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PHONEPE LENDING BUSINESS
Japan’s MUFG readies $250 million India fund as investor mix shifts in startup fundingJapan's MUFG is launching a significant $250 million fund for Indian startups. This new fund will focus on early and growth-stage companies...
UGRO Capital is ditching low-yield lending; founder on plan to triple returns by FY29UGRO Capital has halted new loans in its low-yield, DSA-led book, a strategic pivot aimed at boosting profitability. This move, involving s...
Haitong sees 26% upside in Paytm. Lists 4 reasons for buying the dipsHaitong has initiated a coverage on One 97 Communication (Paytm) with an ‘Outperform’ rating for a target of Rs 1,410, implying an upside o...
PhonePe takes its diversification to Dalal StreetPayments still power scale. But its updated draft red herring prospectus (UDRHP) shows that PhonePe’s monetisation story lies elsewhere.
Paytm ahead in merchant payments, PhonePe leads consumer play: Bernstein reportThe two companies’ payment margins are similar if PhonePe’s P2P volumes are adjusted for, showing that both are at nearly the same level wi...
PhonePe's Pincode to focus exclusively on B2B business solutions for merchantsPhonePe's Pincode is embracing a transformative shift by putting all its chips on B2B business solutions for offline stores. This decisive ...
How PhonePe is redefining fintech excellence through culture and complianceWhile others chase valuations, this payments giant is prioritising inclusion, governance structures, and workplace values.
The tech bets that are making PhonePe unstoppablePhonepe News: As PhonePe heads toward a reported $1.5 billion IPO following a confidential DRHP and robust FY25 results, here’s a look at t...
PhonePe gets RBI nod to operate as online payment aggregatorThis will allow the Walmart-owned company to expand its presence among online merchants, especially small and medium enterprises (SMEs), it...
SMFG India Credit and PhonePe partner to launch loans for micro-merchantsSMFG India Credit has partnered with PhonePe to provide collateral-free Merchant Cash Advance loans to registered merchants, particularly t...
PhonePe’s 5% dilemma: Payments still dominate revenue as it gets IPO-readyPhonePe, backed by Walmart, is preparing for an IPO. The company's revenue heavily depends on its payments business. Financial services con...
IPO-bound PhonePe set to hire Amit Doshi as CMORohan Misra, son of former SoftBank Vision Fund chief executive Rajeev Misra, is launching his own fund, Gravity Holdings. The London-based...
PhonePe poured bulk of Rs 800 crore investments into insurance businessThe infusion of Rs 426 crore to PhonePe Insurance Broking Services points to the payment company's bullish bet on the segment. PhonePe has ...
PhonePe beefs up board with former revenue secretary, two Walmart executivesPhonePe, the Walmart-backed digital payments major, has strengthened its board of directors with the induction of Tarun Bajaj, former reven...
PhonePe appoints Ritesh Pai as CEO of international payments businessPrior to this, Pai was working with cross-border payments firm Terrapay and was based in Dubai. At TerraPay, Pai was responsible for launch...
PhonePe crosses 500 million registered users, alters top deckThe digital payments major has elevated a bunch of its business heads to the position of CEO for each of the business verticals
PhonePe FY23 revenues rise 77% to Rs 2,914 crore; payments business eyes operating profitThe company says the growth was driven by market expansion, leadership in the digital payments market, and the launch and scale-up of produ...
PhonePe taps merchants in big lending pushAfter its planned acquisition of ZestMoney fell through, PhonePe is focussing on merchant lending. After a pilot with some 20,000 disbursed...
ETtech Exclusive: PhonePe may waive off ZestMoney’s $18 million debt after failed acquisitionThe Walmart-owned digital payments major is looking to strike a commercial agreement and may pay $8 million to ZestMoney for the licensing ...
How Flipkart's PhonePe plans to become a major financial services playerAbout 12 months ago, PhonePe had under 800,000 businesses on its platform, today it has over 5.8 million.