PhonePe has launched PhonePe PulsePro, an enterprise intelligence platform that converts aggregated and a ...More

PhonePe has launched PhonePe PulsePro, an enterprise intelligence platform that converts aggregated and anonymised digital transaction data into hyperlocal, near real-time market insights. Built on PhonePe's payments network of 700 million users and 50 million merchants, the company said PulsePro will help businesses improve expansion planning, site selection, distribution strategy and category growth while tracking consumer behaviour and economic activity across India. ...Less

PhonePe's revenue grew while its net loss widened significantly in FY26. Paytm's revenue increased and it ...More

PhonePe's revenue grew while its net loss widened significantly in FY26. Paytm's revenue increased and it achieved profitability against a prior year loss. Paytm's cost management and financial services distribution drove its faster monetization. PhonePe's UPI dominance offers distribution but faces monetization challenges. Future growth for PhonePe hinges on operational efficiency and product diversification. ...Less

Walmart-owned fintech company PhonePe has posted an 11% increase in its operating revenue for fiscal 2026 ...More

Walmart-owned fintech company PhonePe has posted an 11% increase in its operating revenue for fiscal 2026 at Rs 7,920 crore. Its net loss, however surged 62% during the year to Rs 2,792 crore, according to regulatory documents sourced from Tofler. ...Less

Happy Tuesday! Ola’s AI startup Krutrim has conducted another round of layoffs, sources told us. This and ...More

Happy Tuesday! Ola’s AI startup Krutrim has conducted another round of layoffs, sources told us. This and more in today’s ETtech Morning Dispatch. ...Less

India's primary market momentum continues with over two dozen issuers planning IPOs. These companies aim ...More

India's primary market momentum continues with over two dozen issuers planning IPOs. These companies aim to collectively raise approximately ₹35,000 crore in the upcoming month. New-age companies like Zepto and PhonePe are expected to lead this significant market activity. Investor appetite is returning as markets stabilize, following a subdued first half. This robust pipeline signals a strong third quarter for IPO launches this year. ...Less

Happy Monday! Zepto's IPO pricing expectation has run into resistance from top mutual funds. This and mor ...More

Happy Monday! Zepto's IPO pricing expectation has run into resistance from top mutual funds. This and more in today's ETtech Morning Dispatch. ...Less

The Delhi High Court has issued a ruling for the liquidation of Paytm Payments Bank Ltd, following the Re ...More

The Delhi High Court has issued a ruling for the liquidation of Paytm Payments Bank Ltd, following the Reserve Bank of India's decision to annul its banking license due to major concerns regarding management practices and regulatory compliance. An official liquidator will oversee the bank's dissolution, but it is important to note that this action does not impact other Paytm services. ...Less

Paytm Payments Bank Limited is set for closure as per the directive from the Delhi High Court, resulting ...More

Paytm Payments Bank Limited is set for closure as per the directive from the Delhi High Court, resulting from the Reserve Bank of India's earlier cancellation of its banking license. Reasons cited include failure to meet compliance regulations and negative impacts on depositors. Now, with Girikumar M Nair named as the official liquidator, he will step in to lead the bank's liquidation process. ...Less

The move would mark a significant shift in India’s digital payments policy, six years after the governmen ...More

The move would mark a significant shift in India’s digital payments policy, six years after the government made UPI and RuPay debit card transactions free to drive digital adoption. The levy is expected to apply only to large merchants, those with annual turnover of Rs 1-1.5 crore or more while peer-to-peer transfers and payments to small merchants will remain free. ...Less

Zepto IPO delay: People aware of the discussions told ET that the company has received a formal price ind ...More

Zepto IPO delay: People aware of the discussions told ET that the company has received a formal price indication from large institutional investors and is negotiating for a week or two before deciding whether to proceed. A deferment is on the table if the price gap does not close, though the company would prefer to list, they added. ...Less

India's startup IPO pipeline is gathering momentum with several new-age companies advancing. CarDekho and ...More

India's startup IPO pipeline is gathering momentum with several new-age companies advancing. CarDekho and InsuranceDekho are preparing for their public market debuts soon. Zepto and Zetwerk have secured regulatory approvals for their upcoming listings. PhonePe and Oyo also remain in the IPO pipeline for future public offerings. These companies represent diverse sectors like fintech, quick commerce, and hospitality. ...Less

India may reintroduce merchant discount rates for large businesses on UPI transactions. This move aims to ...More

