PhonePe

PhonePe Private Limited, d/b/a PhonePe is an Indian e-commerce payment system and digital wallet company headquartered in Bangalore, India. It was founded in December 2015, by Sameer Nigam and Rahul Chari. PhonePe app went live in August 2016 and was the first payment app built on Unified Payments Interface.

(source: phonepe.com)

 In India, Digital Payments Firms, Digital Lenders Grab VC Dollars
 In India, Digital Payments Firms, Digital Lenders Grab VC Dollars
November 11, 2019  |  Fintech Investments

FinTech investment in India proceeds apace through the last few weeks of the year, with funding rounds extended to digital payments firms and digital lenders....

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Walmart Looks To Split PhonePe, Flipkart
Walmart Looks To Split PhonePe, Flipkart
October 11, 2019  |  Retail

Global retail giant Walmart has plans to spin off India’s PhonePe from Flipkart and create a separate entity, the Economic Times reported on Friday (Oct....

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PhonePe’s $7B Valuation Drives Walmart Shares To All-Time High
PhonePe’s $7B Valuation Drives Walmart Shares To All-Time High
September 06, 2019  |  Investments

The payment arm of Flipkart, PhonePe, has been valued at $7 billion by Morgan Stanley, according to reports. The news is good for Walmart, which...

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Rapyd Teams With OCBC Bank For RTP; DBS Debuts Mobile Service For SMBs
Rapyd Teams With OCBC Bank For RTP; DBS Debuts Mobile Service For SMBs
April 15, 2019  |  Global Payments

Welcome to The Axis, your late look at payments news from around the world. Coverage includes the tie-up of Rapyd and OCBC Bank for real-time payments...

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Flipkart Funds Paytm Rival In India
Flipkart Funds Paytm Rival In India
August 08, 2018  |  Investments

Flipkart, the India eCommerce player, has reportedly invested ₹452 crore ($66 million USD) into PhonePe, its payments unit. According to a report in DealStreetAsia, the...

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