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PhonePe is an Indian digital payments and financial services company headquartered in Bengaluru, Karnataka, India. PhonePe was founded in December 2015, by Sameer Nigam, Rahul Chari and Burzin Engineer. The PhonePe app, based on the Unified Payments Interface , went live in August 2016. The PhonePe app is accessible in 11 Indian languages. It enables users to perform various financial transactions such as sending and receiving money, recharging mobile and DTH, making utility payments ...
PhonePe announced as a winner at 8th Annual India Retail and e- Retail Awards 2019. IAMAI 9th India Digital Awards 2019. our founders. Sameer Nigam. Sameer Nigam founded PhonePe in 2015 and serves as its Chief Executive Officer. Before PhonePe, he served as the SVP Engineering and VP Marketing at Flipkart. His Flipkart journey started in 2011 when the company acquired his earlier startup - Mime360, a digital media distribution platform. Sameer has also served as the Director of Product ...
Sep 10, 2023 · PhonePe - About. PhonePe, founded in December 2015, is a renowned digital payments company that supports over 11 languages. It is among the first payment apps built on the Unified Payments Interface (UPI) and holds the distinction of being the first UPI payments app to surpass the billion-transaction milestone.
PhonePe has also introduced several Insurance products and Investment options that offer every Indian an equal opportunity to unlock the flow of money, and get access to financial services. #KarteJaBadhteJa. Your money stays safe. PhonePe protects your money with the best-in-class security systems that help minimize frauds. At 3.9+ Crore stores, apps, websites & more. Partner with us. For Business.
Jul 2, 2023 · PhonePe, an Indian UPI-based app, has simplified the lives of millions of Indians. Founded in December 2015, PhonePe was acquired by Flipkart and its parent company Walmart a year later. This acquisition marked a turning point for PhonePe, leading to significant growth and expansion. Currently, Flipkart holds 87% of PhonePe’s stakes, while ...
May 28, 2023 · PhonePe – Funding And Investors. PhonePe has raised a total of $1.99 billion in funding across 14 rounds. The most recent funding was a $297 million infusion from PhonePe Private Limited Singapore, its Singapore-based company, on April 15, 2022. In December 2020, PhonePe received a $700 million investment from Walmart, an extension of which ...
Nov 15, 2023 · On average, PhonePe SmartSpeakers are validating over 100 crore transactions per month. By enabling merchants in more than 17,000 postal codes and successfully deploying over 4.4 million devices ...
PhonePe is an Indian digital payments and financial services company headquartered in Bengaluru, Karnataka, India. PhonePe was founded in December 2015, by Sameer Nigam, Rahul Chari and Burzin Engineer. The PhonePe app, based on the Unified Payments Interface (UPI), went live in August 2016.
Mar 15, 2021 · Bengaluru-based fintech startup PhonePe, like others in the ecosystem, had to quickly adapt to changing preferences amidst COVID-19. The pandemic helped c
Apr 16, 2022 · In this week’s Turning Point, we look at the journey of PhonePe, which now claims close to 50 percent market share in UPI payments in India with Rs 4,71,401 crore in transactions.
When PhonePe started 5 years back, we were constantly looking for definitive data sources on digital payments in India. Some of the questions we were seeking answers to were - How are consumers truly using digital payments? What are the top cases? Are kiranas across Tier 2 and 3 getting a facelift with the penetration of QR codes?
Nov 30, 2023 · PhonePe was founded in 2015 by Sameer Nigam (CEO), Rahul Chari (CTO), and Burzin Engineer (Chief Reliability Officer). The founding team - and PhonePe itself - is the result of nearly two decades of friendship. In the 1990s, Rahul Chari and Sameer Nigam studied at the University of Mumbai together, becoming close friends and roommates.
The PhonePe journey with Sameer Nigam. Sameer Nigam, Co-founder, and CEO at PhonePe takes us through his journey of building India’s leading payments platform. In conversation with Vikram Vaidyanathan, MD at Matrix Partners India, they cover Sameer’s early days at Flipkart to starting up & scaling PhonePe & then selling to Flipkart, and ...