India may reintroduce merchant discount rates for large businesses on UPI transactions. This move aims to address the financial sustainability of digital payment providers. Small merchants and transactions below a certain threshold will likely remain exempt from these charges. ...Less

PhonePe has appointed Srijon Biswas as its new chief technology officer. Biswas, a long-time engineering ...More

PhonePe has appointed Srijon Biswas as its new chief technology officer. Biswas, a long-time engineering leader, will now head the company's engineering organization. He will continue to report to cofounder Rahul Chari, who is now the chief product and technology officer. PhonePe continues to expand its digital payments and financial services offerings. The company's market share remains strong in the competitive digital payments landscape. ...Less

Flipkart, which flipped back its domicile to India from Singapore in March, was preparing to tap the dome ...More

Flipkart, which flipped back its domicile to India from Singapore in March, was preparing to tap the domestic capital market, according to people aware of the matter. Krishnamurthy pushed back on a pre-IPO fundraise said to be aimed at ascertaining valuation. ...Less

Biswas will lead the fintech firm's engineering organisation as PhonePe doubles down on technology and pl ...More

Biswas will lead the fintech firm's engineering organisation as PhonePe doubles down on technology and platform investments. ...Less

The central government is considering reintroducing a merchant discount rate on UPI transactions. This le ...More

The central government is considering reintroducing a merchant discount rate on UPI transactions. This levy would apply only to large merchants with an annual turnover of Rs 1-1.5 crore. Smaller businesses and everyday payments will remain unaffected by this potential change. ...Less

Announcing his departure through a post on Linkedin, Gupta said he was leaving to build a new venture, an ...More

Announcing his departure through a post on Linkedin, Gupta said he was leaving to build a new venture, and called it a natural next step after spending years building products and businesses at startups such as PhonePe, Flipkart, and Pine Labs. ...Less

Wipro posted flat first-quarter profit despite higher revenues. This and more in today's ETtech Top 5. ...More

Wipro posted flat first-quarter profit despite higher revenues. This and more in today's ETtech Top 5. ...Less

The government is mulling restoring MDR on UPI transactions for large merchants. This and more in today’s ...More

The government is mulling restoring MDR on UPI transactions for large merchants. This and more in today’s ETtech Morning Dispatch. ...Less

Indian artificial intelligence startups are experiencing significant funding and valuation surges. Emerge ...More

Indian artificial intelligence startups are experiencing significant funding and valuation surges. Emergent and Sarvam AI recently achieved unicorn status with large investment rounds. UnifyApps is also in talks for a substantial funding round, increasing its valuation. These companies benefit from strong investor interest in AI infrastructure and enterprise software. However, rapid AI advancements pose disruption risks for less adaptable startups. ...Less

Zostel asked Sebi to review Oyo’s IPO filings, escalating their dispute over the Zo Rooms acquisition. Th ...More

Zostel asked Sebi to review Oyo’s IPO filings, escalating their dispute over the Zo Rooms acquisition. This and more in today's ETtech Top 5. ...Less

The investment, which comes less than a year after the New York and Gurgaon-based startup raised $50 mill ...More

The investment, which comes less than a year after the New York and Gurgaon-based startup raised $50 million from WestBridge Capital, is expected to value the company at $700-750 million, marking a more than threefold jump from its $200 million valuation in October 2025. ...Less

Mohammed Ismail travelled over 1,200 kilometres to repay a debt from 31 years ago. He used Google Maps an ...More

Mohammed Ismail travelled over 1,200 kilometres to repay a debt from 31 years ago. He used Google Maps and Gemini AI to find his former colleague, Edla Lachanna. Ismail had borrowed 3,000 Saudi Riyals during a difficult financial period in Saudi Arabia. Lachanna's family was moved by Ismail's sincerity and determination to honor his commitment. This journey highlights how technology can reconnect people separated by time and distance. ...Less

Founded in 2018 by Amrit Acharya, Srinath Ramakkrushnan, Vishal Chaudhary, Ankit Fatehpuria and Rahul Sha ...More

Founded in 2018 by Amrit Acharya, Srinath Ramakkrushnan, Vishal Chaudhary, Ankit Fatehpuria and Rahul Sharma, Zetwerk operates a technology-enabled manufacturing platform serving sectors such as energy, electronics, defence, aerospace and capital goods. ...Less

After the 13% crash, Trent shares have technically slipped below their 20-day EMA, while the RSI has witn ...More

