Latest Articles in PhonePe
Flipkart ESOP Holders To Receive $700mn Dividend In July For PhonePe Separation: Report
The payout for present Flipkart workers will take into account the total amount of vested and unvested granted options
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PhonePe Rolls Out Lending Service For Merchant
The news comes only months after the much-touted transaction between the fintech behemoth and buy-now-pay-later (BNPL) platform ZestMoney fell through
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Fintech Major PhonePe Launches Its Own Payment Gateway
PhonePe has received preliminary clearance for payment aggregator services and is awaiting RBI certification. It announced last week the debut of account aggregator services via its subsidiary, PhonePe Technology Services.
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Fintech Major PhonePe Launches Account Aggregator Services
The micro-app will allow users to register and create a new interoperable AA handle, where they can access their bank statements instantly
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Walmart's Stake In Digital Payments Platform PhonePe Drops To 85%
Walmart also contributed USD 200 million to the fintech's current investment in March. The funds are being raised at a USD 12 billion pre-money valuation
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ZestMoney's Co-founders Step Down Post PhonePe Cancels Acquisition Deal
According to media reports, Lizzie Chapman, Priya Sharma and Ashish Anantharaman, the founders of ZestMoney, informed employees about their decision on Monday
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PhonePe To Waive Off ZestMoney's $18 M Loan Against Buying Its Technology Stack: Report
After six months of due diligence raised concerns, PhonePe backed off from acquiring ZestMoney last month. The digital payment major was offering around USD 90 million in cash for the acquisition
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PhonePe To Launch Its App Store In India For Android
PhonePe has recently expanded outside its core payments industry, embracing other fintech areas such as insurance and investment. It recently ventured into ecommerce with the launch of its ONDC app, Pincode
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General Atlantic Infuses Additional $100 M In PhonePe
PhonePe intends to use the money to launch and expand new companies in areas including as insurance, wealth management, lending, stockbroking, ONDC-based shopping, and account aggregation
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Lending Platform ZestMoney To Lay Off 20% Of Its Workforce
According to media reports, PhonePe is looking to absorb as many as 200 employees from ZestMoney. PhonePe's decision to withdraw from the ZestMoney takeover transaction showed the strain in the BNPL industry
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