An initial public offering for Walmart’s Flipkart marketplace and digital payments platform Phonepe could take several years, a Walmart executive said. “This is something we’re thinking about over the next few years,” Dan Bartlett, Walmart’s vice president of operations, said late Thursday on the sidelines of a shareholder meeting near the company’s headquarters in Bentonville, … Read more
The National Payments Corporation of India (NPCI), the government agency that manages the Unified Payments Interface (UPI), has reportedly held a meeting to discuss ways to empower new players in the UPI ecosystem. According to a report in Economic Times, several new third-party payment apps on UPI are being promoted by NPCI to attract investments … Read more
PhonePe users traveling to the United Arab Emirates (UAE) can now pay via the PhonePe app at Neopay Mashreq terminals in retail stores, restaurants, tourist attractions and entertainment venues. The exchange rate will be displayed during the transaction and the account will be debited in INR. In addition to Indians traveling to the UAE, non-resident … Read more
PhonePe, India’s leading digital payments platform, is expanding its shopping app to compete with major e-commerce giants like Amazon and Flipkart. The company is making significant investments in its shopping app by introducing new features and product categories, and forming partnerships with more merchants to offer a broader range of products. PhonePe’s shopping app already … Read more
Indian Oil Corporation (IOC) has entered into partnership with payments platform, PhonePe. The first-of-its-kind partnership is for adoption of indigenously designed Point of Sale (POS) device at IOC retail outlets. As part of this partnership, customers can pay using Unified Payments Interface (UPI), Credit and Debit cards, PhonePe wallet and other external wallets like Jio … Read more