After the 13% crash, Trent shares have technically slipped below their 20-day EMA, while the RSI has witnessed a sharp downtick, signalling a shift in momentum from bullish to bearish, said Sudeep Shah, Head of Technical and Derivatives Research at SBI Securities ...Less

Indian startups are increasingly offering Esop liquidity programs to employees. Flipkart recently announc ...More

Indian startups are increasingly offering Esop liquidity programs to employees. Flipkart recently announced its second buyback event with a $50 million corpus. BrowserStack also provided liquidity to employees and early investors with a $125 million buyback. CoinDCX and Unacademy have also conducted significant ESOP buyback initiatives. These programs allow employees to cash out vested stock options before an IPO or acquisition. ...Less

In July 2025, Flipkart had announced a $50 million employee stock buyback programme, which was set to pro ...More

In July 2025, Flipkart had announced a $50 million employee stock buyback programme, which was set to provide liquidity to around 7,000-7,500 employees. ...Less

Telegram has long been known as a place where pirated films, books, newspaper PDFs, exam material and ban ...More

Telegram has long been known as a place where pirated films, books, newspaper PDFs, exam material and banned content resurface quickly after being taken down elsewhere. Now, the platform is also being used for sharing non-consensual intimate images of women and photos taken without permission, and creating private groups where members pay to watch, circulate or discuss such content. ...Less

The development comes nearly four years after Navi first filed for an IPO, seeking to raise Rs 3,350 cror ...More

The development comes nearly four years after Navi first filed for an IPO, seeking to raise Rs 3,350 crore. The company received an approval from the Securities and Exchange Board of India (Sebi) in September 2022 for the issue, but put the plan on hold amid market volatility and a sharp decline in technology stocks. ...Less

Non-consensual image rings are turning small UPI transfers into tickets to abusive, closed Telegram group ...More

Non-consensual image rings are turning small UPI transfers into tickets to abusive, closed Telegram groups. This and more in today’s ETtech Morning Dispatch. ...Less

Fintech startup Navi, co-founded by Sachin Bansal, is planning to file draft IPO papers in the March quar ...More

Fintech startup Navi, co-founded by Sachin Bansal, is planning to file draft IPO papers in the March quarter of FY27 to raise about Rs 3,000 crore. The IPO is likely to include a mix of fresh equity and an offer for sale, with the final structure yet to be decided. Kotak Investment Banking has been appointed to manage the issue. ...Less

AlphaGrep Mutual Fund has launched its first fund, the AlphaGrep Multi Asset Allocation Fund, employing a ...More

AlphaGrep Mutual Fund has launched its first fund, the AlphaGrep Multi Asset Allocation Fund, employing a unique algorithm-driven approach. This open-ended scheme dynamically allocates capital across equities, fixed income, and commodities, aiming for better risk-adjusted returns with minimal human bias. Experts weigh in on the merits of algorithmic versus traditional multi-asset strategies, highlighting the importance of a long track record and individual investor control over asset allocation. ...Less

UPI processed 22.72 billion transactions in June, a slight dip from May's record, but daily averages hit ...More

UPI processed 22.72 billion transactions in June, a slight dip from May's record, but daily averages hit an all-time high. Despite fewer days in June, annual growth remains strong, with volumes up 23% year-on-year. This surge in daily activity highlights UPI's dominance in everyday, low-value payments, though the average ticket size is shrinking. Future growth is anticipated from credit-linked UPI products. ...Less

Apple has accused Indian antitrust investigators of merely copying rivals' claims without independent ana ...More

Apple has accused Indian antitrust investigators of merely copying rivals' claims without independent analysis in its competition law probe. The tech giant argues the findings are flawed and calls for them to be quashed, citing a lack of opportunity to present its case. This marks a significant escalation in Apple's dispute with the Competition Commission of India over its app store practices. ...Less

Several important financial and regulatory changes have come into effect from July 1, 2026, impacting tax ...More

Several important financial and regulatory changes have come into effect from July 1, 2026, impacting taxpayers, Aadhaar holders, passport applicants, credit card users, railway passengers and vehicle buyers. Key updates include free Aadhaar email updates, revised passport fees, new SBI and HDFC credit card rules, stricter railway penalties, the approaching ITR filing deadline, possible LPG, CNG and PNG price revisions, RBI's new anti-mis-selling framework, the expected rollout of EPFO 3.0 and car price hikes by major automakers. Here's a detailed look at all the major rule changes taking effect from July 1 and how they could affect your finances and daily life. ...Less

Get ready for significant financial shifts starting July 1, 2026. Taxpayers face new ITR filing deadlines ...More

