Tag: phonepe
Zestmoney layoffs: ZestMoney to lay off 100 employees after PhonePe acquisition falls through
ZestMoney is expected to lay off almost 100 employees of its 450-member team, after the buy-now-pay-later platform’s acquisition talks with digital payments major PhonePe fell…
phonepe: ETtech Deals Digest: Late-stage rounds in Lenskart, PhonePe take March funding for Indian startups to $1.14 billion
Amid the ongoing funding winter, investment in Indian startups managed to cross the $1 billion dollar mark in March, on the back of late-stage funding…
zestmoney: ETtech Exclusive: PhonePe calls off deal to acquire ZestMoney amid due diligence concerns
PhonePe has decided to call off the deal to acquire buy-now-pay-later (BNPL) platform, ZestMoney, after months of being engaged in discussions, three people in the…
phonepe: PhonePe gets payment aggregator licence, reaches $1 trillion annualised payment value run rate
Digital payments platform PhonePe has achieved an annualised total payment value run rate of USD 1 trillion, or Rs 84 lakh crore, mainly on account…
bansal: Flipkart cofounder Binny Bansal looks to recharge PhonePe with $100-150 million investment
Flipkart cofounder Binny Bansal is in talks to invest about $100-150 million in PhonePe as part of an ongoing financing round at the digital payments…
Paytm, Google Pay, Amazon Pay, PayU, others: Which online payment aggregator is allowed to operate, which isn’t? RBI full list
List of PAs whose applications were returned / withdrawn – Cannot operate Name of the entity Whether Existing PA / New PA Remarks Akonto Payment…
With ‘UPI International’, PhonePe enables payment to foreign merchants
PhonePe has introduced ‘UPI International,’ a facility with which PhonePe users travelling to international destinations can pay foreign merchants via UPI, and in the currency…
upi: UPI Lite on Paytm, PhonePe soon for smaller epayments
In what could give a significant leg up to the National Payments Corporation of India’s (NPCI) UPI (Unified Payments Interface) Lite offering, two leading third-party…
Flipkart Esop: Flipkart Esop Sale: Big payday for PhonePe founders Sameer Nigam, Rahul Chari
The cofounders of PhonePe, Sameer Nigam and Rahul Chari, are expected to receive individual cash payouts of $20-25 million by completely liquidating their stock options…
phonepe: ETtech Explainer: why PhonePe investors paid Rs 8,000 crore to shift base to India?
Earlier this week, PhonePe founder and chief executive officer Sameer Nigam said the investors of the fintech firm had to pay Rs 8,000 crore in…