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

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

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

July 2026 ushers in significant financial shifts for Indians. Expect revised credit card benefits, increa ...More

July 2026 ushers in significant financial shifts for Indians. Expect revised credit card benefits, increased passport fees, and stricter railway penalties. Aadhaar email updates become free for a period, while new RBI rules aim to curb financial product mis-selling. Car prices are also set to rise, and taxpayers face approaching ITR deadlines. These changes will impact household budgets and require careful financial planning. ...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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

HDFC AMC has reported a cyber-security incident. An anonymous source claimed access to its IT systems. Th ...More

HDFC AMC has reported a cyber-security incident. An anonymous source claimed access to its IT systems. The company is assessing the impact. Business continuity is not expected to be affected. This incident highlights rising cyber risks for Indian businesses. Digital fraud cases have significantly increased. Financial institutions face growing vulnerabilities. ...Less

Flipkart has hit pause on its IPO in a jittery market. This and more in today's ETtech Top 5. ...More

Flipkart has hit pause on its IPO in a jittery market. This and more in today's ETtech Top 5. ...Less

Recognising the critical role of mass transit in ensuring energy security, economic resilience, and envir ...More

Recognising the critical role of mass transit in ensuring energy security, economic resilience, and environmental sustainability in the extant scenario, the Delhi Metro Rail Corporation (DMRC) is undertaking a series of strategic initiatives to facilitate greater adoption of metro services while enhancing commuter convenience, safety, and accessibility. ...Less

Happy Monday! Uber CEO Dara Khosrowshahi sat down with ET to discuss the company’s ambitions in (and for) ...More

Happy Monday! Uber CEO Dara Khosrowshahi sat down with ET to discuss the company’s ambitions in (and for) India, among other things. This and more in today’s ETtech Morning Dispatch. ...Less

Walmart-owned Flipkart has indefinitely paused its IPO plans due to rising market volatility and a crowde ...More

Walmart-owned Flipkart has indefinitely paused its IPO plans due to rising market volatility and a crowded pipeline of upcoming public issues. This decision follows similar postponements by other major tech firms, as Flipkart focuses on aggressive investment in its quick commerce arm, Flipkart Minutes, to drive growth amidst stagnating e-commerce expansion. ...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

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

Indian IT stocks experienced a significant downturn on Tuesday, with the Nifty IT index plummeting 3.7% t ...More

Indian IT stocks experienced a significant downturn on Tuesday, with the Nifty IT index plummeting 3.7% to a three-year low. This decline was triggered by OpenAI's substantial investment in AI adoption, raising concerns about its impact on traditional software services business models. ...Less

Walmart CEO John Furner expressed strong confidence in India's quick commerce potential during his visit, ...More

Walmart CEO John Furner expressed strong confidence in India's quick commerce potential during his visit, highlighting Flipkart's aggressive expansion of its 10-minute grocery delivery service, 'Minutes'. This move aims to challenge established players like Blinkit and Zepto. Furner also emphasized Walmart's commitment to scaling manufacturing and exports from India, underscoring the country's growing importance in global supply chains. ...Less

India's digital precious metals industry has launched the Digital Precious Metals Assurance Council of In ...More

India's digital precious metals industry has launched the Digital Precious Metals Assurance Council of India (DPMACI), a self-regulatory body aimed at bolstering consumer protection. Chaired by Nirupama Soundararajan, the council will enforce operational and governance standards, including 1:1 physical backing verification and insured vaulting, to enhance trust in the growing digital gold and silver ecosystem. ...Less

Embedded insurance is expanding in ecommerce and fintech, with payment and online retail platforms bundli ...More

Embedded insurance is expanding in ecommerce and fintech, with payment and online retail platforms bundling protection for merchants. Startups like Riskcovry and Assurekit leverage data analytics to offer customised products, addressing risks like return-to-origin and fraudulent orders, and improving premium pricing. ...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

Happy Tuesday! Amazon's late but strong push into quick commerce is unsettling market leader Blinkit. Thi ...More

Happy Tuesday! Amazon's late but strong push into quick commerce is unsettling market leader Blinkit. This and more in today's ETtech Morning Dispatch. ...Less