Get ready for significant financial shifts starting July 1, 2026. Taxpayers face new ITR filing deadlines, while Aadhaar card holders can update their email for free. SBI and HDFC credit card users will see changes in reward points and lounge access eligibility. Passport fees are set to rise, and banks will face stricter rules against mis-selling financial products, ensuring customer refunds and compensation. ...Less

PhonePe clarifies inactivity fees apply solely to its prepaid wallet, not linked bank accounts or UPI tra ...More

PhonePe clarifies inactivity fees apply solely to its prepaid wallet, not linked bank accounts or UPI transactions. Users receiving notifications despite app usage are reminded wallet and UPI activities are tracked separately. The company assures no deductions from bank accounts or negative wallet balances, offering 15 days' notice for users to reactivate, withdraw, or close their wallets. ...Less

PhonePe is now charging a Rs 100 quarterly fee for inactive wallets. This fee applies if users have not m ...More

PhonePe is now charging a Rs 100 quarterly fee for inactive wallets. This fee applies if users have not made any financial transactions through the PhonePe Wallet in the past 365 days. The charge supports platform improvements. Users receive multiple notifications before the fee is deducted. A single wallet transaction reactivates the account and avoids the charge. ...Less

Think tank GTRI said that the deal gives Meta a foothold in one of the country's richest repositories of ...More

Think tank GTRI said that the deal gives Meta a foothold in one of the country's richest repositories of consumer financial-behaviour data, covering credit cards, loans, investments, insurance, and UPI transactions. On the other hand, it said China built its digital payments ecosystem through domestic champions such as Alipay and WeChat Pay, keeping ownership and strategic control within Chinese companies. ...Less

This was among the tech giant's biggest investments in the Indian startup ecosystem, which also shot Shah ...More

This was among the tech giant's biggest investments in the Indian startup ecosystem, which also shot Shah into the elite club of global tech leaders. Zooming out, here’s a look at Meta’s other investments in India, one of its biggest and most lucrative markets. ...Less

IPO-bound PhonePe saw its market share slip marginally to 46.3% in May, from 46.5% in the same month last ...More

IPO-bound PhonePe saw its market share slip marginally to 46.3% in May, from 46.5% in the same month last year, while Google Pay’s share fell to 32.7% from 36.1% in May 2025. ...Less

Meta's substantial investment in Cred and appointing its founder Kunal Shah as global head of WhatsApp si ...More

Meta's substantial investment in Cred and appointing its founder Kunal Shah as global head of WhatsApp signals a major push into India's fintech landscape. For Meta, with Shah at the helm, there is a chance that WhatsApp's position in India, its largest market, will go beyond messaging into payments, commerce, and business services. ...Less

Cred founder Kunal Shah, a philosophy graduate, built his platform on exclusivity for high credit scorers ...More

Cred founder Kunal Shah, a philosophy graduate, built his platform on exclusivity for high credit scorers, now processing over 40% of India's credit card bills. While Meta's interest raises data control questions, Shah faces the challenge of creating a fair commercial portal. His next task is to expand Cred beyond its niche user base to serve the broader Indian middle class, a significant shift from his initial strategy. ...Less

South Indian Bank has boosted interest rates on US dollar deposits for Non-Resident Indians to 6.5% per a ...More

South Indian Bank has boosted interest rates on US dollar deposits for Non-Resident Indians to 6.5% per annum for 3-5 year tenures. This move follows the RBI's new USD/INR forex swap facility, enabling banks to secure stable foreign currency while managing exchange risks. The attractive returns offer NRIs a chance to grow their savings securely, with the RBI facility available until September 2026. ...Less

Smallcap funds have emerged as the best-performing equity mutual fund category over the last three months ...More

Smallcap funds have emerged as the best-performing equity mutual fund category over the last three months, delivering an average return of 16.94%, according to ETMutualFunds. The rally follows an earlier correction and has been supported by improving earnings, strong liquidity, and renewed investor interest. However, the sharp gains have also sparked debate on whether investors should buy, hold, or book profits at current levels. ...Less

PhonePe has introduced SmartPages, an AI tool for merchants. This innovation allows businesses to build p ...More

PhonePe has introduced SmartPages, an AI tool for merchants. This innovation allows businesses to build payment-ready webpages in under ten minutes. Merchants can describe their offerings, and AI generates descriptions and payment pages. This feature simplifies website creation and marketing copy for small sellers. SmartPages supports regional languages and is integrated with PhonePe's payment gateway. ...Less

