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The dispute for the 'Pe' suffix between BharatPe and PhonePe has heated up, with the former knocking on the doors of Delhi High Court with a fresh suit to revoke PhonePe's trademark registrations.
BharatPe has filed six cancellation actions against multiple registrations held by PhonePe for the “Pe” device mark.
PhonePe has become the first in the country to begin charging for mobile recharges. The digital payment app has begun levying processing fees ranging from Re. 1 to Rs. 2 per transaction for mobile charges above Rs. 50.
Recharges below INR 50 are not charged, while recharges between INR 50-100 are charged INR 1 and those above INR 100 are charged INR 2
PhonePe gets Rs 150 cr in funding; plans to raise over Rs 5,000 cr PhonePe Pvt Ltd, Singapore (formerly Flipkart Payments Pvt Ltd) was allotted 198,755 shares and the total amount paid was Rs 150,00,03,985, according to documents sourced by business intelligence platform Tofler PTI | December 15, 2020 | Updated 08:10 IST PhonePe has crossed the 250-million registered users milestone, with over 100 million monthly active users (MAU) generating nearly 1 billion digital payment transactions in October 2020 Fintech major PhonePe has received about Rs 150 crore from PhonePe Pvt Ltd, Singapore in ...