独家
Flipkart的“十大促销”帮助PhonePe创下了100万笔交易
此次销售帮助PhonePe增加了更多用户，交易量大幅上升，因为该公司为通过其应用程序进行的所有交易提供了高达30%的现金返还。
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Airtel又在7个州提高最低充值费率
周二，Airtel停止了在安得拉邦、比哈尔邦、惠普邦、拉贾斯坦邦、东北邦、卡纳塔克邦和北方邦的最低充值计划，有效地将这些邦的基本费率提高了57%。
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此次销售帮助PhonePe增加了更多用户，交易量大幅上升，因为该公司为通过其应用程序进行的所有交易提供了高达30%的现金返还。
首席执行官Sameer Nigam说，总的来说，PhonePe在销售的五天内完成了250万笔交易，总价值为25亿卢比，其中钱包有100万笔交易，其余来自信用卡和借记卡。
尼加姆说:“‘大减价’是一个很好的概念证明，因为我们在应用程序上看到了前所未有的流量，数百万购物者能够无缝地进行交易、支付并获得即时现金返还。”他说PhonePe占了Flipkart所有预付费交易的40%，MyntraFlipakrt销售总流量的90%来自移动端。PhonePe也有160万应用下载五天之后。
PhonePe的数据可能会提振本月的UPI数据。根据印度国家支付公司(NPCI)的数据，到目前为止，5月份每天约有30万笔UPI交易。通过这次销售，PhonePe本周每天就有超过20万UPI交易。
“PhonePe在商户支付中采用UPI将有助于释放该平台在商户中的潜力。未来6个月，我们将看到商家在UPI上的巨大增长，”NPCI首席运营官迪利普·阿斯贝(Dilip Asbe)表示。
这笔交易可能也帮助PhonePe超过了政府支持的每日交易量BHIM应用．根据NPCI的最新数据，BHIM应用程序在4月份完成了310万笔交易。平均而言，这意味着4月份每天将有10万笔交易。然而，BHIM的5月份数据尚未公布。
![\"](\"https:\/\/st.etb2bimg.com\/Themes\/Release\/images\/responsive\/ettelecom-default.jpg\")
The sale has helped PhonePe add more users and see a sharp rise in transactions as it offered steep cashbacks of up to 30% for all transactions for the sale made through its app.
Overall, PhonePe saw 2.5-million transactions in the five days of the sale for a total value of Rs 250 crore, with its wallet seeing 1 million transactions and the rest coming from credit and debit cards, CEO Sameer Nigam said.
<\/div><\/div>Before the sale, PhonePe was see ing 1,20,000 transactions a day on UPI during the month of May.
\u201cThe Big 10 Sale was a big proof of concept as we saw unprecedented traffic on the app and millions of shoppers were able to transact, pay and get instant cash backs seamlessly,\u201c Nigam said. He said that PhonePe saw 40% of all prepaid transactions for Flipkart, Myntra<\/a> and Jabong. 90% of the total traffic for Flipakrt's sale came through mobile. PhonePe also saw 1.6 million app downloads<\/a> in five days.
PhonePe's figures are likely to give a boost to UPI numbers this month. According to data from the National Payments Corporation of India (NPCI), about 3 lakh UPI transactions have been done every day in the month of May so far.With this sale, PhonePe has alone seen over 2 lakh UPI transactions a day this week.
\u201cPhonePe's adoption of UPI in merchant payments will help to unleash the potential of the platform among merchants. We see huge growth in UPI for merchants in the next six months,\u201c Dilip Asbe, chief operating officer at NPCI, said.
The sale may have also helped PhonePe surpass daily transaction numbers of the government-backed BHIM app<\/a>. According to the latest NPCI data, the BHIM app saw 3.1-million transactions in the month of April. On an average, this would mean one-lakh transactions a day in April. However, BHIM's figures for the month of May are not yet available.
\u201cThe Big 10 Sale was a big proof of concept as we saw unprecedented traffic on the app and millions of shoppers were able to transact, pay and get instant cash backs seamlessly,\u201c Nigam said. He said that PhonePe saw 40% of all prepaid transactions for Flipkart, Myntra<\/a> and Jabong. 90% of the total traffic for Flipakrt's sale came through mobile. PhonePe also saw 1.6 million app downloads<\/a> in five days.
