Tag: PhonePe

PhonePe secures UAE central bank approval for two payment licences

September 22, 2026 admin

Upon securing final regulatory clearances, PhonePe plans to partner with regional banks, licensed payment service providers, and local technology vendors. File | Photo Credit: Reuters Fintech major PhonePe on Tuesday (September 22, 2026) announced that it has secured in-principle approval from the Central Bank of the UAE for two key operating licences, marking its first…

World

PhonePe’s FY26 revenue grows to ₹7,920 crore

July 25, 2026 admin

PhonePe also continues to receive strong corporate backing from major global institutional investors, with Walmart (via WM Digital Commerce Holdings Pte Ltd) retaining a dominant 73.33% stake. File | Photo Credit: The Hindu Demonstrating strong top-line momentum, PhonePe’s consolidated revenue from operations rose to ₹7,920 crore in FY26, according to regulatory filings with the Registrar…

Business

Walmart-backed PhonePe files confidential IPO

September 24, 2025 admin

Phonepe is part of other payment aggregators like MobiKwik which filed for IPO. File. | Photo Credit: K. Murali Kumar Walmart-backed payments aggregator PhonePe has filed for an Initial Public Offering, according to company spokesperson. “PhonePe Limited has filed the Pre-filed Draft Red Herring Prospectus with SEBI and the Stock Exchanges, under Chapter IIA of…

Business

PhonePe CEO Sameer Nigam Slams Karnataka’s Job Quota Bill

July 18, 2024 admin

Sameer Nigam argued that the bill was “unfair” to people like him New Delhi: PhonePe CEO and co-founder Sameer Nigam has opposed the Karnataka government’s private jobs quota bill, which aims to reserve a significant portion of jobs in the private sector for locals. In a post on X, Mr Nigam, who said he has…

Nation

PhonePe Partners With LankaPay, Launches UPI In Sri Lanka

May 15, 2024 admin

PhonePe Group has also expanded into financial services, consumer tech businesses (Representational) Colombo: PhonePe on Wednesday announced a partnership with LankaPay to allow its users to pay using UPI across Sri Lanka. At an event to mark the collaboration, PhonePe said its app users travelling to Sri Lanka can make payments using UPI across LankaPay…

Nation

India To Again Delay Caps On UPI Payments Market Share, Will Help PhonePe, Google Pay: Report

May 9, 2024 admin

Representational Image New Delhi: India will again delay caps on market share for a popular digital payments method, two sources told Reuters, benefiting Google Pay and Walmart-backed PhonePe as the authorities prioritise growth over concerns about market concentration. The National Payments Corporation of India (NPCI), the quasi-regulator, will extend by as much as two years…

Nation