Mumbai/IBNS: Billdesk, Cred, PhonePe, and Infibeam Avenues are among the fintech companies that will be impacted by the latest regulation of the Reserve Bank of India (RBI) requiring credit card bill payments to be routed through the central bank's centralised billing network.
Fintech unicorns BharatPe Group and PhonePe resolve all legal disputes over trademark suffix 'Pe'
Mumbai: Fintech unicorns BharatPe Group and PhonePe Group have reached a mutually agreeable resolution for all long standing legal disputes in connection with the use of the trademark suffix 'Pe', the companies said in a joint statement, according to media reports.
Indian fintech firm Phone Pe begins its journey in Sri Lanka
Indian fintech major PhonePe on Wednesday it has enabled UPI payment acceptance in collaboration with LankaPay across LankaQR merchant points.
India to again delay caps on UPI payments market share, reports Reuters
Mumbai/IBNS: India will again delay caps on market share for a popular digital payments method, benefiting Google Pay and Walmart-backed PhonePe as the authorities prioritise growth over concerns about market concentration, Reuters reported quoting its sources.
NPCI may defer market cap restriction for UPI platforms for 2 yrs: Report
New Delhi: The National Payments Corporation of India (NPCI), responsible for managing the Unified Payments Interface (UPI), is likely to limit market share for digital payment platforms two years later, according to Reuters.
PhonePe users can now pay via NEOPAY terminals in UAE
Indian payment platform PhonePe App users travelling to the UAE can now make payments using UPI at Mashreq’s NEOPAY terminals, available across retail stores, dining outlets, as well as tourist and leisure attractions.
PhonePe enters stockbroking domain with Share.Market app
Bengaluru: Walmart-owned fintech company PhonePe on Wednesday announced its foray into the stock broking domain by introducing its app called "Share.Market". This app enables users to engage in trading and investments within stocks, mutual funds, and exchange-traded funds (ETFs), media reports said.
PhonePe launches platform for merchant lending
Hyderabad/UNI: PhonePe, India’s largest payments app, enabling digital inclusion for consumers and merchants alike, on Monday announced the launch of its Merchant lending platform allowing Banks and NBFC's (Non-Banking Financial Companies) to provide access to credit in a completely digital and seamless manner to its vast merchant base of over 35 million merchants.
Walmart's stake in fintech subsidiary PhonePe drops to 85%
Retail behemoth Walmart’s shareholding in fintech company PhonePe has dropped from 89 percent to 85 percent amid the latter’s fundraise of $1 billion, media reports said.
Fintech company ZestMoney to cut 20% workforce: Report
Bengaluru: ZestMoney, a buy now, pay later (BNPL) platform based in Bengaluru, is cutting 100 jobs, around 20% of its workforce, Business Standard reported.
PhonePe raises another $200 million in ongoing funding from largest shareholder Walmart
Bengaluru: Digital payments and financial services company PhonePe has raised an additional $200 million as part of its proposed $1 billion funding round from its largest shareholder, Walmart. The funding was secured at a pre-money valuation of $12 billion.
PhonePe raises $350 mn fund from General Atlantic
Bengaluru/IBNS: Fintech platform PhonePe on Thursday said it has raised $350 million in funding from General Atlantic, a leading global growth equity firm, at a pre-money valuation of $12 billion.
$1-billion tax imposed on retail giant Walmart for PhonePe relocation to India: Report
New Delhi: The Indian government has imposed a tax of $ 1 billion on Walmart and digital payments company PhonePe for shifting the latter’s base to India from Singapore, Bloomberg reported.
NPCI extends 30 pc UPI volume cap deadline for payment firms by 1 yr
New Delhi/IBNS: The National Payments Corporation of India (NPCI) has extended the deadline for Unified Payments Interface (UPI) players to comply with a market cap of 30 percent by two years to December 31, 2024.
PhonePe moves domicile to India from Singapore pre IPO
Bengaluru/IBNS: FinTech platform PhonePe on Thursday announced that it has completed the process of moving its domicile to India.