PhonePe becomes first Indian fintech to allow cross border UPI payments service

Founded in 2015 by Sameer Nigam, Rahul Chari, and Burzin Engineer in Bangalore, Phone Pe is an Indian Financial Technology Company.  It is a one-stop digital payments app that lets users receive and make payments, pay bills, recharge, shop, and invest. It allows using BHIM UPI, your credit card, and your debit card or wallet […]

Read More

Bangalore-based PhonePe’s revenue increases 2.4X in FY22, while its outstanding losses surpass $1 Bn

The unified payment interface, or UPI, the ecosystem has seen the rise of Walmart-owned PhonePe, which routinely dominates in terms of volume and value. Its scale, which more than doubled to reach Rs 1,646 crore during FY22, further demonstrates its dominance in UPI payments. However, even if more slowly, the number of unpaid losses has […]

Read More