Phonepe

Saturday, Apr 20, 2024 | Last Update : 08:19 AM IST

PhonePe gets IRDAI license to serve as direct insurance broker

Last year, PhonePe entered insurtech sector with a limited insurance 'corporate agent' license

30 Aug 2021 1:24 PM

KhaaliJeb is currently offering one month’s free membership if you refer a friend. You can also purchase a three-month membership of their discount programme at an offer price of Rs 49. Seen here, the KhaaliJeb team which includes Rahul Kumar, Pratham Devang, Sudhanshu Gaur, Sumit Sinha, Vishal Kumar, Wilson Birua, Aman Verma, and Prakash Kumar. (Photo | KhaaliJeb)

Almost broke? Get thrifty or get aboard KhaaliJeb's youth-focused discount programme

Payments app KhaaliJeb’s ‘Verify by KhaaliJeb’ helps businesses identify genuine student customers and run discount campaigns for them.

22 Aug 2020 8:02 PM

PhonePe seeks to give users a simple, frictionless and secure platform to invest in insurance and mutual funds, the company said.

PhonePe seeks to increase user base with new insurance and mutual funds products

The Flipkart company hopes to become India’s most comprehensive financial services platform.

17 Aug 2020 7:53 PM

Fresh capital will help Flipkart further grow its e-commerce marketplace in India as the world's second-largest internet market begins to recover from the COVID-19 crisis, Flipkart said. (Photo | Facebook - Flipkart)

Walmart infuses Flipkart with Rs 9,000 crore funding to stay ahead as JioMart makes strides

The fresh equity round values Flipkart, where Walmart acquired a majority stake for USD 16 billion two years ago, at USD 24.9 billion.

14 Jul 2020 7:33 PM

WhatsApp has about 400 million users in India. It has been testing its payments service in India - based on UPI - with about a million users. (Representative Image)

Soon expected to launch in India, WhatsApp payments become available in Brazil

Stalled by regulatory hurdles, plans are afoot to integrate WhatsApp services with JioMart to take on rivals Paytm, PhonePe and Google Pay.

16 Jun 2020 5:11 PM

Among payment modes (during lockdown), UPI made the highest contribution of 43 per cent, followed by debit and credit cards with 39 per cent and netbanking with 10 per cent.

In 30 days of lockdown, online payments dropped by 30 per cent, says Razorpay

This is due to drop in transactions in travel, logistics and real estate, but adoption of digital payments has grown in tier II, III cities.

24 Apr 2020 7:50 PM

The PhonePe keyboard integrates seamless money transfers while offering the full functionality of a keyboard.

PhonePe launches first-of-its-kind keyboard for users

The user-friendly innovation makes transactions extremely simple.

30 Apr 2019 12:00 PM

"As of today we have total payments value (gross transaction value) run-rate of USD 70 billion on annual basis," said PhonePe vice-president for strategy and business development Karthik Raghupathy.

PhonePe crosses 2 billion transaction mark

PhonePe has achieved annual run-rate of USD 70 billion on transactions from its platform.

15 Apr 2019 6:33 PM

Partner merchants will be able to accept payments from customers using multiple payment methods including PhonePe wallet.

Payswiff partners PhonePe for merchant payments

PhonePe will be available as a payment option on Payswiff’s POS/mPOS terminals across the merchant base.

05 Apr 2019 11:14 AM

Bhim started losing its market share in July 2017 as it dropped from over 45 per cent to around 40 per cent in a month's time.

Bhim may arrest slide in market share

In February 2017, Bhim app had close to 50 per cent market share of the UPI transactions.

27 Mar 2019 1:21 AM

WhatsApp ready with system to comply with RBI’s norms

In April, the Reserve Bank of India (RBI) came out with a circular regarding data localisation policy for payment system providers.

10 Oct 2018 12:35 AM

Foodpanda on Tuesday announced its partnership with PhonePe to enable seamless digital payments for all its users.

Foodpanda, PhonePe partner to strengthen digital payment portfolio

Through the partnership, consumers will be able to choose from several payment options.

24 Apr 2018 4:25 PM

Amazon has invested Rs 260 crore into its payments arm Amazon Pay. (Photo: AFP)

Amazon invests Rs 260 crore into payments arm as e-commerce battle rages

The infusion to Amazon Pay comes days after Amazon increased the authorised capital for its payments arm to Rs 2,000 crore.

20 Oct 2017 1:47 PM

Flipkart did not specify the time period over which the funds will be infused.

Flipkart commits $500 mn investment in payments arm PhonePe

Commitment is in addition to USD 75 million infused by Flipkart in PhonePe since the acquisition in 2015.

12 Oct 2017 1:24 PM

Paytm chief executive Vijay Shekhar Sharma.

Paytm to raise Rs 12K crore to become a $9 billion firm

Fresh round of fund raising by Paytm is seen as single largest funding in India's digital commerce segment.

28 Apr 2017 11:08 AM

Flipkart will be looking forward to invest 'heavily' in other new businesses like grocery, furniture and private labels.

Flipkart to invest in businesses like PhonePe

Flipkart Co Founder and CEO believes that opportunities are definitely there on the payment side becoming a business on its own.

12 Apr 2017 2:09 PM

Flipkart Founders Sachin Bansal (L) and Binny Bansal (R).

Flipkart to invest fresh funds on business like PhonePe

Flipkart co-founder and CEO Binny Bansal says there was a huge opportunity in online money transfer segment.

12 Apr 2017 11:11 AM

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Shobhaa De

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