Post by Sandeep Raiza

Flipkart co-founder Binny Bansal has stepped down from PhonePe’s board of directors, three quarters after making a similar move at the e-commerce giant. Bengaluru-headquartered PhonePe said it had appointed Manish Sabharwal, an executive at staffing and…

Digital payments platform PhonePe said on Tuesday it received in-principle approval from the ​UAE central bank for two licenses covering ‌retail payment services, card schemes, and stored value facilities.

PhonePe and Google Pay command 80% of India's UPI instant payments network. Rivals are set to meet with regulators to lobby for restrictions.

Walmart-backed Indian fintech firm PhonePe has temporarily paused plans for an initial public offering, citing geopolitical ​tensions and volatility in global capital markets, the company said ‌on Monday.

The UAE fintech industry is projected to nearly double by 2029, after drawing in a third of all startup funding in the country in 2024.

Walmart-backed fintech firm PhonePe has filed for an initial public offering via the confidential route, the company's spokesperson said on Wednesday.

PhonePe has shut down its Pincode app over two years after its debut.

India has once again pushed back a contentious plan to limit big technology companies’ control of the nation’s digital payments system, extending a regulatory uncertainty that has weighed on the sector for years. The National Payments Corporation of India…

PhonePe has paused its planned IPO, delaying a major liquidity event for investors including Tiger Global and Microsoft.

Cloud kitchen platform Curefoods has postponed its Rs 800 crore IPO plans after Sebi approval, as mutual funds resisted its Rs 4,000 crore valuation. The company, facing market headwinds for loss-making new-age firms, aims to relist next year if market condit…

Sept 24 : Digital payments platform PhonePe said on Thursday it plans to hire 20,000 additional on-roll sales employees over the next year as part of a push to expand its merchant network into India's smaller towns and villages.Here are some more details: • The Walmart-backed company plans to depl

An Indian parliamentary panel has urged the government to support the growth of domestic fintech players that can provide alternatives to the Walmart-backed PhonePe and Google Pay apps that currently command more than 83% of the country’s fast-growing…

India is facing a quandary in enforcing long-delayed rules to curb the dominance of PhonePe and Google Pay in the country’s booming digital UPI payments market. The National Payments Corporation of India (NPCI), a special unit of the central bank, wants…

India’s PhonePe has secured in-principle approval from the Central Bank of the UAE for two payment licences, opening the way for the country’s largest UPI platform by transaction volume to establish its first locally regulated international payments business. The approvals cover Retail Payment Services and Card Schemes and Stored Value Facilities, following initial regulatory due […] The post PhonePe Enters UAE Payments Race With Central Bank Approval appeared first on The Middle East Observer.

Sept 24 : Digital payments platform PhonePe said on Thursday it plans to hire 20,000 additional on-roll sales employees over the next year as part of a push to expand its merchant network into India's smaller towns and villages.Here are some more details: • The Walmart-backed company plans to depl

Walmart-backed Indian payments firm PhonePe has received regulatory approval for its stock market listing after confidentially filing for an initial public offering in September, two sources familiar with the matter said on Tuesday.