Audio entertainment startup Pocket FM is reportedly in discussions to shift its holding structure back to ...More

Audio entertainment startup Pocket FM is reportedly in discussions to shift its holding structure back to India, signalling potential plans for a domestic public listing. This move follows rival Kuku Technologies' formal steps towards an IPO, intensifying focus on India's growing audio and mobile-first storytelling market. ...Less

The round also saw participation from Think Investments, Valiant Fund, PhonePe founder Sameer Nigam, and ...More

The round also saw participation from Think Investments, Valiant Fund, PhonePe founder Sameer Nigam, and Zubin Bharti Mittal, among others. The lead investors had also co-led the company's $10 million Series A in November 2024, along with Reddy. The founder, son of GVK Group vice chairman Sanjay Reddy, has transitioned from managing physical assets to building digital platforms. ...Less

Indian startup Equal AI has raised $30 million to expand its AI-powered call screening platform that answ ...More

Indian startup Equal AI has raised $30 million to expand its AI-powered call screening platform that answers and filters calls on users' behalf. As spam, telemarketing, and service calls continue to overwhelm consumers, the company is betting that AI assistants will become a new layer between people and their communications. The funding reflects growing investor interest in AI agents capable of handling everyday interactions, while raising broader questions about how much of our personal communication we are willing to delegate to machines. ...Less

SBI Card is revising reward point programs for PhonePe SBI Credit Cards, effective July 1, 2026. Both PUR ...More

SBI Card is revising reward point programs for PhonePe SBI Credit Cards, effective July 1, 2026. Both PURPLE and SELECT BLACK cardholders will face new monthly caps on reward points for PhonePe and online spends. Additionally, the SELECT BLACK card will exclude several transaction categories from earning rewards. ...Less

Cloud kitchen platform Curefoods has postponed its Rs 800 crore IPO plans after Sebi approval, as mutual ...More

Cloud kitchen platform Curefoods has postponed its Rs 800 crore IPO plans after Sebi approval, as mutual funds resisted its Rs 4,000 crore valuation. The company, facing market headwinds for loss-making new-age firms, aims to relist next year if market conditions improve. This follows similar deferrals by PhonePe and Flipkart. ...Less

Lenskart has drawn fresh interest from major institutional investors. This and more in today's ETtech Top ...More

Lenskart has drawn fresh interest from major institutional investors. This and more in today's ETtech Top 5. ...Less

Happy Monday! Amazon India’s Samir Kumar said the company is gunning for the top spot in the country’s qu ...More

Happy Monday! Amazon India’s Samir Kumar said the company is gunning for the top spot in the country’s quick commerce market. This and more in today’s ETtech Morning Dispatch. ...Less

Hospitality firm Oyo's parent company, Prism, has received SEBI's approval for its IPO, aiming to raise R ...More

Hospitality firm Oyo's parent company, Prism, has received SEBI's approval for its IPO, aiming to raise Rs 6,650 crore. The company plans to file an updated draft prospectus within two months, marking its third attempt to go public. This comes as other new-age companies reassess their IPO plans due to market volatility. ...Less

Daily average transaction volumes rose to 748 million in May from 745 million in April, reflecting higher ...More

Daily average transaction volumes rose to 748 million in May from 745 million in April, reflecting higher adoption of UPI for retail consumer payments. ...Less

A consumer commission has ordered FirstCry to pay Rs 50,000 compensation. The online retailer cancelled a ...More

A consumer commission has ordered FirstCry to pay Rs 50,000 compensation. The online retailer cancelled a customer's order without reason. FirstCry also withheld payment and labelled the customer a fraud. The commission found FirstCry's defence contradictory. The company must refund Rs 2,130 with interest and pay litigation costs. This order aims to curb unfair trade practices. ...Less

Oyo, the hospitality brand, has secured approval from the Securities and Exchange Board of India for its ...More

Oyo, the hospitality brand, has secured approval from the Securities and Exchange Board of India for its initial public offering. The company plans to raise ₹6,650 crore through this IPO. Oyo is expected to file its updated draft red herring prospectus in the coming weeks. This marks the company's third attempt to go public. ...Less

Foreign companies are listing their Indian units to send billions of dollars back home. These are mostly ...More

Foreign companies are listing their Indian units to send billions of dollars back home. These are mostly secondary offerings, not for raising new funds. This trend is driven by high stock valuations in India. This is causing significant capital outflows and impacting the Indian rupee. While some officials express concern, no curbs are indicated. ...Less

