PhonePe - News, Articles & Research

Company announcement/security

PhonePe unveils device tokenization

PhonePe, today announced the launch of a device tokenization solution for Credit and Debit cards.

17 February 2025

India delays UPI market share cap deadline

India has postponed the roll out of a cap that would limit the market share of third party app providers using the country's Unified Payments Interface (UPI).

13 January 2025

Company announcement/retail

PhonePe moves into secured lending

PhonePe, today expanded its loan distribution offerings with the launch of secured lending products on its platform.

30 May 2024

Company announcement/payments

PhonePe partners LankaPay on UPI payment acceptance in Sri Lanka

PhonePe, today announced that it has enabled UPI payment acceptance in collaboration with LankaPay across LankaQR merchant points at a grand event held in Colombo.

17 May 2024

News/payments

PhonePe raises a further $100 million

Indian mobile payments company PhonePe has raised a further $100 million in an ambitious attempt to complete an ongoing $1 billion financing round.

12 April 2023

News/payments

PhonePe backs out of ZestMoney acquisition - report

Walmart-backed Indian mobile payments giant PhonePe has ditched a planned acquisition of BNPL player ZestMoney over due diligence concerns, according to the Economic Times.

03 April 2023

News/payments

Walmart invests $200m in Indian fintech PhonePe

Indian mobile payments company PhonePe has secured $200 million in primary capital from US retail giant Walmart.

17 March 2023

News/payments

India's PhonePe raises $100m at $12bn valuation

Weeks after a $350 million raise, Indian digital payment platform PhonePe has secured another $100 million in funding at a $12 billion valuation.

15 February 2023

News/payments

General Atlantic splashes $350 million on Phone Pe

Indian digital payments platform Phone Pe has raised $350 million in funding from General Atlantic at a pre-money valuation of $12 billion

23 January 2023

Company announcement/security

PhonePe to tokenise cards on Visa, Mastercard and Rupay

PhonePe, India’s leading digital payments platform, today announced that it has become the first payments platform to tokenise cards on all 3 major payment networks - Visa, Mastercard & Rupay.

16 December 2021

Company announcement/payments

PhonePe launches interactive website to capture Indian digital payments trends

PhonePe, India’s leading fintech platform, today announced the launch of PhonePe Pulse, India’s first interactive website with data, insights and trends on digital payments in the country. The PhonePe Pulse website showcases more than 2000+ Crore transactions by consumers on an interactive map of India. With over 45% market share, PhonePe’s data is representative of the country’s digital payment habits.

06 September 2021

Company announcement/payments

PhonePe opens transactional data firehose

The Indian digital payments story has truly captured the world’s imagination.

03 September 2021