PhonePe's figures are likely to give a boost to UPI numbers this month. According to data from the National Payments Corporation of India (NPCI), about 3 lakh UPI transactions have been done every day in the month of May so far.With this sale, PhonePe has alone seen over 2 lakh UPI transactions a day this week.
\u201cPhonePe's adoption of UPI in merchant payments will help to unleash the potential of the platform among merchants. We see huge growth in UPI for merchants in the next six months,\u201c Dilip Asbe, chief operating officer at NPCI, said.
The sale may have also helped PhonePe surpass daily transaction numbers of the government-backed BHIM app<\/a>. According to the latest NPCI data, the BHIM app saw 3.1-million transactions in the month of April. On an average, this would mean one-lakh transactions a day in April. However, BHIM's figures for the month of May are not yet available.
<\/div><\/div>While BHIM app has the highest share among UPI transactions, among private players, PhonePe seems to have the lead, and the numbers during the sale seems to have further boosted it. <\/div><\/div>
Follow and connect with us on Twitter<\/a>, Facebook<\/a>, Linkedin<\/a>, Youtube<\/a><\/div>","HashCode":{"minfo":"-1696663516","minfoseo":"-1696663516"},"latestnewsflag":{"minfo":"1.0","minfoseo":"1-0"},"canonicalURL":{"minfo":"http:\/\/economictimes.indiatimes.com\/small-biz\/startups\/flipkarts-big-10-sale-helped-clock-one-million-transactions-on-phonepe\/articleshow\/58744412.cms","minfoseo":"http\/economictimes-indiatimes-com\/small-biz\/startups\/flipkarts-big-10-sale-helped-clock-one-million-transactions-on-phonepe\/articleshow\/58744412-cms"},"key":{"0":{"keyid":"6357886","value":"PhonePe","smid":"0","keynameseo":"PhonePe","keytype":"","keycount":"totalcount","weightage":"100"},"1":{"keyid":"319719","value":"Myntra","smid":"0","keynameseo":"Myntra","keytype":"","keycount":"totalcount","weightage":"20"},"3":{"keyid":"6354742","value":"Flipkart","smid":"0","keynameseo":"Flipkart","keytype":"","keycount":"totalcount","weightage":"20"},"4":{"keyid":"4525276","value":"Big 10 sale","smid":"0","keynameseo":"Big-10-sale","keytype":"","keycount":"totalcount","weightage":"20"},"5":{"keyid":"4013165","value":"BHIM app","smid":"0","keynameseo":"BHIM-app","keytype":"","keycount":"totalcount","weightage":"20"},"6":{"keyid":"6795187","value":"downloads","smid":"0","keynameseo":"downloads","keytype":"","keycount":"totalcount","weightage":"15"},"7":{"keyid":"6354321","value":"Bengaluru","smid":"0","keynameseo":"Bengaluru","keytype":"","keycount":"totalcount","weightage":"15"}},"authorsplit":{"author":{"artau":"Mugdha Variyar","aunameseo":"mugdha-variyar","artauid":"479245129","artauemail":"mugdha.variyar1@timesinternet.in","auselfimageid":"479245129","auimageid":"00479245129","auimagelen":"97720","auFullName":"Mugdha Variyar","pubname":"ET Prime","designame":"Assistant Editor - Consumer Internet","audetailsxml":{"authordetails":"As a journalist, I have been lucky to have worked across platforms - print, TV and digital, in my ten-year professional journey. I have been part of the inspiring teams at CNBC TV 18, The Economic Times, The International Business Times, and Hindustan Times. At ET Prime, my focus is to peek behind the curtains to see what is buzzing at large consumer tech companies as they spend billions of dollars to amass millions of customers. I have actively covered startups for the past six years, and launched and co-anchored CNBC TV 18's first daily show focused on startups, called Startup Street. When I am not working, my cats command all my attention. In between, I try and write poems.","details":{"detail":[{"@attributes":{"type":"occupation"}},{"@attributes":{"type":"beat"}}]}},"aulinksxml":{"links":{"link":{"twitter":[],"facebook":[],"googlePlusUrl":[],"contributorUrl":[]}}},"auagencyid":"87654369","auagencyname":"ET