This new platform will offer services such as Flipkart UPI on its shopping app, recharge and bill payments, insurance, Buy-now-pay-later facility, EMIs, gift cards and co-branded credit cards.
The digital payments firm expects ₹3,600 crore worth of disbursements in 2024-25 on an annualised basis.
PhonePe users will now have access to lending solutions directly within the PhonePe app.
Both parties have agreed to withdraw all oppositions in the trademark registry, facilitating the registration of their respective marks.
As investors start looking closely at company bottom lines, the long list of start-up IPOs will have a tough time convincing investors.
PhonePe says 45% of the users of this indigenous app store come from Tier 2 cities.
Developers are desperate for an alternative, says PhonePe founder and CEO Sameer Nigam.
Trying to cash in on crisis at rival Paytm Payments Bank, Pine Labs delivers a message with digital ad campaign, proclaiming, ‘The front page can be bought. Trust cannot’
Investor focus on quality companies driven by caution and scalability.
PhonePe's revenue growth was driven by the launch and scale-up of new products.
