Unraveling PhonePe’s FY26 Figures: The Hidden Rs 364 Crore Loss Behind the Impressive Rs 2,792 Crore Revenue
Walmart-backed PhonePe reported a net loss of Rs 2,792 crore in FY26, but non-cash adjustments distort reality.
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Tag: PhonePe
WhatsApp Surges Past CRED in UPI Transactions for June; PhonePe Maintains Dominance
WhatsApp processed 150.48 million UPI transactions in June, overtaking CRED's 141.78 million.
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Srijon Biswas Takes the Helm as CTO at PhonePe
PhonePe appoints Srijon Biswas as CTO to lead engineering and drive innovation for millions of users.
Read moreDetailsPhonePe Clarifies Wallet Fees Pertaining Exclusively to Idle Balances
PhonePe clarified that inactive wallet fees won't impact linked bank accounts or UPI transactions.
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Record UPI Transactions Hit New Heights in May for PhonePe, GPay, and Paytm, While Digital Gold Sales Steady
PhonePe maintained its UPI dominance in May with 10.73B transactions, capturing 46.3% volume share.
Read moreDetailsUPI Soars to Over 23 Billion Monthly Transactions in May
UPI crossed 23 billion monthly transactions in May 2026, setting a new record for India’s payments network.
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Ujjwal Jain Resigns as CEO of PhonePe’s Share.Market
Ujjwal Jain, CEO of PhonePe’s Share.Market, has stepped down after four years, hinting at a relaunch.
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PhonePe Celebrates Milestone of 50 Million Registered Merchants as UPI Continues to Thrive
PhonePe has crossed 50 million registered merchants and spans over 98% of India’s postal codes as of April.
Read moreDetailsPhonePe Achieves Milestone of Over 10 Billion UPI Transactions in March
PhonePe crossed 10 billion UPI transactions in March, capturing about 46.4% of the total UPI volume.
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PhonePe Hits the Brakes on IPO: Assessing the Factors Behind the Decision
PhonePe has paused its IPO plans due to global market volatility and valuation mismatches triggered by geopolitical tensions.
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