Explore the latest news, in-depth reports, and executive analysis tagged with #Phonepe.
In a joint representation, seven UPI apps have raised concerns around competition, customer choice, market concentration, security, transaction success rates and operational complexity.
As part of the leadership changes, Rahul Chari, co-founder, PhonePe, has assumed the expanded role of chief product and technology officer (CPTO).
Earlier this year, PhonePe's Share.Market and wealth business head Ujjwal Jain stepped down after four years with the company.
The clarification comes after some users received notifications stating that wallets inactive for more than 12 months could attract a maintenance charge of up to Rs 100 per quarter.
Read about Project UPI Meta (a story with backstory). Also, we write how Industrial AI is beginning to move from experimentation to scaled deployment in India’s manufacturing sector.
If implemented, the move could simplify payment confirmations at crowded retail counters while reducing hardware and subscription expenses for merchants.
In a LinkedIn post, Jain described his exit as the close of a long phase and the beginning of something new.
PhonePe had filed its updated (DRHP) for its IPO with the Securities and Exchange Board of India earlier in January.
The AI-powered search feature that lets users navigate and transact with voice or text commands in natural language.
In this edition, we look into General Atlantic's bet on PhonePe; and why investors are backing startups that want to use voice AI amid spam calls rise.
The IPO will be a pure offer for sale (OFS) of up to 5.06 crores and it will not involve fresh capital raise.
The market regulator's nod for PhonePe's IPO comes in the wake of a slew of public offers by new age tech companies in India in the past months.
The new option seeks to tap into India’s rapidly expanding SIP ecosystem.
In October, OpenAI also partnered with National Payments Corporation of India (NPCI) and PhonePe's rival Razorpay.
The SRPA was an entity floated by industry association Payments Council of India (PCI) to qualify as an SRO under the RBI’s framework.
The latest transaction has taken the private equity major's stake in PhonePe from 4.4% to 9%.
The IPO is expected to be a complete offer for sale (OFS).
The fintech company's operating revenue jumped 40% to Rs 7,115 crore in FY25.
The approval comes more than two years after the fintech giant first secured in-principle approval from the RBI.
Behind flashy apps and jackpots lies a complex web of mule accounts, payouts, and payment tricks that move thousands of crores beyond the screen.