While Zoho Corporation has invested Rs 70 crore as a part of this round, Uber and Paytm have invested Rs ...More

While Zoho Corporation has invested Rs 70 crore as a part of this round, Uber and Paytm have invested Rs 60 crore each. BSE Technologies has injected Rs 30 crore into the government-backed digital commerce entity. ...Less

Indian IT stocks saw a significant surge on Monday, outperforming the broader market. The Nifty IT index ...More

Indian IT stocks saw a significant surge on Monday, outperforming the broader market. The Nifty IT index reached its highest point since April 23. This rally was driven by attractive stock valuations and new AI partnerships. Investors are showing renewed interest, building fresh long positions. This rebound follows a period of underperformance for the IT sector this year. ...Less

Japan's MUFG is launching a significant $250 million fund for Indian startups. This new fund will focus o ...More

Japan's MUFG is launching a significant $250 million fund for Indian startups. This new fund will focus on early and growth-stage companies, especially in fintech. This move comes as other major investors have slowed their activity. MUFG's initiative aims to fill this gap, backing India's digital growth. The fund could expand to $400 million. ...Less

Kent RO Systems has postponed its stock market debut. The Indian water purifier maker cites global market ...More

Kent RO Systems has postponed its stock market debut. The Indian water purifier maker cites global market volatility, worsened by the Iran conflict, as the reason. Rising costs for raw materials also impact operations. The company will reassess its IPO plans in at least a year. Despite challenges, Kent expects revenue growth driven by low water purifier adoption in India. ...Less

Equity mutual funds saw strong performance in May, with returns reaching up to 17%. International funds l ...More

Equity mutual funds saw strong performance in May, with returns reaching up to 17%. International funds led the gains, driven by markets like the US, Korea, and Taiwan. While global diversification is beneficial, experts advise caution due to high valuations. Investors should consider a systematic investment plan for global exposure, focusing on long-term data for market assessment. ...Less

PhonePe has launched an AI-driven system to significantly accelerate merchant payment gateway integration ...More

PhonePe has launched an AI-driven system to significantly accelerate merchant payment gateway integrations. This new tool, powered by AI coding assistants and PhonePe's 'Integration Intelligence,' reduces integration times from weeks to mere minutes. Businesses can now onboard faster and start accepting payments sooner, with a particular focus on empowering small and medium enterprises. ...Less

NPCI is developing a unified, interoperable soundbox system for UPI transactions, aiming to eliminate the ...More

NPCI is developing a unified, interoperable soundbox system for UPI transactions, aiming to eliminate the need for merchants to use multiple devices. This move could significantly reduce costs for small businesses and streamline payment confirmations across all apps, fostering greater efficiency in the digital payments ecosystem. ...Less

Indian travellers are increasingly using UPI abroad for convenient payments, but understanding its limita ...More

Indian travellers are increasingly using UPI abroad for convenient payments, but understanding its limitations and risks is crucial. While cheaper than cards in select countries like UAE and Singapore, UPI acceptance is uneven, and backup payment options are essential. Users must be aware of transaction limits, potential failures, and fraud risks. ...Less

Ujjwal Jain, CEO of PhonePe's stock trading platform Share.Market, has departed after four years, calling ...More

Ujjwal Jain, CEO of PhonePe's stock trading platform Share.Market, has departed after four years, calling it a "relaunch" for his next venture. Jain, who founded WealthDesk and OpenQ before their acquisition by PhonePe, led the launch of Share.Market in August 2023. This move occurs as PhonePe has postponed its IPO plans. ...Less

The round is being raised at a pre-money valuation of $12 billion, making PhonePe the most valuable finte ...More

The round is being raised at a pre-money valuation of $12 billion, making PhonePe the most valuable fintech in the country, surpassing payment services provider, Razorpay which was last valued at $7.5 billion. ...Less

The fintech firm has moved businesses and subsidiaries of PhonePe Singapore, including its insurance brok ...More

The fintech firm has moved businesses and subsidiaries of PhonePe Singapore, including its insurance broking services and wealth broking services, to PhonePe Pvt Ltd - India. ...Less

Walmart CEO John Furner met with Indian Prime Minister Narendra Modi. The meeting focused on India's econ ...More

Walmart CEO John Furner met with Indian Prime Minister Narendra Modi. The meeting focused on India's economic growth and investment opportunities. Walmart has sourced $40 billion in goods from India. The company is expanding its digital commerce and payments sectors. Flipkart and PhonePe are planning public listings in India. Walmart is committed to increasing its presence in the country. ...Less

