What If You Could Get Medicines Delivered in 10 Minutes – Any Time of Day?
Imagine it’s 2:47 AM. You’re burning up with a fever. The nearest chemist is closed. You check your usual pharmacy app – 4-hour delivery. Not fast enough.
Now, imagine hitting one button on your phone and getting the meds at your doorstep in just 10 minutes.
Sounds unreal, right? Well, it’s not.PhonePe’s new…
UPI Hits Record 16.73 Billion Transactions in December – What’s Driving the Growth?
In a remarkable feat for India’s digital payments system, Unified Payments Interface (UPI) transactions soared to an all-time high in December 2024. The total number of UPI transactions reached a staggering 16.73 billion, marking an 8.08% increase from the previous month’s 15.48 billion transactions.
This…
Introduction: PhonePe’s Bold Move to Discontinue Third-Party Partnership with Juspay
PhonePe, one of India’s leading digital payments platforms, has announced it will end its partnership with Juspay, a payment orchestration platform. This decision is a part of PhonePe’s strategy to directly offer payment solutions to its vast network of merchants. As a result, PhonePe will now handle the…
Introduction to the New Feature
UPI payments giant PhonePe has teamed up with Jar, a micro-savings platform, to unveil an innovative feature called “Daily Savings” within its app. This new offering enables users to invest in 24K digital gold through daily contributions, with amounts ranging from as little as Rs 10 to Rs 5,000.
Aiming for Consistent Savings
The “Daily Savings” feature is…
PhonePe, the Walmart-backed fintech giant, has announced a significant milestone by turning profitable for the fiscal year 2024, excluding costs related to employee stock options (ESOPs). The company reported a profit after tax (PAT) of ₹197 crore, excluding ESOP expenses, marking a dramatic turnaround from a loss of ₹738 crore in FY23.
In a statement released on Monday, PhonePe highlighted…
PhonePe Unveils ‘Credit Line on UPI’ Feature, Enabling Short-Term Credit for Merchant Transactions
PhonePe, a leading digital payments platform, has launched a groundbreaking feature called ‘Credit Line on UPI,’ expanding the capabilities of the Unified Payments Interface (UPI) to include short-term credit options for both consumers and merchants. This innovation follows the Reserve Bank…
In the dynamic realm of fintech, Sameer Nigam emerges as a pivotal figure reshaping the landscape of digital finance with PhonePe, a trailblazing platform that has redefined financial transactions across India and beyond. Armed with a profound blend of business acumen from Wharton Business School and technical expertise honed at the University of Arizona, Nigam, alongside his co-founders Rahul…
PhonePe and Google Pay keep on driving the UPI biological system in November with PhonePe, the Walmart-claimed organization supporting its lead of the beyond 11 months.
PhonePe has enrolled 1,911.21 million transactions somewhat recently adding up to Rs 3,65,044.32 crore followed by Google Pay’s 1,447.84 million worth Rs 2,83,357.99 crore, information delivered by the National Payments…
Indiagold, a gold-centric lending startup, has scooped up $12 million in its Series A round led by Prosus-owned PayU and Alpha Wave Incubation. Better Tomorrow Ventures, 3one4 Capital, Rainmatter Capital and Leo Capital additionally participated in the round.
The organization, which operates in NCR, will expand its offerings to around 10 cities before the end of the monetary year.
While the…
PhonePe has been ruling the the overall industry in the Unified Payment Interface (UPI) environment at shaft position. A $350 million raise support from new and existing financial backers should assist with keeping up with that strength.
Round Announced Last Year
This is the first raise support for the Bengaluru-based organization in 2021 and is important for a $700 million round which it reported…
