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Flipkart acquires PhonePe to strengthen payments business

Friday, April 1, 2016 | More »

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E-commerce giant Flipkart has acquired Bangalore-based mobile payments company PhonePe, its third acquisition in the payments solution space. PhonePe Internet Pvt Ltd, founded by former Flipkart employees Sameer Nigam and Rahul Chari last year, is building a payments solution based on the Unified Pa...