PhonePe says registered user base has grown 28% over the past 12 months—from 273 million in January 2021 ...More

PhonePe says registered user base has grown 28% over the past 12 months—from 273 million in January 2021 to 350 million in December 2021. ...Less

Walmart's CEO John Furner has expressed enthusiasm over Flipkart's groundbreaking 13-minute delivery serv ...More

Walmart's CEO John Furner has expressed enthusiasm over Flipkart's groundbreaking 13-minute delivery service, marking it as a transformative element of their operations in India. This rapid-response system not only exemplifies Flipkart's innovative spirit but also aligns with Walmart's broader strategy of strengthening its international investments. ...Less

PhonePe has achieved a major milestone with 50 million registered merchants. This growth signifies a sign ...More

PhonePe has achieved a major milestone with 50 million registered merchants. This growth signifies a significant step in bringing financial services to more Indians. The platform now offers a wide range of solutions beyond just payments. This includes loans and business tools for small enterprises. PhonePe's focus on accessibility, especially in smaller towns, has been key to this success. ...Less

PhonePe has launched ‘PhonePe Protect’, a new security tool to prevent fraud during digital payments. The ...More

PhonePe has launched ‘PhonePe Protect’, a new security tool to prevent fraud during digital payments. The feature warns users about suspicious numbers flagged by the Department of Telecommunications’ Financial Fraud Risk Indicator (FRI). It blocks risky transactions, provides alerts, and helps users make safer payment decisions in real time. ...Less

PhonePe FY25 results: IPO-bound PhonePe, backed by Walmart, has significantly reduced its losses to Rs 1, ...More

PhonePe FY25 results: IPO-bound PhonePe, backed by Walmart, has significantly reduced its losses to Rs 1,720 crore in FY25, a 13.9% improvement year-over-year, while also achieving positive free cash flow. Revenue surged by 40% to Rs 7,115 crore, driven by payment services. Employee benefit costs increased due to higher salaries and share-based payments. The company is preparing for a $1. ...Less

PhonePe Switch enables merchant partners to integrate their existing progressive web apps (PWAs) or mobil ...More

PhonePe Switch enables merchant partners to integrate their existing progressive web apps (PWAs) or mobile sites to the platform, and reach out to the PhonePe user base. ...Less

PhonePe, which had also applied for a mutual fund license with the Securities and Exchange Board of India ...More

PhonePe, which had also applied for a mutual fund license with the Securities and Exchange Board of India (Sebi) last December, will acquire WealthDesk at a deal value of $50 million, while OpenQ deal is pegged at $25 million, sources said. ...Less

Digital payments firm PhonePe’s revenue from operations was Rs 690 crore in FY21, from Rs 371.7 crore in ...More

Digital payments firm PhonePe’s revenue from operations was Rs 690 crore in FY21, from Rs 371.7 crore in the previous fiscal year. ...Less

The company says the growth was driven by market expansion, leadership in the digital payments market, an ...More

The company says the growth was driven by market expansion, leadership in the digital payments market, and the launch and scale-up of products and businesses ...Less

Flipkart co-founder Binny Bansal will join PhonePe's board of directors, along with the fintech company's ...More

Flipkart co-founder Binny Bansal will join PhonePe's board of directors, along with the fintech company's co-founders Sameer Nigam and Rahul Chari. ...Less

NPCI noted that PhonePe and Flipkart Apps are in contravention of the UPI guidelines of interoperability. ...More

NPCI noted that PhonePe and Flipkart Apps are in contravention of the UPI guidelines of interoperability. Hence, NPCI has directed PhonePe and Flipkart to comply with the UPI guidelines. ...Less

Phonepe News: As PhonePe heads toward a reported $1.5 billion IPO following a confidential DRHP and robus ...More

Phonepe News: As PhonePe heads toward a reported $1.5 billion IPO following a confidential DRHP and robust FY25 results, here’s a look at the tech that makes India’s largest payments processor tick. ...Less

PhonePe and Mastercard have partnered to introduce device tokenization on PhonePe's payments gateway. Thi ...More

PhonePe and Mastercard have partnered to introduce device tokenization on PhonePe's payments gateway. This collaboration makes online payments more secure and seamless for users. Customers can now save their card details once on the PhonePe app and use them across various merchants. This initiative aims to simplify the checkout process, reducing transaction drop-offs and improving customer satisfaction for businesses. ...Less

