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PhonePe. PhonePe is an Indian digital payments and financial services company [5] headquartered in Bengaluru, Karnataka, India. [6] [7] PhonePe was founded in December 2015, [2] by Sameer Nigam, Rahul Chari and Burzin Engineer. [8] The PhonePe app, based on the Unified Payments Interface ( UPI ), went live in August 2016.
Unified Payments Interface (UPI) Unified Payments Interface, commonly referred to as UPI, is an Indian instant payment system as well as protocol developed by the National Payments Corporation of India (NPCI) in 2016. The interface facilitates inter-bank peer-to-peer (P2P) and person-to-merchant (P2M) transactions.
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PhonePe, one of the largest digital payments services in India, on Thursday launched Pulse, a free product to offer insights into how people in the world’s second-largest internet market are ...
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On 22 December 2023, Flipkart Confirmed that US$600 Million will be raised from Walmart out of its total fundraising plan of US$1 Billion. The expected valuation of the deal will range from US$34 Billion to US$37 Billion. In 2022 after PhonePe's separation, Flipkart was last valued at around US$33 Billion. [citation needed] Business structure