Mar 11, 2023 · Digital payments platform PhonePe has achieved an annualised total payment value run rate of $1 trillion, or ₹84 lakh crore, mainly on account of its lead in UPI transactions, the company said ...
Jul 9, 2022 · Sameer Nigam is an Indian Entrepreneur who founded PhonePe, a UPI-based online payment system in 2015 and serves as its Chief Executive Officer (CEO). He also served as the Senior Vice President, Engineering at Flipkart. In 2009, he launched his very first venture Mime360, which connects content owners to content publishers.
Aug 15, 2023 · PhonePe has grown rapidly since its launch, becoming the market leader in UPI transactions with a 46% share in October 2021. It has over 350 million registered users and over 250 million active users as of December 2021. PhonePe makes money from transaction fees, interest income, financial services, and advertising.
PhonePe strives to make commerce a seamless experience for both customers and businesses. Read More. Lists Featuring This Company. Edit Lists Featuring This Company Section. Payments Companies With Less Than $500M in Revenue . 8,437 Number of Organizations • $105.4B Total Funding Amount • 11,340 Number of Investors. Track . FinTech Private Equity Stage Companies With More Than $1M in Revenue .
About. PhonePe. India’s Most Trusted FinTech Platform. Note from the editor. India’s Largest Fintech Platform. Trusted By 47+ Crore Indians. Editors.
Aug 18, 2022 · According to estimates, India’s digital payments market will reach $700 billion by 2022. According to data from December 7, 2021, PhonePe is the market leader in this sizable digital payment sector in India with a market share of 46.3%, while Google Pay is in second place with a market share of 36.4%. The Founders and Team of PhonePe.
PhonePe was incorporated in December 2015. [13] In April 2016, the company was acquired by Flipkart [14] [15] and as part of the acquisition, the FxMart license was transferred to PhonePe and rebranded as the PhonePe wallet. PhonePe's founder Sameer Nigam was appointed as the CEO of the company. [16] In August 2016, the company partnered with Yes Bank to launch a UPI-based mobile payment app, based on the government-backed UPI platform.
3 days ago · Ecommerce firm Flipkart and payments services provider PhonePe are “on their path to profitability”, said John David Rainey, chief financial officer at American retailer Walmart that owns both Indian companies. Flipkart’s losses in the ecommerce segment have been improving, Rainey said at an investor conference in London on Tuesday, adding that this “gives us a lot of confidence in what the overall financial profile of this business looks like a few years from now”.
3 days ago · PhonePe has a total of 254 competitors and it ranks 2 nd among them. 8 of its competitors are funded while 13 have exited. Overall, PhonePe and its competitors have raised over $5.54B in funding across 80 funding rounds involving 282 investors. There is 1 private unicorn, 2 public and 11 acquired companies in the entire competition set. Below is a comparison of top competitors of PhonePe. PhonePe. Paytm. FreeCharge.
About PhonePe Group: PhonePe is India’s leading digital payments company with 50 crore (500 Million) registered users and 3.7+ crore (37+ Million) merchants covering over 99% of the postal codes across India. On the back of its leadership in digital payments, PhonePe has expanded into financial services (Insurance, Mutual Funds, Stock Broking, and Lending) as well as adjacent tech-enabled businesses such as Pincode for hyperlocal shopping and Indus App Store which is India’s first ...
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3 days ago · Sameer Nigam, Founder & CEO of PhonePe, noted that, “With rising disposable incomes and growing aspirations of Indian travelers, we are seeing rapid adoption of our travel offerings.”Aloke ...
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According to data from the National Payments Corporation of India (NPCI), Amazon Pay is the fifth largest UPI player in India by transaction volume in May, much behind Walmart-backed PhonePe ...
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Dec 23, 2022 · Bengaluru, India, December 23rd, 2022: Flipkart and PhonePe today announced the full ownership separation of PhonePe, India’s largest digital payments platform.Establishing these businesses as individual entities will allow both to chart their own growth paths, as they continue building industry-leading offerings that provide access and inclusion for Indians.
