Walmart-owned PhonePe widens FY19 losses; raises $57 mn via rights issue

Shashank Didmishe

Walmart-owned digital payments firm PhonePe reported a three-fold growth in revenues for the financial year 2018-19 but the gain ....

30 October, 2019

Google Payments India FY19 profit up 75%

Supriya Roy

Google Payments India reported a 75% increase in net profit at Rs 32.8 lakh for the year ended March 31, 2019 compared to Rs 18.7 ....

24 October, 2019
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Zomato paid hackers Rs 70 lakh to fix bugs; Walmart plans to demerge PhonePe: Report

Tanmay Tiwary

Zomato has paid hackers about Rs 70 lakh to find and fix bugs. Global retail major Walmart wants to demerge Flipkart’s digital ....

11 October, 2019

Vendors accuse HomeShop18 of fraud; PhonePe may partner with ICICI Bank for UPI-based transactions

Tanmay Tiwary

Vendors of the teleshopping and ecommerce portal HomeShop18 say the company has failed to pay them. Bengaluru-based payments platform ....

30 September, 2019

PhonePe, BharatPe fight over ‘Pe’; Early Diwali for Zerodha employees with ESOPs

Supriya Roy

Payment fintechs PhonePe and BharatPe are in legal tangle over the right to use ‘Pe’ in their names. Online brokerage ....

25 September, 2019

Now apply for IPOs via PhonePe

Team TC

Users of Flipkart-owned digital payments platform PhonePe can now subscribe to initial public offerings (IPOs) by using their ....

18 September, 2019
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Paytm consolidated net loss up 162% at Rs 4,217 cr on increased competition, higher capital expenditure

Team TC

Paytm reported a 162% increase in consolidated net loss at Rs 4,217 crore for the financial year ended March 31, 2019 due to increased ....

10 September, 2019

Uber may launch bus services soon; Zomato fires customer support employees

Team TC

SoftBank-backed payments firm Paytm saw a drop in UPI transactions during the month of July, even as overall UPI transactions ....

8 August, 2019

PhonePe registers 5X increase in TPV

Team TC

The total payment volume (TPV) of transactions on Flipkart-owned payments platform PhonePe has increased five times since last ....

5 August, 2019

Bounce plans to raise $30 mn; PhonePe gets fresh funds

Team TC

Scooter rental platform Bounce likely to get more funds from existing investors. Flipkart-owned PhonePe gets over $100 million. ....

30 July, 2019
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Amazon Pay strengthens war chest with fresh infusion from parent

Payal Ganguly

Amazon Corporate Holdings Singapore has led an infusion of Rs 450 crore ($64.2 million) in Amazon Pay, the e-commerce platform’s ....

24 June, 2019

PhonePe’s offline merchant base grows 5 times in 6 months to 5 mn in India

Tanmay Tiwary

Bengaluru-based payments platform PhonePe has announced the growth of its offline merchant base in India to over five million ....

20 June, 2019

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

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

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