PhonePe Surges in November While Google Pay Experiences a Slight Decline
UPI recorded 20.47 billion transactions worth Rs 26.32 lakh crore in November, led by PhonePe.
UPI recorded 20.47 billion transactions worth Rs 26.32 lakh crore in November, led by PhonePe.
PhonePe and Google Pay dominate UPI transactions in October, accounting for nearly 80% of the total.
SEBI warns investors against unregulated digital gold, lacking protection and exposing them to risks.
General Atlantic invested about $600M in PhonePe, boosting its stake to 9% from 4.4%. No liquidity provided.
September saw 19,633.43 million UPI transactions in India, with PhonePe leading at 45.6% volume share.
Walmart-owned PhonePe has filed its Draft Red Herring Prospectus with SEBI, aiming to raise Rs 12,000 crore.
PhonePe improved its financial health in FY25 with 40% revenue growth and a 13% decline in net losses.
CRED, PhonePe, and Paytm halt rent payments via credit cards due to RBI's new regulations, sources say.
India’s UPI ecosystem saw PhonePe and Google Pay dominate with over 81% of total transactions in July.
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