PhonePe
Digital payments in India touch Rs 38.3 lakh cr at over 23 bn transactions
At the top, the UPI clocked over 19.65 billion transactions in volume and Rs 32.5 lakh crore in terms of value. The UPI transactions volume and value almost doubled since last year as it recorded about an 88 per cent increase in volume and over 71 per cent increase in value in Q3 as compared to the same quarter last year, according to Worldline India's 'Digital Payments Report' for the third quarter.
UPI payment apps may impose transaction limit
Soon users may not be able to make unlimited payments via UPI payment apps. The National Payments Corporation of India (NPCI), which operates the UPI digital pipeline, is in discussions with the Reserve Bank about implementing its proposed December 31 deadline for limiting player volume to 30 per cent.
PhonePe reaches amicable settlement with Affle Global to acquire OSLabs
PhonePe, AGPL Pte. Ltd. and OSLabs Pte. Ltd. have reached an amicable settlement in the matter, with PhonePe acquiring AGPL's entire stake at a premium. The closure of this deal allows PhonePe to pursue its stated vision of building a homegrown horizontal, local Appstore, while AGPL gets a premium on its original investment.
PhonePe offers cashback on gold, silver purchases via its app
Users can buy the highest purity 24K gold through the app and choose to either accumulate it in bank grade insured lockers with zero hassle of storage or making charges or get delivery in the form of gold coins or bars from a wide range of design options.
PhonePe, NITI Aayog team up to launch fintech open hackathon
The Hackathon will provide an opportunity for innovators, digital creators and developers from all over India to think, ideate and code. Winning teams stand to win exciting cash prizes worth Rs 5 lakhs, the platform said in a statement. Participants at the hackathon need to use any open-data APIs like PhonePe Pulse along with frameworks.
PhonePe 'SafeCard' enables businesses to implement tokenisation easily
This solution is in compliance with the recent RBI guidelines. PhonePe SafeCard enables businesses to offer tokenisation on their own platforms via a simple API integration. With this solution, businesses can create, process, delete and modify tokens for online card payments with a customers' consent, the company said in a statement.
PhonePe acquires homegrown Indus App Bazaar for Rs 438 crores
PhonePe launched the Switch platform in 2018 and today, its customers can place orders on over 300 apps including Ola, Swiggy, Myntra, IRCTC, Goibibo, RedBus etc. directly from within the PhonePe mobile app. PhonePe is accepted at over 17.5 million merchant outlets across 500 cities nationally.
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