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PHONEPE MERCHANT LOANS
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...
PhonePe IPO at $15 billion: Can the marquee valuation trigger a re-rating for its rival Paytm?PhonePe’s proposed IPO at a $13–15 billion valuation could become a landmark fintech listing in India and may trigger a valuation re-rating...
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.
PhonePe’s IPO gamble: Can UPI dominance finally pay off?Fintech giant PhonePe is preparing for its public listing. Its massive scale in UPI payments is a key strength. The company is now focused ...
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...
PhonePe eyes South East Asia, Middle East for its global foraySources told us that PhonePe is looking to set up local subsidiaries in these geographies, apply for a payment licence, and offer domestic ...
PhonePe is set to launch consumer lending by January 2024To begin with, the Walmart backed company will work as a distributor for personal loans, as it slowly builds up credit underwriting heft. T...
ZestMoney raises fresh capital from existing investorsAfter a proposed acquisition deal with PhonePe fell through and its founders moved on, this round could be a lifeline for the pay-later sta...
PhonePe goes live with merchant loans; Government probing Byju’sAfter its failed ZestMoney acquisition, PhonePe is kickstarting its credit journey with merchant lending.
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...
PhonePe chalks up further $100 million from General Atlantic; more expectedPrivate equity, co-investors have infused $450 m in ongoing fundraise, may go up to $600m
Paytm complains to NPCI on Cred’s UPI gamblePaytm, owned by One97 Communications Ltd, has been pushing to grow its offline acceptance network over the past few years and create its ow...
Scoop: PhonePe may buy BNPL startup ZestMoney in big consolidation moveThis comes amid a global reset in the BNPL sector, fuelled by interest rate hikes and an overall squeeze in consumer spending. ZestMoney ha...
Contactless payments, digital loans make kiranas open doors to fintechTop fintech companies are, therefore, rushing to tap into this new consumer trend, with several of them offering digital solutions to small...
Paytm takes a dig on PhonePe over Yes Bank restrictions"Inviting you to @PaytmBank #UPI platform. It already has huge adoption and can seamlessly scale manifold to handle your business. Let's ge...
After boom in digital pay, await consolidation in ’18With consolidation in digi-payment space as well as the entry of new disruptors with global reach and government support, this year may mar...