19, 2018 03:56 PM IST The company is currently in talks with several businesses with high-frequency transactions in sectors such as food delivery, ticketing, entertainment for exclusive partnerships over the next six months.
October 12, 2017 01:35 PM IST This investment adds to the USD 75 million funds infusion Flipkart made in PhonePe since acquiring it in 2015
April 12, 2017 10:32 AM IST "A large part of the money raised from the latest deals struck with Tencent, Microsoft and eBay, will be invested in new businesses, especially PhonePe and fintech," Flipkart Co-Founder and CEO Binny Bansal said.
April 05, 2017 03:02 PM IST Transactions done through the Unified Payments Interface (UPI) have seen a massive jump, in what would be a boost to Prime Minister Narendra Modi’s push towards digital payment.
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