Fintech company ZestMoney to cut 20% workforce: Report
Bengaluru: ZestMoney, a buy now, pay later (BNPL) platform based in Bengaluru, is cutting 100 jobs, around 20% of its workforce, Business Standard reported.
PhonePe raises another $200 million in ongoing funding from largest shareholder Walmart
Bengaluru: Digital payments and financial services company PhonePe has raised an additional $200 million as part of its proposed $1 billion funding round from its largest shareholder, Walmart. The funding was secured at a pre-money valuation of $12 billion.
PhonePe raises $350 mn fund from General Atlantic
Bengaluru/IBNS: Fintech platform PhonePe on Thursday said it has raised $350 million in funding from General Atlantic, a leading global growth equity firm, at a pre-money valuation of $12 billion.
$1-billion tax imposed on retail giant Walmart for PhonePe relocation to India: Report
New Delhi: The Indian government has imposed a tax of $ 1 billion on Walmart and digital payments company PhonePe for shifting the latter’s base to India from Singapore, Bloomberg reported.
NPCI extends 30 pc UPI volume cap deadline for payment firms by 1 yr
New Delhi/IBNS: The National Payments Corporation of India (NPCI) has extended the deadline for Unified Payments Interface (UPI) players to comply with a market cap of 30 percent by two years to December 31, 2024.
PhonePe moves domicile to India from Singapore pre IPO
Bengaluru/IBNS: FinTech platform PhonePe on Thursday announced that it has completed the process of moving its domicile to India.
PhonPe undertakes Rs 135 cr ESOP buyback
Mumbai/IBNS: PhonePe has conducted ESOP buyback worth Rs 135 crore becoming one of the several companies that have made similar buybacks recently, media reports said.
Google Pay and PhonePe most used online payment platform in India
Mumbai/IBNS: Online payment platforms Google Pay and PhonePe managed to grab a lion's share of the unified payments interface (UPI) market in India accounting for 81 per cent market, according to data issued for October by National Payments Corporation of India (NPCI).
PhonePe partners with Ola to launch the industry-first autoPay feature
Kolkata, June 15 (IBNS): PhonePe, a payments platform, on Friday announced a partnership with Ola, India’s leading and one of the world’s largest ride-sharing companies, for a hassle-free cab and auto booking experience. Users can now book an Ola using the PhonePe app. With this integration, PhonePe users will have access to Ola’s multi-modal commuting offerings, along with the benefit of using the industry-first AutoPay feature.