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PhonePe: PhonePe poured bulk of past year's investments into insurance business

The infusion of Rs 426 crore to PhonePe Insurance Broking Services points to the payment company's bullish bet on the segment. PhonePe has infused more than Rs 1,000 crore as equity investment in its insurance unit since it was licensed, according to information sourced from the Registrar of Companies.

India , Vivek-lohcheb , Ujjwal-jain , Vishal-gupta , Network-for-digital-commerce , Walmart , Pincode-shopping-solutions , Phonepe-insurance-broking-services , Registrar-of-companies , Offering-college , Walmart-owned-phonepe , Tech-prowess

PhonePe Poured Bulk of Past Yr's Investments into Insurance Biz

Walmart-owned PhonePe has invested over ₹800 crore in its subsidiaries in the last year to grow businesses ranging from insurance broking to wealth management and hyperlocal ecommerce, regulatory filings show.

Pincode-shopping-solutions , Phonepe-insurance-broking-services , Registrar-of-companies , Network-for-digital-commerce , Walmart-owned-phonepe , Phonepe-wealth , Pincode-shopping , Open-network , Phonepe-insurance ,

Whither atmanirbhar payments?

Whither atmanirbhar payments?
financialexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialexpress.com Daily Mail and Mail on Sunday newspapers.

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Flipkart's UPI off to a flying start in March

Flipkart has around 500 million users and the company does around five million orders in a day. If a third of these orders start using Flipkart’s UPI, it is likely to do 50 million transactions in a month.

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Sachin Bansal's Navi starts offering cashbacks for UPI payments as it looks to expand financial services

Navi's market share is a drop in the ocean compared to market leader PhonePe's 50%. Incidentally, Flipkart, which was cofounded by Bansal, and from which PhonePe was spun off in 2020, waded into the UPI business last month

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PM Modi, Bill Gates discuss AI, India's key role in tech | Latest News India

Prime Minister Narendra Modi said that health, agriculture and education are the focus areas for digital governance, and that he has been working to ensure that digital divide does not plague India | Latest News India

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Tiger Global, SoftBank set to end funding winter with $300 million round in Meesho

Meesho is in the process of flipping its base back to India from Delaware and a bulk of the fresh capital will be used to pay the relevant taxes ahead of a planned IPO, according to sources.

Singapore , India , Delaware , United-states , United-kingdom , Scott-shleifer , Sanjeev-barnwal , Dhiresh-bansal , Facebook , Softbank , Walmart , Vidit-aatrey

Google Pay, PhonePe get better grip on UPI market, companies seek to end free UPI transactions and charge…

The companies believed that merchant discount rates (MDRs), similar to credit cards, may be required for long-term sustainability.

India , Parijat-garg , Google-pay , Walmart-owned-phonepe ,

National Payments Corporation of India's growing clout: How NPCI is setting itself up to conquer the globe

National Payments Corporation of India (NPCI), after conquering the Indian market, has set its sights on challenging global payments giants Mastercard and Visa. Plus, it is making a big play in the global remittances space - Issue Date: Mar 03, 2024

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