Cred Launches Peer-to-Peer UPI Transactions
Fintech unicorn Cred, which started as a credit card payments platform in 2018, has begun facilitating peer-to-peer Unified Payments Interface (UPI) transactions, the company said...
Tag : PhonePe
PhonePe Raises Another $100 Million from General Atlantic, Others
Digital payments and financial services startup PhonePe have raised another $100 million from General Atlantic and its co-investors at a pre-money valuation of $12 billion...
PhonePe Launches New App Pincode at ONDC to Strengthen its E-Commerce Presence
PhonePe has launched Pincode, a new app for consumers that will be part of India’s Open Network for Digital Commerce (ONDC) framework, as the Walmart-backed...
PhonePe Cancels Deal with ZestMoney Over Due Diligence Concerns
Walmart-backed PhonePe has cancelled a deal with ZestMoney over due diligence concerns. It would be a massive setback for the buy-now, pay-later platform, whose backers...
Merchants to Pay 1.1% Charge for Wallet Payments, UPI Payments Remain Free
Starting April 1, The National Payments Corporation of India (NPCI) will levy an interchange fee on Unified Payments Interface (UPI) transactions of more than Rs...
PhonePe Raises Another $200 Million in Ongoing Funding from its Biggest Shareholder Walmart
Digital payments and financial services unicorn PhonePe have raised another $200 million in an ongoing $1 billion funding round from its largest shareholder, Walmart, at...
PhonePe Raises Another $100 Million from Tiger Global, Others at $12 Billion Valuation
Digital payments and financial services unicorn PhonePe has raised $100 million from Tiger Global, Ribbit Capital and TVS Capital as part of its larger ongoing...
India to Open UPI Payments for Foreign Tourists, Starting at Airports for Tourists from G20 Countries
The Reserve Bank of India (RBI) has proposed allowing foreign tourists to make merchant payments through the United Payments Interface (UPI) while in India. The...
PhonePe Becomes First Indian Fintech to Allow UPI Payments Overseas
PhonePe, which has the largest market share by UPI transactions, now supports international payments, and Indians travelling abroad can pay foreign merchants through UPI. It...
PhonePe Raises $350 Million From General Atlantic at $12 Billion valuation
Walmart-owned fintech PhonePe raised $350 million in funding from General Atlantic at a pre-money valuation of $12 billion. The investment marks the first of a...