With interoperability, Sahamati aims to address the issue of each AA needing to integrate with every bank in order to establish an operatio...

IT major Infosys has begun laying off hundreds of employees who joined in October after a delayed onboarding. This and more in today’s ETte...

PhonePe has decided to exit the Account Aggregator business and instead partner with other Account Aggregators (AAs) in the market.

The account aggregator (AA) ecosystem is facing the threat of cybercriminals, with fraudsters gaming their systems to access customer data ...

After its planned acquisition of ZestMoney fell through, PhonePe is focussing on merchant lending. After a pilot with some 20,000 disbursed...

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 thei...

Since January, PhonePe has raised $850 million via five deals, including with private equity firms General Atlantic, Ribbit Capital and Tig...

Walmart Inc-owned Indian payments firm PhonePe on Monday said that it has secured an additional $100 million from private equity firm Gener...

“There was a town hall held on Monday by the management where the founders informed the rest of the team that they are leaving the company,...

Digital payments major PhonePe is looking to close a commercial arrangement with ZestMoney after deal talks between the two companies fell ...

As things stand, it is no wonder that fintechs have been shopping around to acquire an NBFC licence. Cred acquired Parfait Finance in Novem...

The Walmart-owned digital payments major is looking to strike a commercial agreement and may pay $8 million to ZestMoney for the licensing ...

According to sources privy to the developments, lapses in due diligence, disagreements over valuation, sustainability of the business and s...

This comes amid a global reset in the BNPL sector, fuelled by interest rate hikes and an overall squeeze in consumer spending. ZestMoney ha...

The company will list on Indian stock exchanges as opposed to many startups that prefer to incorporate overseas, primarily Singapore or the...

About 12 months ago, PhonePe had under 800,000 businesses on its platform, today it has over 5.8 million.

The engineering division of the company, which was under Garikipati, will now report directly to Krishnamurthy.