Flipkart-owned PhonePe receives Rs 585.6 cr infusion from parent firm
PhonePe has seen its losses mount to Rs 1,904.72 crore in 2018-19 from a loss of Rs 791.03 crore for the year ended March 2018. However, its revenue from operations rose manifold to Rs 184.22 crore in 2018-19 as against Rs 42.79 crore a year ago.
PhonePe’s FY19 loss at Rs 1,907 crore
A key reason for the wider loss was higher employee cost and marketing spending that more than doubled.
PhonePe FY19 loss surges to Rs 1,905 crore
The company's losses stood at Rs 791.03 crore for the year ended March 2018, as per regulatory doc...
PhonePe in talks with ICICI Bank for UPI play
Even WhatsApp Payments, which is in beta testing stage, is working with four banks.
BSES customers can recharge prepaid meters via Paytm, PhonePe
Customers can now recharge their pre-paid meters online through e-wallets like Paytm and PhonePe and through the BSES mobile app and website, the discom said in a statement.
Walmart plans to spin off PhonePe from Flipkart
The proposed demerger will coincide with PhonePe's ongoing fund raising plan of about a billion dollar through primary and secondary sale of shares.
PhonePe, BharatPe move to high court over ‘Pe’
Both PhonePe and BharatPe are leading players on the Unified Payments Interface (UPI) platform.
Next big wave of technology Unicorn listings could be in India
Mohandas Pai said that liquidity and valuations shouldn’t be concerns for companies seeking to list, as the market is “flush with money” and India investors have shown a willingness to pay up for growth stocks.
Morgan Stanley values PhonePe at $7 billion
This is the first time Phone-Pe’s valuation is being put out formally amid talks of its fundraise.
PhonePe, Paytm have till February 2020 to update KYC
Industry body Payments Council of India hopes that the government would come up with a method that would enable mobile wallet users to avoid face-to-face verifications.
PhonePe clocks 335 million transactions in July
PhonePe’s TPV run-rate has grown nearly 5X in the past year, since crossing the $20Bn mark in June 2018.
Flipkart-owned PhonePe first non-bank to enable UPI-based IPO bidding
The overall customer base of UPI users is estimated to be more than 400 million.
DST may back PhonePe's $1 billion raise
PhonePe, which recently crossed 3-billion-transactions landmark on its platform, is believed to be looking at a valuation in the range of $8 -12 billion.
How Flipkart's PhonePe plans to become a major financial services player
About 12 months ago, PhonePe had under 800,000 businesses on its platform, today it has over 5.8 million.
PhonePe gets a Rs 698 crore topup from Singapore parent
Funding part of a $500m capital commitment made by Flipkart for its payments arm in 2017.
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