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
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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
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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

Flipkart kicks off talks to rope in new investors; PhonePe gets fresh infusion

Binu Paul

Flipkart, the country’s largest e-commerce company, is back on the road to raise fresh capital months after being acquired ....

1 October, 2018
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What's new as NPCI gives UPI an upgrade after two years

Payal Ganguly

The country’s umbrella body for digital payments on Thursday unveiled an upgraded version of its single-window mobile payment ....

16 August, 2018

Flipkart injects $66 mn more into payments arm PhonePe

Vijayakumar Pitchiah

PhonePe Pvt. Ltd, the in-house digital payments arm of e-commerce firm Flipkart, has received another $66 million (Rs 451.66 crore) ....

9 August, 2018

PhonePe claims it’s the new king of UPI transactions

Binu Paul

PhonePe, the digital payments arm of e-commerce major Flipkart, claimed on Wednesday that it had overtaken rivals Paytm and Google's ....

1 August, 2018

Amazon deposits more money into Indian digital payments arm

Vijayakumar Pitchiah

Amazon Pay (India) Pvt. Ltd, the local digital payments arm of the global e-commerce major, has received a fresh funding infusion ....

17 July, 2018

PhonePe seals acquisition of PoS platform Zopper Retail

Anand J

PhonePe, the digital payments arm of homegrown e-commerce major Flipkart, on Monday announced the acquisition of Zopper Retail, ....

16 July, 2018

After two pivots and a poke from Binny Bansal, Zopper is back in the game

Anand J

Russian billionaire Yuri Milner, whose investment firm DST Global has backed unicorns such as Ola, Swiggy and Flipkart, hosted ....

10 July, 2018

Exclusive: PhonePe all set to buy Zopper's PoS platform

Anand J & Dearton Thomas Hector

PhonePe, the digital payments arm of homegrown e-tailer Flipkart, is in advanced talks to acquire the Point of Sale software-as-a-service ....

6 July, 2018

PhonePe lost Rs 43 for each rupee in revenue for FY17

Dearton Thomas Hector

PhonePe Pvt. Ltd, the payments app owned by online retailer Flipkart, plunged deeper into the red for the financial year ended ....

6 June, 2018

Flipkart's PhonePe crosses 100 mn user mark, hits $20 bn in annualised transactions

Shweta Sharma

PhonePe Pvt. Ltd on Friday said it has crossed the 100 million user mark in just 21 months from launch, faster than any other ....

1 June, 2018

Exclusive: M-commerce app Goodbox exiting 'non-core' ops, slashes headcount

Anand J

Nexus Ventures-backed Goodbox, an app that offers small and medium-sized businesses an e-commerce platform, has turned its attention ....

24 May, 2018

NPCI to run pilot on proximity payments, ropes in 3 startups

Anirban Ghoshal

Digital payments supervising body National Payments Corporation of India (NPCI) is running a pilot project on proximity-based ....

20 April, 2018