Amazon deposits more money into Indian digital payments arm

Vijayakumar Pitchiah

Amazon Pay (India) Pvt. Ltd, the local digital payments arm of the global e-commerce major, has received a fresh funding infusion ....

17 July, 2018

PhonePe seals acquisition of PoS platform Zopper Retail

Anand J

PhonePe, the digital payments arm of homegrown e-commerce major Flipkart, on Monday announced the acquisition of Zopper Retail, ....

16 July, 2018
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After two pivots and a poke from Binny Bansal, Zopper is back in the game

Anand J

Russian billionaire Yuri Milner, whose investment firm DST Global has backed unicorns such as Ola, Swiggy and Flipkart, hosted ....

10 July, 2018

Exclusive: PhonePe all set to buy Zopper's PoS platform

Anand J & Dearton Thomas Hector

PhonePe, the digital payments arm of homegrown e-tailer Flipkart, is in advanced talks to acquire the Point of Sale software-as-a-service ....

6 July, 2018

PhonePe lost Rs 43 for each rupee in revenue for FY17

Dearton Thomas Hector

PhonePe Pvt. Ltd, the payments app owned by online retailer Flipkart, plunged deeper into the red for the financial year ended ....

6 June, 2018

Flipkart's PhonePe crosses 100 mn user mark, hits $20 bn in annualised transactions

Shweta Sharma

PhonePe Pvt. Ltd on Friday said it has crossed the 100 million user mark in just 21 months from launch, faster than any other ....

1 June, 2018
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Exclusive: M-commerce app Goodbox exiting 'non-core' ops, slashes headcount

Anand J

Nexus Ventures-backed Goodbox, an app that offers small and medium-sized businesses an e-commerce platform, has turned its attention ....

24 May, 2018

NPCI to run pilot on proximity payments, ropes in 3 startups

Anirban Ghoshal

Digital payments supervising body National Payments Corporation of India (NPCI) is running a pilot project on proximity-based ....

20 April, 2018

Flipkart invests $80 mn into payments arm PhonePe

Vijayakumar Pitchiah

Phonepe Pvt Ltd, the payment arm of homegrown e-commerce firm Flipkart, has received Rs 518.22 crore ($80 million) in a fresh ....

23 March, 2018

PhonePe takes issue with Paytm's claims of UPI dominance

Binu Paul

PhonePe, the payments app of e-commerce firm Flipkart, has termed digital payments firm Paytm’s claim of being the largest ....

9 March, 2018
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Where is Flipkart spending nearly $1 bn from last funding round?

Anand J

Flipkart is infusing nearly $1 billion in three units in India to take on global giant Amazon in the ecommerce market. Subsidiaries ....

3 March, 2018

Flipkart’s PhonePe posts steep rise in FY17 revenue

Dearton Thomas Hector

PhonePe Pvt. Ltd, the payments app owned by online retailer Flipkart, has recorded sharp growth in net sales for the financial ....

6 February, 2018

Amazon India integrates UPI into its mobile interfaces

Anirban Ghoshal

Online retailer Amazon.com, Inc.’s India arm said it has integrated into its mobile interfaces a governmental payment system ....

6 February, 2018

The Mobile Wallet acquires venture capital-backed payment platform Trupay

Anand J

Fintech firm The Mobile Wallet (TMW) has acquired payment platform Trupay for an undisclosed amount in a stock deal that will ....

30 January, 2018

The Mobile Wallet acquires venture capital-backed payment platform Trupay

Anand J

Fintech firm The Mobile Wallet (TMW) has acquired payment platform Trupay for an undisclosed amount in a stock deal that will ....

30 January, 2018

Flipkart-owned PhonePe in talks with PayPal to raise funds

Arti Singh

Flipkart-owned PhonePe is in talks to raise a significant amount of funding independently at a valuation of about $500 million ....

8 February, 2017

ICICI Bank allows UPI transactions through Flipkart's PhonePe

Dearton Thomas Hector

After weeks of confusion and a near-verbal spat between Flipkart's e-wallet PhonePe and ICICI Bank, the private sector lender ....

2 February, 2017

Flipkart COO Nitin Seth looks to 'bring back the DNA' by rehiring old hands

Manu P Toms

E-commerce major Flipkart, which has seen continuous churn at the top level for the last few quarters, is quietly working to ....

27 February, 2017

Flipkart's PhonePe lashes out at ICICI, accuses bank of 'flexing muscle'

Dearton Thomas Hector

The tussle between Flipkart's digital wallet PhonePe and ICICI Bank over the UPI payments issue has taken the form of a public ....

23 January, 2017

Flipkart halts UPI payments after NPCI reverses stand in ICICI-PhonePe tussle

Dearton Thomas Hector

Flipkart-owned PhonePe has halted payments through the unified payment interface (UPI) option on the e-commerce company's app ....

22 January, 2017

In U-turn, NPCI tells Flipkart's PhonePe to adhere to UPI norms

Dearton Thomas Hector

Making a U-turn in the tussle between private-sector lender ICICI Bank and Flipkart's digital wallet PhonePe, National Payments ....

20 January, 2017