Tag: PhonePe
Top Indian payments app PhonePe opens its data firehose to everyone
PhonePe, one of the largest digital payments services in India, on Thursday launched Pulse, a free product to offer insights into how people in the world’s second largest internet market are paying digitally. And PhonePe would know: the Flipkart-backed five-year-old startup said its insights are based on over 22 billion…
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PhonePe in talks to acquire Indian app store Indus OS
Walmart-backed Indian payments services firm PhonePe is in advanced stages of talks to acquire Samsung-backed Indus OS, a startup that operates an eponymous third-party Android app store, a source familiar with the matter told TechCrunch. The deal values Noida-headquartered Indus OS at $60 million, the source said, requesting anonymity as…
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Paytm claims top spot in India’s mobile payments market with 1.2B monthly transactions
Paytm, India’s most valuable startup, said on Monday it processed 1.2 billion transactions in the month of February, illustrating the level of penetration it has made in one of the world’s fastest-growing payments markets where it competes with Google, Facebook, Amazon, and Flipkart-backed PhonePe. Paytm said its users made 1.2…
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PayPal is shutting down domestic payments business in India
PayPal is shutting down its domestic business in India, less than four years after the American giant kickstarted local operations in the world’s second largest internet market. “From 1 April 2021, we will focus all our attention on enabling more international sales for Indian businesses, and shift focus away from…
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India proposes social security benefits for gig workers in annual budget
India’s Finance Minister Nirmala Sitharaman proposed a handful of benefits for the startup ecosystem and to accelerate the growth of digital services in the annual budget Monday as the South Asian nation looks to revive the economy that plunged into deepest recorded slump amid the coronavirus pandemic. Sitharaman said the…
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WhatsApp receives approval to expand its payments service in India
WhatsApp, which began testing its payments service in India with 1 million users in early 2018, can finally start to expand the feature to more users in the world’s second largest internet market. National Payments Corporation of India (NPCI), the body that operates the widely popular UPI payments infrastructure, said…
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