Phonepe
In a move aimed at cracking open the next frontier of digital payments, PhonePe has acquired the intellectual property rights to GSPay — a UPI-powered payment tech stack developed by conversational tech firm Gupshup. Designed specifically...
PhonePe’s hyperlocal commerce app, Pincode, has stepped into the healthcare space in a big way, rolling out a round-the-clock medicine delivery service in three major cities — Bengaluru, Mumbai, and Pune.What sets this apart? For one,...
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Xiaomi Ditches GetApps, Partners with PhonePe’s Indus Appstore for a Made-in-India Experience
Xiaomi India has made a bold move by replacing its default app store, GetApps, with PhonePe’s Indus Appstore. As part of a multi-year agreement...
PhonePe Gears Up for Blockbuster IPO: Walmart-Backed Fintech Giant Eyes Multi-Billion Dollar Valuation After ₹5,000 Crore Revenue Surge
PhonePe, one of India’s leading fintech companies, has officially started laying the groundwork for its much-anticipated initial public offering (IPO). The company plans to...
PhonePe Dives Into Quick Commerce: Can Pincode Compete with Blinkit and Zomato?
PhonePe, the Walmart-backed payment giant, is diving into the quick commerce sector with its e-commerce platform, Pincode, as per a recent report. This marks...
UPI Wars: PhonePe Rockets Past $140 Billion, Leaving Google Pay & Paytm in the Dust
PhonePe has firmly cemented its position at the top of India’s digital payments landscape, recording an impressive 798.4 crore UPI transactions in December 2024,...
PhonePe’s Pincode pilots 20-minute quick delivery service, challenges Zepto, Blinkit
PhonePe's Pincode has entered the quick commerce space, piloting a quick delivery service in parts of Bengaluru, Delhi NCR, Mumbai, Pune, Hyderabad, and Varanasi....
EaseMyTrip signs exclusive deal with PhonePe for hotel listings
Following the sale of half of his stake for INR 920 crore by cofounder and CEO Nishant Pitti, online travel aggregator Easemytrip has announced...
UPI transactions rise 3.6% month-on-month to 14.96 Bn in August
The Unified Payments Interface (UPI) transactions increased by 3.6% month-on-month, rising to 14.96 billion in August from 14.44 billion in July.The number of transactions...
Flipkart and PhonePe on track towards profitability: Walmart CFO
E-commerce major Flipkart ͏an͏͏d digital payments giant PhonePe ar͏e͏ ͏on͏ t͏h͏e ͏"pa͏͏t͏͏h ͏to profitability," ac͏co͏r͏ding t͏o David Rainey, th͏e ͏chie͏f financial off͏i͏c͏er ͏(CFO)͏ o͏f...
Flipkart mulls reverse flip to India as IPO looms on the horizon
Flipkart, a major player in e-commerce, is in talks to relocate its parent entity from Singapore to India, as reported by ET.Valued at around...
Uber steps up hyperlocal deliveries in India to capture growing quick-commerce market share
As the demand for quick commerce grows in India, ride-hailing platform Uber is intensifying its hyperlocal deliveries from neighborhood stores, according to sources familiar...
PhonePe’s Pincode streamlines e-commerce strategy, exits non-food categories on ONDC network
Walmart-backed PhonePe is revamping its ecommerce strategy on the Open Network for Digital Commerce (ONDC). It is discontinuing several categories such as fashion, grocery,...
Flipkart revamps increment policy: Pay hikes to roll out in two tranches
Flipkart, a prominent player in the e-commerce industry, has revised its approach to employee increments. This year, instead of the customary pay raises, eligible...