Hive-off comes on the back of PhonePe’s funding round of $1.5-2 billion at a valuation of $12 billion ...More

Hive-off comes on the back of PhonePe’s funding round of $1.5-2 billion at a valuation of $12 billion ...Less

As a part of this partnership, Goibibo will be live with their ‘Hotels’ store (microapp) on the PhonePe a ...More

As a part of this partnership, Goibibo will be live with their ‘Hotels’ store (microapp) on the PhonePe application to streamline travel booking experience through Goibibo. ...Less

PhonePe, India’s biggest UPI-based payments app owned by Walmart Inc., is withdrawing a petition filed in ...More

PhonePe, India’s biggest UPI-based payments app owned by Walmart Inc., is withdrawing a petition filed in the same matter and filing a fresh one to address certain observations made by the Bombay High Court. ...Less

PhonePe’s TPV run-rate has grown nearly 5X in the past year, since crossing the $20Bn mark in June 2018. ...More

PhonePe’s TPV run-rate has grown nearly 5X in the past year, since crossing the $20Bn mark in June 2018. ...Less

In order to pay via FreeCharge on PhonePe, customers can link FreeCharge. Also FreeCharge will show up on ...More

In order to pay via FreeCharge on PhonePe, customers can link FreeCharge. Also FreeCharge will show up on the customers’ and merchants’ app at the PhonePe payment path. ...Less

PhonePe is in talks with Tencent & Tiger Global, which backed its parent Flipkart. ...More

PhonePe is in talks with Tencent & Tiger Global, which backed its parent Flipkart. ...Less

PhonePe, which competes with Paytm, Google Pay and Amazon Pay, has reported marginally lower net loss of ...More

PhonePe, which competes with Paytm, Google Pay and Amazon Pay, has reported marginally lower net loss of Rs 1,727 crore for the period. ...Less

Walmart-backed Indian fintech firm PhonePe is preparing to file preliminary documents for its initial pub ...More

Walmart-backed Indian fintech firm PhonePe is preparing to file preliminary documents for its initial public offering to raise as much as $1.5 billion, Bloomberg News reported on Monday, citing people familiar with the matter. ...Less

In June 2018, as part of the first phase of this association, Goibibo went live with its offering of hote ...More

In June 2018, as part of the first phase of this association, Goibibo went live with its offering of hotels on the PhonePe platform. ...Less

PhonePe said the acquisition will allow it to leverage GigIndia's network of freelance microentrepreneurs ...More

PhonePe said the acquisition will allow it to leverage GigIndia's network of freelance microentrepreneurs to help corporates and enterprises acquire more customers and scale their distribution channels. ...Less

Through the partnership, PhonePe users can reserve a room at any OYO hotel in India by paying a token amo ...More

Through the partnership, PhonePe users can reserve a room at any OYO hotel in India by paying a token amount of Rs 99 upfront and paying the remaining amount later at the hotel. ...Less

Thousands of transactions had failed on the platform because of the block, according to PhonePe. ...More

Thousands of transactions had failed on the platform because of the block, according to PhonePe. ...Less

PhonePe has reduced customer support staff by 60% in five years, leveraging AI-driven chatbots to resolve ...More

PhonePe has reduced customer support staff by 60% in five years, leveraging AI-driven chatbots to resolve over 90% of issues, amidst a 40-fold transaction increase. Despite challenges like the zero MDR law and the COVID-19 pandemic, this automation helped PhonePe achieve profitability. ...Less

PhonePe, backed by Walmart, reduced its net loss in fiscal year 2025. The fintech firm's revenue increase ...More

PhonePe, backed by Walmart, reduced its net loss in fiscal year 2025. The fintech firm's revenue increased significantly. Payment services contributed the most to the revenue. The Reserve Bank of India authorized PhonePe to operate as an online payment aggregator. PhonePe has a large user base and processes millions of transactions daily. ...Less

Supreme Court dismissed PhonePe's appeal against DigiPe's trademark use. The court noted other companies ...More

Supreme Court dismissed PhonePe's appeal against DigiPe's trademark use. The court noted other companies with similar 'Pe' suffix. The ongoing lawsuit readiness and differences in services between PhonePe and DigiPe were highlighted. ...Less

PhonePe’s complaint with Sebi against Ventureast follows allegations that Ventureast sold its stake in In ...More

PhonePe’s complaint with Sebi against Ventureast follows allegations that Ventureast sold its stake in IndusOS to Affle ...Less