PhonePe is Digital payments platform founded by Sameer Nigam & Rahul Chari in 2015. It offers UPI-based payments service alongwith wealth management products. The key investor in PhonePe is Flipkart.

Latest News

PhonePe Exclusive

PhonePe receives Rs 586 Cr from its Singapore parent entity

Digital payments firm PhonePe has received $82.5 million (Rs 585.66 crore) from its Singapore-based parent PhonePe Private Ltd, as the competition within the space intensifies. …

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PhonePe Fintrackr

PhonePe spent Rs 2,150 Cr to earn Rs 184 Cr operational revenue in FY19

Digital payments in India is a high burn game and all players have been bleeding profoundly. For instance, Paytm’s payments vertical had posted a loss …

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PhonePe Exclusive

Exclusive: PhonePe rakes in Rs 405 Cr from Singapore’s holding entity

Digital payments space in India has been going through intense competition over the past two years. The trio – Paytm, Google Pay and PhonePe have …

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Company Details

Company Name: Phonepe
Founder/s: Sameer Nigam & Rahul Chari
Industry: Fintech
Investment Raised: $291 Millions
Headquarter: Bengaluru
Year of Incorporation: 2015
Investors Name: Flipkart
Reference Website: https://www.phonepe.com/en/

Company Financials

Snippets

PhonePe

Merchants on PhonePe to become ATM for its users

UPI payments service PhonePe has launched its latest feature as a pilot in Delhi NCR where users can now transfer money to a merchant via …

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PhonePe

PhonePe to extend UPI handle to avoid cases of transaction declines

Digital payments company PhonePe has been mandated by the National Payments Corporation of India (NPCI) to add another banking partner for its Unified Payments Service …

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PhonePe

PhonePe likely to raise $1 Bn funding at $7-8 Bn valuation

PhonePe is in talks to raise around $1 billion from investors like Tencent and Tiger Global. The company is planning to increase its valuation to …

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RBI Vodafone m-pesa

RBI imposes penalties on m-pesa, PhonePe and others

RBI has imposed penalties on five prepaid payment instrument (PPI) issuers for violation of regulatory norms. A penalty of Rs 3.05 crore has been imposed …

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PhonePe

PhonePe crosses 2 billion transanctions on app

Digital Payment major PhonePe claims that they have crossed 2 billion digital transactions on the mobile application and has achieved annual run-rate of $70 billion …

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