PhonePe
PhonePe Journey
PhonePe's Founder and History
PhonePe is one of these Fintech - Payments platforms which was founded on December, 2015 by a group of three peoples who are Rahul Chari, Sameer Nigam and Burzin Engineer.
These all associated with computer science or information technology and maximum participated equally for its development.
Since launching the United Payments Interface (UPI) in India lot of financial services players come to industry.
These players offers their different platforms which is totally based on (UPI).
An the transaction done by these platforms are totally based on unified payments interface, PhonePe is one of them.
PhonePe Headquarter
It is a digital payments platform with a headquarter at Bengaluru, Karnataka, India.
PhonePe's is a subsidiary company of one of the largest retail giant of United States (Walmart). Walmart is also a parent company of Flipkart.
With introducing of Unified payments interface (UPI) in India, the number of digital transactions increased rapidly and platform or digital payment systems like PhonePe's get a huge success and become popular among users in very sort of time.
It not only used by websites or application owners for receiving digital payments.
But also it used by lot of Indian users to do digital payments at retail shops or other shops.
This is the reason that become a key factor of PhonePe success with in a sort time.
PhonePe Unicorn Status
Venture Intelligence reported that PhonePe's achieved a status of unicorn after 5 years of its launching.
It become a unicorn of India in December, 2020 with the entry level valuation of 5.5 billion dollars,.
Its valuation increased up to 12 billion dollars after the last round of funding.
PhonePe Investors
Tiger Global and Tencent are the key peoples behind the investment in PhonePe.
It expected that in near future the valuation of PhonePe's will going to increased due to the regular growth and the rapidly increasing payments in India.
Currently PhonePe operating its services as publicly listed company.
It means its shares are opened for general public, and anyone can buy and sell its shares publicly through verity of share or debentures buying or selling platforms like Angle One, Upstox, Grow and so on.
Flipkart and PhonePe Near Profitability: Walmart CFO Optimistic
Flipkart and PhonePe, two major players in the Indian e-commerce and fintech sectors, are showing promising signs of profitability. According to Walmart CFO, improving losses and substantial growth in payment volumes are giving Walmart a lot of confidence in their financial future. This article delves into the financial outlook and strategic advancements of Flipkart and […]
ixigo Expands Partnership with PhonePe: Flight and Bus Bookings
In recent developments, ixigo Expands Partnership with PhonePe which is a leading digital payments platform in India. This strategic move aims to offer PhonePe users seamless access to a wider array of travel booking services directly through the PhonePe app. Introduction to the Partnership The expanded partnership between ixigo and PhonePe marks a significant milestone […]
PhonePe Launches Indus Appstore: Revolutionize App Distribution
Recently PhonePe Launches Indus Appstore which help it to expand its ecosystem in the industry. The company is now in discussions with smartphone manufacturers to pre-install the Indus Appstore on their devices. This move aims to boost the reach and accessibility of the app marketplace, positioning it as a formidable competitor in the app distribution […]
Volt Money Partners PhonePe for Mutual Fund Loans Revolution
Volt Money partners with PhonePe to offer mutual fund loans, enhancing financial inclusion and accessibility for millions of users. In a groundbreaking move towards financial empowerment and accessibility, Volt Money has forged a strategic partnership with PhonePe, a leading digital payments platform in India. This collaboration marks a significant milestone in the realm of financial […]
PhonePe & PickMe: Seamless Payments for Indian Travellers
PhonePe, a leading digital payments platform in India, has recently joined hands with PickMe, the largest ride-hailing service provider in Sri Lanka. This partnership aims to offer Indian travelers a convenient and secure way to make online payments for hailing rides while visiting the neighboring country. By expanding its international presence through this collaboration, PhonePe […]