[ad_1] Roughly eight years ago, India launched the Unified Payments Interface (UPI), an initiative that would completely transform the digital payments system in India. Seamless and instantaneous — be it bank transfer or credit card payments — UPI soon became the default payment mode of choice for both consumers and merchants. And one company led […]
Walmart-backed PhonePe gears up for potential IPO on Indian exchanges – CNBC TV18
[ad_1] Walmart-backed PhonePe is gearing up for a potential initial public offering (IPO) on Indian exchanges, becoming the latest tech unicorn to explore public markets. The digital payments giant announced today that it has begun preparatory steps for the listing. PhonePe, which redomiciled from Singapore to India in December 2022, stated it has established a […]
Paytm shares plunge over 7% after NPCI data suggests no UPI share gain in December – CNBC TV18
[ad_1] Shares of One97 Communications, parent company of payments aggregator Paytm fell as much as 7.5% on Wednesday, January 8. The stock has declined in two out of the last three trading sessions. Company Value Change %Change Citing NPCI data, brokerage firm UBS said that Paytm has not gained any UPI share in the month […]