PhonePe: News
02 Jan 2024
TataTata Pay gets payment aggregator license: Why it is significant
The Tata Group's digital payments app, Tata Payments, has been granted a payment aggregator (PA) license by the Reserve Bank of India (RBI), reports the Economic Times (ET).
02 Jan 2024
Google Play (Google Play Store)PhonePe-backed Indus Appstore's CEO Rakesh Deshmukh steps down: What's next
Rakesh Deshmukh, co-founder of the PhonePe-owned Indus Appstore, has stepped down as CEO after leading the company for a decade.
31 Dec 2023
Initial Public Offering (IPO)IPOs in 2024: Ola Electric, PhonePe, Swiggy, FirstCry and others
Despite a sluggish start, the number of public issues on Dalal Street saw an uptick in 2023. A total of 57 public issues were launched, raising Rs. 49,437 crore.
30 Dec 2023
National Payments Corporation of IndiaInactive UPI accounts to be deactivated from January 1
Starting January 1, UPI accounts that haven't been used for a year or more will be deactivated, according to a circular from the National Payments Corporation of India (NPCI).
29 Dec 2023
Unified Payments Interface (UPI)NPCI to disable inactive UPI IDs by December 31
The National Payments Corporation of India (NPCI) has mandated that payment apps disable UPI IDs that have been inactive for over a year by December 31, 2023.
07 Dec 2023
InsurancePhonePe now offers ACKO's car and bike insurance policies
ACKO General Insurance and PhonePe have joined forces to offer comprehensive car and bike insurance products directly to users via the PhonePe platform.
18 Oct 2023
BusinessPhonePe's FY23 revenue surges 77% to Rs. 2,914 crore
PhonePe has seen a whopping 77% surge in its consolidated revenue for FY23, hitting Rs. 2,914 crore, compared to Rs. 1,646 crore in FY22.
23 Sep 2023
WalmartPhonePe's Indus Appstore might launch today; to challenge Google, Apple
Walmart-owned fintech company PhonePe is set to launch its own mobile app store, Indus Appstore, aiming to challenge the dominance of Google and Apple in mobile app distribution.
04 Sep 2023
BusinessAmitabh Bachchan's voice to authenticate payments on PhonePe SmartSpeakers
PhonePe, the Indian digital payment platform, has teamed up with Bollywood icon Amitabh Bachchan to introduce a unique celebrity voice feature for its SmartSpeakers.
02 Sep 2023
WalmartWalmart invests $3.5 billion in Flipkart, stake rises to 80%
Walmart has invested $3.5 billion in the first half of 2023 to acquire shares from several non-controlling Flipkart stakeholders and settle liabilities with some PhonePe shareholders, it said in a Securities and Exchange Commission (SEC) filing.
30 Aug 2023
Stock MarketPhonePe forays into stock broking business, launches Share.Market app
PhonePe, a Walmart-backed payment app, has launched Share.Market. The new platform allows users to open trading accounts and invest in mutual funds, stocks, and exchange-traded funds (ETFs).
07 Aug 2023
Unified Payments Interface (UPI)UPI innovation rolled out to make online transactions faster
A new UPI plugin innovation has PhonePe/Google Pay on edge.
25 Jul 2023
Unified Payments Interface (UPI)How to pay income tax using PhonePe
PhonePe has introduced a new feature that allows you to pay income tax conveniently from within its mobile app itself.
14 Jul 2023
FlipkartFlipkart starts crediting $700 million one-time payout to employees
It is Big 'Million' Day at Flipkart. Not for the customers but for employees.
04 Jul 2023
FlipkartFlipkart enters personal loan business; offering Rs. 5 lakh credit
E-commerce giant Flipkart's interest in finance has been growing steadily as it has now ventured into personal loans.
23 May 2023
Google Pay (Gpay)Google Pay launches RuPay credit card-based UPI to rival PhonePe
PhonePe and Google Pay are the two dominant forces in India's UPI space. While the former has been making moves to enhance its superiority, Google has been awfully quiet over the past few months.
03 May 2023
PaytmPhonePe launches UPI Lite for smaller transactions: How to use
Two months after Paytm launched UPI (Unified Payments Interface) Lite, rival PhonePe has made the feature available on its platform.
24 Apr 2023
GooglePhonePe's localized app store to challenge Google's dominance: Here's how
Walmart-backed PhonePe is India's leading UPI payments app. In the UPI space, it battles with Google Pay, which is the second-most popular UPI app in the country.
04 Apr 2023
FlipkartWalmart-backed PhonePe launches Pincode app in e-commerce push
PhonePe, India's leading UPI payment app, is making an e-commerce push. The Walmart-backed company has launched a hyperlocal, consumer-facing app dubbed Pincode.
