PhonePe

PayPal is shutting down domestic payments business in India

PayPal is shutting down its domestic business in India, less than four years after the American giant kickstarted local operations in the world’s second-largest internet market. “From 1 April 2021

India proposes social security benefits for gig workers in annual budget

India’s Finance Minister Nirmala Sitharaman proposed in the annual budget Monday a handful of benefits for the startup ecosystem and to accelerate the growth of digital services as the South Asian n

From India’s richest man to Amazon and 100s of startups: The great rush to win neighborhood stores

After spending more than a decade disrupting the neighborhood stores in the U.S. and several other markets, Amazon and Walmart are employing an unusual strategy in India to face off this competitor: F

PhonePe raises $700 million, becomes a separate entity

PhonePe, the crown jewel in Flipkart’s acquisition by Walmart, is “partially” spinning off, the Bangalore-based financial services firm said on Thursday. To kick off its new journey, the

India opens antitrust case against Google over its payments app

India’s antitrust watchdog has opened an investigation into Google for allegedly abusing the dominant position of its app store to promote its payments service in the world’s second largest intern

WhatsApp rolls out payments in India

WhatsApp, which began testing its payments service in India with 1 million users in early 2018, has finally started to expand the feature to more users in the world’s second largest internet mar

Google and Walmart face growth hurdles as India caps payments transactions

Google and Walmart have a new challenge ahead of them as they race to expand the reach of their payments apps in India: They won’t be permitted to grow beyond a certain limit. National Payments Corp

Walmart’s PhonePe zips past Google Pay in India as UPI tops 2B monthly transactions

UPI, a four-year-old payments infrastructure built by India’s largest banks, surpassed 2 billion transactions last month, exactly a year after hitting the 1 billion monthly transactions milestone. D

Thanks to Google, app store monopoly concerns have now reached India

Last week, as Epic Games, Facebook and Microsoft continued to express concerns about Apple’s “monopolistic” hold over what a billion people can download on their iPhones, a similar story unfolde

Google to offer loans to merchants in India

Google said on Thursday it plans to offer credit to millions of merchants in India through its Google Pay app starting later this year as the American technology group looks to help small businesses i

Google and Walmart establish dominance in India’s mobile payments market as WhatsApp Pay struggles to launch

In India, it’s Google and Walmart-owned PhonePe that are racing neck-and-neck to be the top player in the mobile payments market, while Facebook remains mired in a regulatory maze for WhatsApp P

India’s Khatabook raises $60 million to help merchants digitize bookkeeping and accept payments online

Khatabook, a startup that is helping small businesses in India record financial transactions digitally and accept payments online with an app, has raised $60 million in a new financing round as it loo