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...
Tag : PhonePe
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...
Flipkart Internet Gets $90 Million in Funding from Singapore Parent
Flipkart Internet, the marketplace arm of e-commerce firm Flipkart, has secured a fresh capital injection of around $90 million from its two Singapore-based entities, Flipkart...
Paytm Shares Jump After Strong Management Comments on Growth, Earnings
Shares of Paytm operator One 97 Communications edged higher on December 2 after the company expressed optimism about its growth prospects and reiterated its guidance...
Flipkart to Conduct $700 Million ESOP Buyback Amid PhonePe Funding Round
Flipkart may conduct $700 million in employee share buybacks as part of PhonePe’s new funding round. PhonePe is expected to raise between $1.5 billion and...
UPI Transactions Surpass Record Rs 12 Lakh Crore, Volume Tops Rs 700 Crore
Transactions through the Unified Payments Interface (UPI) hit a new high of Rs 12.11 lakh crore in October and crossed the Rs 10 lakh crore...