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Flipkart partially spins off PhonePe in $700M fundraising round

E-commerce major Flipkart announced a "partial spin-off" of PhonePe as the digital payment firm raises $700 million in funding - valuing it at $5.5...

Amazon Inc infuses Rs 700 crore into Amazon Pay

In a major development, Amazon has infused over Rs 700 crore into Amazon Pay – its payments unit in India. Amazon Pay competes with the...

PhonePe to digitse over 2.5 cr small merchants

To boost the digitization, Flipkart-owned PhonePe said it will enable digital payments for over 2.5 crore small merchants or 'kiranas' across India. The company...

PhonePe receives $82.5 Mn Funds Infusion

Digital payments platform PhonePe has announced that it has received USD 82.5 Million from its parent Phone Pe Private Ltd. The company informed in a...