Online","autype":"GENERAL"}},"similarlytagged":[{"msid":"97156168","stname":"PhonePe raises $350 million funding from General Atlantic at $12 billion pre-money valuation","artsyn":"While the primary fundraising is estimated to be $1 billion in size, a secondary share sale will take the total financing to a range of $1.5\u2013$2 billion.","seolocation":"telecomnews\/phonepe-raises-350-million-funding-from-general-atlantic-at-12-billion-pre-money-valuation","seolocationalt":"PhonePe raises $350 million funding from General Atlantic at $12 billion pre-money valuation","url_seo":"phonepe-raises-350-million-funding-from-general-atlantic-at-12-billion-pre-money-valuation"},{"msid":"96778636","stname":"IndusOS, MapmyIndia back CCI verdict as Google alleges failure to conduct 'impartial' investigation","artsyn":"IndusOS came out in support of the CCI's verdict on Google after the search giant cast aspersions on the antitrust regulator\u2019s investigation in its petition challenging the verdict in the NCLAT.","seolocation":"telecomnews\/indusos-mapmyindia-back-cci-verdict-as-google-alleges-failure-to-conduct-impartial-investigation","seolocationalt":"IndusOS, MapmyIndia back CCI verdict as Google alleges failure to conduct 'impartial' investigation","url_seo":"indusos-mapmyindia-back-cci-verdict-as-google-alleges-failure-to-conduct-impartial-investigation"},{"msid":"96750878","stname":"Govt may land $1 billion in taxes from PhonePe\u2019s India shift, new raise","artsyn":"This is due a long-term capital gains tax payout that will be made to the government as PhonePe is raising fresh capital from investors at a higher valuation","seolocation":"telecomnews\/govt-may-land-1-billion-in-taxes-from-phonepes-india-shift-new-raise","seolocationalt":"Govt may land $1 billion in taxes from PhonePe\u2019s India shift, new raise","url_seo":"govt-may-land-1-billion-in-taxes-from-phonepes-india-shift-new-raise"},{"msid":"96723806","stname":"NCLAT to hear Google's appeal against CCI order on Wednesday","artsyn":"A person familiar with the matter said that at the time of filing the appeal, Google was optimistic that the NCLAT will take into account the challenge Android stakeholders will face if a stay is not granted, pending the outcome of the appeal.","seolocation":"telecomnews\/nclat-to-hear-googles-appeal-against-cci-order-on-wednesday","seolocationalt":"NCLAT to hear Google's appeal against CCI order on Wednesday","url_seo":"nclat-to-hear-googles-appeal-against-cci-order-on-wednesday"},{"msid":"95945166","stname":"India extends deadline to levy cap on digital payment transactions","artsyn":"The NPCI had said in late 2020 that payment firms will not be allowed to process more than 30% of the total volume of transactions on UPI from Jan 1.","seolocation":"telecomnews\/india-extends-deadline-to-levy-cap-on-digital-payment-transactions","seolocationalt":"India extends deadline to levy cap on digital payment transactions","url_seo":"india-extends-deadline-to-levy-cap-on-digital-payment-transactions"},{"msid":"94631003","stname":"PhonePe shifts headquarters from Singapore to India","artsyn":"The fintech firm has moved businesses and subsidiaries of PhonePe Singapore, including its insurance broking services and wealth broking services, to PhonePe Pvt Ltd - India.","seolocation":"telecomnews\/phonepe-shifts-headquarters-from-singapore-to-india","seolocationalt":"PhonePe shifts headquarters from Singapore to India","url_seo":"phonepe-shifts-headquarters-from-singapore-to-india"},{"msid":"93285982","stname":"PhonePe complains against Paytm employees for burning QR codes","artsyn":"In a complaint filed on July 29 with the Surajpur Lakhnawali police station in the Greater Noida area, PhonePe has alleged that \u201cthese actions may form a part of a larger conspiracy to malign the reputation\u201d of the company and to cause \u201cfurther financial losses.