After Vedanta-Foxconn, Fintech PhonePe Also Decides To Move From Maharashtra
After the Vedanta-Foxconn semiconductor project, the Fintech app PhonePe has also decided to move from Maharashtra. In a public notice issued on September 22, the Maharashtra government notified that the PhonePe office in Mumbai will be shifted to Karnataka. Phonepe shifting its Mumbai office to Bengaluru comes as another setback to the ruling Sena-BJP government. Notably, Vedanta has decided to shift its headquarters to Gujarat.
Tags: phonepe, fintech, Maharashtra(95), Office Shift, Vedanta
Courtesy: The Free Press Journal
'Your Mom Would Be Ashamed Of You': PhonePE CEO To 'Bulli Bai' App Creators
As the matter came to light that Muslim women are being auctioned on a dodgy app namely ''Bulli Bai'', PhonePe CEO Sameer Nigam condemned the incident and criticised the developer on Twitter. ''App Creators should be put behind bars for life...Your own mothers would be ashamed of having given birth to you today,'' wrote Nigam. Reportedly, the creator of the app, a 21-year-old Bengaluru man has been detained.
Tags: Bulli Bai, phonepe, Critisim, PhonePe CEO, Muslim Women
Courtesy: Money Control
PhonePe To Litigate BharatPe Again Over Usage Of 'Pe' Suffix
PhonePe, which is owned by Flipkart, claims to hold the 'Pe' suffix as part of its registered brand. The business has requested an injunction to prevent BharatPe's parent company, Resilient Innovations Pvt. Ltd, from "misusing" the suffix. PhonePe is anticipated to launch a new lawsuit soon. “We will continue to strongly defend any legal action that PhonePe threatens to institute against us," stated BharatPe spokesperson.
PhonePe Sues Rival BharatPe Over The 'Pe' Suffix In 'PostPe'
PhonePe, which is owned by Flipkart, has sued rival BharatPe in court for recently released 'buy now pay later' product, 'PostPe,' which uses the 'Pe' suffix. The business has filed an injunction with the Bombay high court to prevent Resilient Innovations Pvt. Ltd. from abusing its brand 'PhonePe.' This comes four months after PhonePe dropped its injunction case against BharatPe on an identical matter.
PhonePe Imposes Processing Fee On Mobile Bills Above Rs 50
In the latest development, the online payment application PhonePe has announced that it'll now charge processing fees per transaction on mobile recharges above Rs 50. Reportedly, a user has to pay Rs 1 on the recharge between Rs 50-100 and Rs 2 on recharges above Rs 100. ''As a part of the experiment, a majority of users are either not paying anything or paying Re 1,'' said PhonePe.
Tags: phonepe, Processing Fee, Mobile Recharges, Digital Payment
Adani Group To Launch Digital Payment Platform
Adani Group has decided to launch a ''super app'' to rival companies like PhonePe, Paytm, GooglePay, Tata, and Reliance. Adani Group chairman Gautam Adani said ''It took less than 30 minutes for me to decide that we must become a player in this space'' as he saw the mockup of the app in July 2021. However, the launch date is yet to be announced by the group.
Tags: Adani Group, Digital Payment App, Super App, GooglePay, phonepe
Courtesy: Zee News
PhonePe Tops Among UPI Apps; Clocks 42% Of Overall Jan Transactions
With a 7% hike, over 968.7 million UPI transactions were done through digital payment app PhonePe in January. The app, leaving behind its competitor Google Pay, processed a total value of Rs 1.92 trillion. Moreover, 42% of the total Unified Payments Infrastructure (UPI) transactions were made through the app. However, the transactions on Google Pay showed a slight decline processing 853.5 million (37%) UPI transactions.
Tags: phonepe, Google Pay, UPI, NPCI, Digital Payment App, Digital Payment
Google Pay, PhonePe Account For 81% Of Total UPI Transactions In Oct
According to the NPCI, online payments operators Google Pay and PhonePe have jointly accounted for about 81% of the total digital transactions in October. While the Google Pay logged UPI transactions worth Rs 1,65,654.71 crore, PhonePe registered transactions worth Rs 1,68,085.06 crore. Though PayTM (Rs 27,489.33 crore) and Amazon Pay (Rs 3,854.49 crore) have made significant leaps the… read-more
Tags: Google Pay, phonepe, Paytm, NPCI
PhonePe Logs Most Number Of Digital Transactions; Surpasses Google Pay
Walmart-backed digital wallet platform PhonePe has recorded the most number of transactions in October, overtaking Google Pay. PhonePe logged 835 million transactions, which were 15 million higher than Google Pay (820 million). Sameer Nigam, CEO of PhonePe, mentioned that their goal is to make digital payments "a way of life" for Indians and added "Our next target is to cross 500 million registered users by December 2022."
Tags: phonepe, gpay, highest records
Courtesy: India Times