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Flipkart’s PhonePe launches UPI-based app

Mobile payments start-up PhonePe Internet Pvt. Ltd, owned by Flipkart, in partnership with private lender Yes Bank has recently launched unified payments interface (UPI) based payments app. PhonePe allows users to link their bank accounts securely to their smartphone using...

Flipkart acquires payments venture PhonePe

The e-commerce site Flipkart has bought mobile payments venture PhonePe. However, the value of transaction is yet to be ascertained. PhonePe was started in December last by former Flipkart employees, Sameer Nigam and Rahul Chari. At present, there are 15...
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FinTech major Intellect targets $30-35 million business with its new solutions by 2027

The new solutions launched are in the area of corporate procurement and accounts payable and are aimed at mid...
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