Gautam Adani states energy and digital infrastructure will shape future global power. He urges India to b ...More

Gautam Adani states energy and digital infrastructure will shape future global power. He urges India to build its own artificial intelligence capabilities. India must own its intelligence future, not rent it. The nation's scale offers unique advantages for AI and energy infrastructure. AI will expand productivity and create jobs. Adani Group is investing heavily in energy transition and digital infrastructure. ...Less

Sebi has approved Zepto’s IPO, paving the way for a potential Rs 12,000 crore listing in 2026. The quick ...More

Sebi has approved Zepto’s IPO, paving the way for a potential Rs 12,000 crore listing in 2026. The quick commerce startup aims to strengthen its position against rivals while signaling renewed investor confidence in India’s internet and startup listing market. ...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

Walmart has sourced over $40 billion in goods from India, highlighting the country's significant role in ...More

Walmart has sourced over $40 billion in goods from India, highlighting the country's significant role in global commerce. The retail giant is actively supporting Indian entrepreneurs and suppliers to enhance their capabilities and meet international standards. This initiative aims to boost exports and expand economic opportunities for businesses in India, connecting them with customers worldwide. ...Less

Smaller third-party UPI players are set to propose new curbs on market leaders like PhonePe, Google Pay, ...More

Smaller third-party UPI players are set to propose new curbs on market leaders like PhonePe, Google Pay, and Paytm to the NPCI. They aim to restrict user acquisition tactics, tighten monetization rules, and democratize merchant services. These proposals come as the long-pending 30% market share cap remains unimplemented. ...Less

Skyroot Aerospace became India’s first spacetech unicorn after its latest funding round. This and more in ...More

Skyroot Aerospace became India’s first spacetech unicorn after its latest funding round. This and more in today’s ETtech Top 5. ...Less

Online payments firm Razorpay has scaled back its offline expansion plans due to sluggish growth in the v ...More

Online payments firm Razorpay has scaled back its offline expansion plans due to sluggish growth in the vertical. Following its Ezetap acquisition, the company is now focusing on merchants needing both online and offline payment solutions, rather than aggressive field team expansion. This strategic shift aligns with Razorpay's IPO preparations and a focus on a more profitable core business. ...Less

India's burgeoning digital gold sector is on the cusp of formal regulation as the government explores an ...More

India's burgeoning digital gold sector is on the cusp of formal regulation as the government explores an oversight framework. Fintech founders have urged finance ministry officials to address the industry's rapid growth and lack of current legislation. ...Less

Smaller UPI players will meet NPCI to curb the growth of industry leaders PhonePe, Google Pay and Paytm. ...More

Smaller UPI players will meet NPCI to curb the growth of industry leaders PhonePe, Google Pay and Paytm. This and more in today’s ETtech Top 5. ...Less

UPI transactions in April saw a minor dip from March but a 25% rise year-on-year. While UPI shows resilie ...More

UPI transactions in April saw a minor dip from March but a 25% rise year-on-year. While UPI shows resilience, India's digital payments sector is experiencing a slowdown, with new user growth also decelerating. NPCI is considering market share caps for larger UPI apps. ...Less

Mutual funds increased their stakes in new-age companies during the March quarter, despite falling share ...More

Mutual funds increased their stakes in new-age companies during the March quarter, despite falling share prices and overall portfolio value declines. This move by domestic institutional investors comes as foreign investors divest Indian equities, with funds showing confidence in listed peers' long-term business models and execution. ...Less

Palo Alto Networks is acquiring Portkey, doubling the AI infrastructure startup's valuation. This and mor ...More

Palo Alto Networks is acquiring Portkey, doubling the AI infrastructure startup's valuation. This and more in today's ETtech Top 5. ...Less

Digital insurer Acko is gearing up for a confidential IPO, aiming to raise approximately $250 million and ...More

Digital insurer Acko is gearing up for a confidential IPO, aiming to raise approximately $250 million and seeking a valuation between $2-2.5 billion, according to people familiar with the matter. Appointing top investment banks, the company plans to file its prospectus by June. Acko, founded by Varun Dua, offers direct-to-consumer insurance and has significant investor backing. ...Less

