More Stories on PhonePe
Founder and CEO Sameer Nigam, and Karthik Raghupathy, VP of Strategy, Business Development

PhonePe launches interactive geospatial site ‘Pulse’ 

Sep 02, 2021

The insights of the website have been drawn from PhonePe’s transaction data as well as from merchant and customer interviews

The company has about 20 million merchants on the platform and 16 million of them are from tier-II towns and beyond

Processing about 1.5 bn transactions a month, says PhonePe

Aug 26, 2021

PhonePe founder and Chief Executive Officer Sameer Nigam said an increasing number of customers in the country are embracing digital financial services

Following the fresh investment tranche, PhonePe has pocketed over $1.6 billion in total funding

PhonePe concludes $700 mn fundraise round; Tencent, Tiger Global new stakeholders

Aug 18, 2021

Walmart led fresh tranche with $281.5 million, whereas Tencent pumped in $50 million, and Tiger Global put in $16.5 million, PhonePe's regulatory filings in Singapore reveal

 Paytm had recently rolled out its field executive programme, with the objective to provide jobs to undergraduates

Ahead of IPO, Paytm to recruit over 20,000 field sales executives

Jul 28, 2021

The new hires will be able to earn around Rs 35,000 per month and will be tasked to promote Paytm's entire portfolio including POS machines, Paytm Soundbox, QR codes as well as the company's other product offerings

Indian entrepreneurs have held two video conferences this week to strategise for a potential showdown (Photo credit: Flickr)

Paytm, other Indian start-ups vow to fight 'big daddy' Google's clout

Oct 03, 2020

Although Google has worked closely with India's booming start-up sector and is ramping up its investments, it has recently angered many tech companies with what they say are unfair practices

PhonePe locks horns with Affle and Ventureast

PhonePe's acquisition of Indus OS in legal hurdle with investors Affle, Ventureast

May 24, 2021

PhonePe said that they believe that Affle and Ventureast have colluded to act in bad faith and violate the legal provisions of the term sheet, which they were both signatories to. It said that they have filed a lawsuit to protect its legal interests

The RBI had first issued guidelines for the adoption of interoperability on a voluntary basis for full-KYC PPIs in October 2018

Paytm, PhonePe, Google Pay, other mobile wallets to be interoperable from April 2022

May 20, 2021

Beginning April 2022, a mobile wallet user, who is fully vetted and has fulfilled all KYC norms, will be able to send and receive money from various mobile wallets

Flipkart, PhonePe continue to experience strong growth in Q1: Walmart

May 19, 2021

In India, for the first quarter, Flipkart and PhonePe continue to experience strong growth, said Walmart President and CEO Doug McMillan

Walmart, Flipkart and PhonePe lend helping hand in COVID-19 fight

COVID-19 crisis: Walmart, Flipkart, PhonePe collaborate to procure oxygen, equipment for donation

Apr 30, 2021

The company will donate up to 20 oxygen-generating plants and 20 cryogenic containers for oxygen storage and transportation. It will also donate more than 3,000 oxygen concentrators and 500 oxygen cylinders for delivery of oxygen assistance to patients at homes or hospitals

The payments space in India is tangled in various knots and there are many teething issues that will arise in the future

India's e-payments space: A dawn or down of retail in India?

Apr 16, 2021

With the government unwilling to foot the bill on digital transactions and no viable business model for banks, there are no incentives for banks to maintain the UPI infrastructure

CEO Kalyan Krishnamurthy says the deal will help Flipkart transform customer experiences through digital commerce

Flipkart buys 100% stake in Cleartrip; to solidify position in travel booking

Apr 15, 2021

Cleartrip is latest addition to list of acquisitions by Walmart-owned Indian e-commerce major in various sectors. Acquisition of Cleartrip enhances Flipkart group's position in India, which already has Myntra, PhonePe, eBay, Ekart, Jeeves, Jabong and Flipkart Wholesale as its subsidiaries