Brand Updates

 
Flipkart-owned PhonePe receives Rs 585.6 cr infusion from parent firm

Tuesday, December 10, 2019, 6:00 PM

Flipkart-owned PhonePe receives Rs 585.6 cr infusion from parent firm

Flipkart-owned digital payments company PhonePe has received a fund infusion of about Rs 585.66 crore from its parent firm in another round, according to regulatory filings. PhonePe Pvt Ltd, Singapore, (formerly Flipkart Payments Pvt Ltd) was allotted 13,81,278 shares and the total amount paid was Rs 585,66,18,720, according to documents sourced by business intelligence platform Tofler. The company declined to comment on the fund infusion. In July this year, PhonePe had received a fund infusion of about Rs 698 crore from its parent firm. The latest fund infusion is expected to provide PhonePe more muscle to compete in the burgeoning payments segment in India. It competes against the likes of Paytm, Google Pay, Amazon Pay and others in this space.

Blog

 
PhonePe asks its customers to stay safe from frauds

Wednesday, October 23, 2019, 12:00 AM

PhonePe asks its customers to stay safe from frauds

PhonePe asks its customers to stay safe from frauds PhonePe is an Indian e-commerce payment syste ...

Blog

 
This Is How RBI has Made e-wallets Safer

Thursday, February 21, 2019, 5:43 PM

This Is How RBI has Made e-wallets Safer

E-wallet which is also known as a mobile wallet, is a digital version of the physical wallet, which allows users make electronic transactions. There a ...

Blog

 
Lost Money from Mobile Wallet? See what new RBI rules say

Wednesday, January 9, 2019, 6:31 PM

Lost Money from Mobile Wallet? See what new RBI rules say

Lost Money From Mobile Wallet? See What New RBI Rules Say Mobile wallets like Paytm, PhonePe and ...

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