In an interview with ET, Priya Narasimhan, Chief Business Officer (CBO) of the homegrown Indus Appstore, ...More

In an interview with ET, Priya Narasimhan, Chief Business Officer (CBO) of the homegrown Indus Appstore, a PhonePe product, spoke about evolving India’s app ecosystem into a powerhouse that puts creative control and value back into the hands of our own builders and consumers. ...Less

Akshaya Tritiya 202: Akshaya Tritiya on April 19, 2026, sees a surge in digital gold purchases. Platforms ...More

Akshaya Tritiya 202: Akshaya Tritiya on April 19, 2026, sees a surge in digital gold purchases. Platforms like PhonePe, JioFinance, and Paytm offer convenient ways to invest in 24K gold, bypassing crowded stores and storage concerns. These apps allow easy buying, selling, and even physical gold delivery options. ...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

India's primary market anticipates a strong showing in 2026 with several large IPOs. Companies like Jio P ...More

India's primary market anticipates a strong showing in 2026 with several large IPOs. Companies like Jio Platforms, National Stock Exchange, Zepto, PhonePe, Manipal Hospitals and SBI Funds Management are set to launch. These issuances could collectively raise around ₹1 lakh crore. While deal numbers may decrease, the overall value is expected to remain robust. ...Less

PhonePe IPO delayed: PhonePe has postponed its $1.3 billion IPO due to volatile markets, valuation concer ...More

PhonePe IPO delayed: PhonePe has postponed its $1.3 billion IPO due to volatile markets, valuation concerns and geopolitical tensions. The Walmart-owned firm, valued at nearly $15 billion, saw investor interest closer to $7 billion. Competition with Paytm and regulatory headwinds also affected its profitability outlook and listing timing. ...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

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

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 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 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, 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 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

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

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

Introducing PhonePe's latest innovation: the 'RuPay On-The-Go' Card, your new travel companion! Embrace t ...More

Introducing PhonePe's latest innovation: the 'RuPay On-The-Go' Card, your new travel companion! Embrace the future of transit payments with this National Common Mobility Card, allowing you to tap and pay effortlessly on metros, buses, and trains. The brilliance of this card lies in its offline storage, meaning your balance is always at your fingertips. ...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

UGRO Capital has halted new loans in its low-yield, DSA-led book, a strategic pivot aimed at boosting pro ...More

UGRO Capital has halted new loans in its low-yield, DSA-led book, a strategic pivot aimed at boosting profitability. This move, involving significant cost cuts and exiting a business model that offered thin margins, is expected to drive higher yields and eliminate future shareholder dilution. The company is now focusing on MSME lending and merchant partnerships. ...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

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

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

Walmart-backed PhonePe aims for a $9 billion to $10.5 billion IPO, potentially raising up to $1.05 billio ...More

Walmart-backed PhonePe aims for a $9 billion to $10.5 billion IPO, potentially raising up to $1.05 billion. This valuation marks a decrease from its last private funding round. The fintech giant, facing competition and a low-margin payments landscape, seeks to complete its listing by April, though market conditions could influence the timeline. ...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

PhonePe, a digital payment network, enables you to send money and make payments easily. Here's a quick gu ...More

PhonePe, a digital payment network, enables you to send money and make payments easily. Here's a quick guide on sending money from your PhonePe wallet to your bank account. ...Less

PhonePe’s AA service, launched as a mini-app on the main PhonePe Payments App, will allow Indian consumer ...More

PhonePe’s AA service, launched as a mini-app on the main PhonePe Payments App, will allow Indian consumers to consent to and share all their financial data, such as bank statements, insurance policies and tax filings, with regulated financial institutions. ...Less

This is due a long-term capital gains tax payout that will be made to the government as PhonePe is raisin ...More

This is due a long-term capital gains tax payout that will be made to the government as PhonePe is raising fresh capital from investors at a higher valuation ...Less

PhonePe enables UPI payments in Singapore through a pact with The Singapore Tourism Board, enhancing cros ...More

PhonePe enables UPI payments in Singapore through a pact with The Singapore Tourism Board, enhancing cross-border transactions for Indian visitors. The collaboration includes joint marketing efforts and over 8,000 merchants for seamless transactions. ...Less