29 Mar 2023
Unified Payments Interface (UPI)Interchange fee on UPI: How this will affect you
A new National Payments Corporation of India (NPCI) announcement has UPI users running in confusion.
06 Jul 2022
CybersecurityIndian start-ups that are hiring despite layoff season
Winter has arrived early for India's start-ups. Lack of funding has forced the country's start-ups to layoff over 11,000 people so far.
13 Jun 2022
WhatsAppNew WhatsApp features: Increased group limit to WhatsApp Pay cashback
To ensure its competitive edge in the market, the popular instant messaging platform WhatsApp has announced several new features.
18 May 2022
WalmartRivaling Amazon, Walmart-backed PhonePe to buy two wealth management firms
Walmart-owned payments platform PhonePe is set to acquire two investment technology firms WelathDesk and OpenQ for a combined value of $75 million.
24 Oct 2021
FlipkartYou may pay extra for mobile recharges on PhonePe
The next time you recharge your mobile phone using PhonePe, you might be charged an additional fee.
16 Mar 2021
WhatsAppPhonePe emerges as India's leading UPI app
Walmart-owned UPI app PhonePe processed 975.53 million transactions amounting to Rs. 1,89,517 crore in February alone. This makes it the country's most popular UPI app, with Google Pay coming in at second place, and Paytm a distant third.
20 Jan 2021
PaytmPhonePe beats Google Pay, becomes top UPI app
According to the data recently released by National Payments Corporation of India (NPCI), the Walmart-backed Unified Payments Interface (UPI) app PhonePe has topped the charts for December. The parameters include transaction volume as well as total value of the transactions for the month.
11 Apr 2020
iOSRecharge someone's phone, make money using JioPOS Lite app
In the wake of India's nationwide lockdown, businesses carrying out mobile recharges have come to a complete halt.
13 Dec 2019
PaytmPaytm raises another $669.5 million from existing investors
Just a couple of weeks after raising a whopping $1 billion, One97 Communications, the parent of digital payments giant Paytm, has raised $669.5 million (roughly Rs. 4,724 crore) in another round of funding.
11 Dec 2019
FlipkartDigital payments giant PhonePe raises $82.5 million: Details here
PhonePe, a Flipkart-owned company that offers a payment platform to transfer money instantly, has raised $82.5 million in funding.
24 Mar 2019
IndiaSoon, Google Pay will let you invest in 24k gold
In a major development, Google Pay, the UPI-based payments platform from Google, will soon let you invest in 99.99% pure 24 karat gold.
27 Dec 2018
IndiaStep-by-step guide to delink your Aadhaar from mobile-number, and e-wallets
After the September 26 Supreme Court judgement on Aadhaar authentication, entities like banks, telecom operators, and e-wallet services providers can no longer ask you to provide your Aadhaar information.
11 Oct 2018
PayPalSoon, Mumbai Metro commuters can recharge smart cards via PayPal
Reliance Infrastructure's Mumbai Metro has partnered with PayPal, one of the biggest platforms in the world for global online payments.
07 Sep 2018
IndiaHow to avail discounts, cashbacks on online train ticket bookings
In what comes as good news to Indian Railways passengers, various online e-wallet service providers like Paytm and PhonePe are offering attractive discounts and cashback offers for booking railway tickets online, this festive season.
31 Jul 2018
WhatsApp8 helpful smartphone apps you should teach your parents about
Smartphones have made our lives extremely easy thanks to a number of apps that enable us to do almost everything with a few taps.
17 Apr 2018
IndiaWhatsApp Pay beta-rolls out Request Money feature on Android
WhatsApp recently beta-launched its UPI-based digital payments feature WhatsApp Pay in India that allows users to send and receive money through the chat app.
28 Feb 2018
IndiaIndia's first Aadhaar Pay-enabled payment terminal launched
Bengaluru-based payment services company Ezetap has launched India's first open-platform, smart GPRS payment terminal which is enabled with Aadhaar Pay.
21 Feb 2018
FlipkartHow Flipkart-owned PhonePe aims to reinvent UPI
Propelled by demonetization, cashless transactions saw a rise with Unified Payment Interface (UPI) trying to usher users towards a cashless economy.
30 Jan 2018
Paytm200 Paytm employees including office boy become millionaires after stock-sale
About 200 former and current Paytm employees have become millionaires after selling their stocks in the company worth Rs. 500cr.
09 Sep 2017
State Bank of India (SBI)NEFT, RTGS, UPI: Here's everything to know about online transfers
With the government's increasing focus on Digital India, it has gradually attempted to create a cashless economy. Interfaces like UPI are a product of changing times.
24 Jul 2017
State Bank of India (SBI)IMPS, NEFT, RTGS, UPI: Everything to know about online transfers
With the government's increasing focus on Digital India, it has gradually attempted to create a cashless economy. Interfaces like UPI are a product of changing times.
