PhonePe Updates

[Sushubh]

Walmart Phonepe news: Govt may land $1 billion in taxes from PhonePe’s India shift, new raise - The Economic Times

This is due a long-term capital gains tax payout that will be made to the government as PhonePe is raising fresh capital from investors at a higher valuation

economictimes.indiatimes.com

 

[Sushubh]

PhonePe-ZestMoney deal called off due to diligence concerns

The deal between Walmart-backed PhonePe and Zest Money is off. The company's board and investors were made privy to the development over the last few days

www.livemint.com

 

[Smh]

PhonePe launches UPI Lite for smaller payments, two months after Paytm

Users can instantly activate the UPI feature on their PhonePe app through a simple process that does not involve any KYC (know your customer) authentication and also create a UPI Lite account

www.moneycontrol.com

 

[Sushubh]

PhonePe launches Credit Line on UPI

The option will allow consumers to link their pre-approved credit line to UPI on PhonePe.

yourstory.com

 

[Sushubh]

PhonePe captures 50% UPI market share by value in August

PhonePe has captured over 50% of the market share in UPI transaction volume as of August, according to data from the NPCI.

entrackr.com

 

[Sushubh]

PhonePe complains to High Court: Telegram is causing us financial loss - Times of India

TECH NEWS : The Madras High Court has ordered Telegram to block and remove channels impersonating PhonePe to defraud users. PhonePe, a digital payments platform,

timesofindia.indiatimes.com

 

[Sushubh]

“Pe” Is Commonly Used Word In Payment Services Industry: Madras High Court Dismisses PhonePe's Trademark Infringement Suit

The Madras High Court recently dismissed a suit filed by PhonePe to declare its mark as a well known trademark and to grant permanent injunction against “BundlePe” and “LatePe”. Justice P...

www.livelaw.in

 

[Sushubh]

PhonePe Group exits Account Aggregator business

According to the company, it will surrender its NBFC-AA license to the RBI and has initiated the wind-down of its account aggregator operations.

entrackr.com

 

[Sushubh]

So, does this app now has screenfull of ads after a payment is made? Or the phone where I saw the ads has some kind of an issue lol. It's crazy, I made a payment and PhonePe just loaded a scrolling full screen of ads.

 

[Sushubh]

PhonePe goes live with UPI Circle: What it is and how to use the feature - CNBC TV18

UPI Circle lets users create a circle of trusted individuals, such as family members or close friends. A primary user can add secondary users to this circle by sharing their UPI ID or QR code.

www.cnbctv18.com