Walmart plans to deploy $1.2 bn for funding Flipkart's operations

Om Athavale

US-based Walmart Inc. is planning to deploy cash and cash equivalents worth $1.2 billion (Rs 8,337 crore at current exchange rate) ....

13 June, 2019

Paytm aims for QR code adoption in small towns with $36 mn spend this year

Kavya Kothiyal

Digital payments unicorn Paytm said it will invest Rs 250 crore (around $36 million at current exchange rate) for the expansion ....

12 June, 2019
ADVERTISEMENT

Walmart mulls deploying PhonePe tech in markets like US, Mexico

Payal Ganguly

Walmart, which owns 77% stake in Flipkart, will look at leveraging the homegrown e-commerce platform’s payments arm PhonePe ....

12 June, 2019

Google Pay, Amazon Pay among 48 fintech players not compliant with data-protection law: Survey

Payal Ganguly

All 48 fintech entities surveyed including BHIM, Google Pay, PhonePe, Amazon Pay, and MobiKwik, were found not fully compliant ....

11 June, 2019

Paytm clocks over $50 bn across 5.5 bn transactions for 2018-19

Binu Paul

Digital payments unicorn Paytm has achieved gross transaction value (GTV) of over $50 billion from 5.5 billion transactions in ....

6 June, 2019

UPI transaction volume drops in May but total value climbs

Payal Ganguly

The number of transactions based on the Unified Payment Interface (UPI) declined for the second month in a row but the value of ....

3 June, 2019
ADVERTISEMENT

PhonePe seeks $1 bn from Tencent, Tiger Global; Lenskart may enter unicorn club: Reports

Binu Paul

PhonePe, the digital payments arm of Walmart-owned e-commerce giant Flipkart, is in discussions with leading global investors ....

27 May, 2019

Walmart reports significant decline in February-April operating profit on Flipkart inclusion

Payal Ganguly

US-based retail giant Walmart Inc. said it clocked a significant decline in global operating profit for the February-April quarter ....

17 May, 2019

Amazon Pay diversifies UPI offerings by foraying into P2P transactions

Kavya Kothiyal

Amazon Pay India Pvt. Ltd, the local digital payments arm of global e-commerce major Amazon Inc, on Monday announced the launch ....

29 April, 2019

Retail payments body reduces charges on small UPI transactions

Payal Ganguly

Retail payments body National Payments Corporation of India has reduced charges on transactions up to Rs 1,000 on state-backed ....

2 April, 2019
ADVERTISEMENT

Pine Labs ties up with Google Pay for offline payments push

Payal Ganguly

Digital retail payments platform Pine Labs has tied up with Google Pay to enable payments on the Unified Payments Interface platform ....

27 March, 2019

Flipkart floats $60-100 mn fund to invest in early-stage startups

Joseph Rai

Homegrown e-commerce giant Flipkart, one of the storied companies built through venture capital funding till its acquisition by ....

27 March, 2019

PhonePe gets fresh infusion from parent as competition heats up

Vijayakumar Pitchiah

PhonePe, the digital payments arm of Walmart-owned e-commerce giant Flipkart, has received the first capital infusion of 2019 ....

22 March, 2019

BharatPe in talks to raise fresh capital from Sequoia: Report

Kavya Kothiyal

Payments firm BharatPe, which services offline retailers and businesses, is in talks to close $17 million (Rs 122 crore at current ....

21 February, 2019

Xiaomi launches payments service Mi Pay

Payal Ganguly

Device maker Xiaomi has entered the crowded digital payments space in the country by partnering with ICICI Bank and PayU India. ....

21 December, 2018

Flipkart-owned PhonePe launches wealth management arm

Vijayakumar Pitchiah

PhonePe, the payments and financial services arm of e-commerce major Flipkart, has launched a wealth management unit, said filings ....

20 December, 2018

Payments firm MobiKwik raises $3.38 mn in fresh funding

Vijayakumar Pitchiah

Digital payments firm One MobiKwik Systems Pvt. Ltd, which runs MobiKwik, has raised around Rs 24 crore ($3.38 million) in a fresh ....

18 December, 2018

Walmart to deploy Flipkart’s tech capabilities globally: Report

Shweta Sharma

American retail giant Walmart plans to deploy Flipkart’s technical expertise in shopping experiences globally, a report ....

10 December, 2018

Walmart 'disappointed' with Flipkart situation but trusts bench strength

Payal Ganguly

US retail giant Walmart Inc. said it was confident about the leadership strength at Indian e-commerce unit Flipkart despite the ....

16 November, 2018

Amazon Pay's FY18 India loss widens as costs jump four-fold

Dearton Thomas Hector

Amazon Pay (India) Pvt. Ltd, the local digital payments arm of global e-commerce major Amazon.com Inc., has seen its operating ....

31 October, 2018

PhonePe lost nearly Rs 19 for every rupee in revenues for FY18

Vijayakumar Pitchiah

PhonePe Pvt. Ltd, the in-house payments arm of e-commerce major Flipkart, registered a 14-fold rise in revenues and incurred significant ....

30 October, 2018