\u201d","seolocation":"telecomnews\/phonepe-complains-against-paytm-employees-for-burning-qr-codes","seolocationalt":"PhonePe complains against Paytm employees for burning QR codes","url_seo":"phonepe-complains-against-paytm-employees-for-burning-qr-codes"},{"msid":"93211877","stname":"PhonePe reaches amicable settlement with Affle Global to acquire OSLabs","artsyn":"PhonePe, AGPL and OSLabs have reached an amicable settlement in the matter, with PhonePe acquiring AGPL's entire stake at a premium.","seolocation":"telecomnews\/phonepe-reaches-amicable-settlement-with-affle-global-to-acquire-oslabs","seolocationalt":"PhonePe reaches amicable settlement with Affle Global to acquire OSLabs","url_seo":"phonepe-reaches-amicable-settlement-with-affle-global-to-acquire-oslabs"},{"msid":"93152767","stname":"Recharging mobile to cost more on Paytm, PhonePe as they start levying platform fee","artsyn":"If you are habitual of doing mobile recharge via Paytm and PhonePe app, then get ready to shell out more. This is because these payment apps have started levying 'platform fee' for doing the transactions on these apps. Read on to know how much you will be charged for doing financial transactions on this platform.","seolocation":"telecomnews\/recharging-mobile-to-cost-more-on-paytm-phonepe-as-they-start-levying-platform-fee","seolocationalt":"Recharging mobile to cost more on Paytm, PhonePe as they start levying platform fee","url_seo":"recharging-mobile-to-cost-more-on-paytm-phonepe-as-they-start-levying-platform-fee"},{"msid":"92797874","stname":"Wary of Google Pay, PhonePe's duopoly in UPI market, MPs to raise issue in Parliament","artsyn":"Together Google Pay, PhonePe, and Paytm have close to 96% of the market share.","seolocation":"telecomnews\/wary-of-google-pay-phonepes-duopoly-in-upi-market-mps-to-raise-issue-in-parliament","seolocationalt":"Wary of Google Pay, PhonePe's duopoly in UPI market, MPs to raise issue in Parliament","url_seo":"wary-of-google-pay-phonepes-duopoly-in-upi-market-mps-to-raise-issue-in-parliament"},{"msid":"92515148","stname":"75% of India\u2019s top 100 Android apps contain security risks: Report","artsyn":"42% of the apps had insufficient transport layer protection which happens when data is sent from the mobile app to the server over unsecured channels","seolocation":"telecomnews\/75-of-indias-top-100-android-apps-contain-security-risks-report","seolocationalt":"75% of India\u2019s top 100 Android apps contain security risks: Report","url_seo":"75-of-indias-top-100-android-apps-contain-security-risks-report"},{"msid":"92490502","stname":"India saw 9.36 bn transactions worth Rs 10.2 tn in Q1 2022, UPI leads","artsyn":"The UPI P2M (person to merchant) transactions emerged as the most preferred payment mode among consumers with a market share of 64 per cent in volume and 50 per cent in terms of value, according to the report by Worldline, a global leader in payments industry.","seolocation":"telecomnews\/india-saw-9-36-bn-transactions-worth-rs-10-2-tn-in-q1-2022-upi-leads","seolocationalt":"India saw 9.36 bn transactions worth Rs 10.2 tn in Q1 2022, UPI leads","url_seo":"india-saw-9-36-bn-transactions-worth-rs-10-2-tn-in-q1-2022-upi-leads"},{"msid":"92241918","stname":"PhonePe prepping for IPO; seeks valuation of $8-10 billion","artsyn":"Also, the company has initiated plans to move its registered holding entity from Singapore to India, underlining its 'made in India' credentials. PhonePe's board has already ratified the proposal to move the holding company to India.","seolocation":"telecomnews\/phonepe-prepping-for-ipo-seeks-valuation-of-8-10-billion","seolocationalt":"PhonePe prepping for IPO; seeks valuation of $8-10 billion","url_seo":"phonepe-prepping-for-ipo-seeks-valuation-of-8-10-billion"},{"msid":"92026963","stname":"UPI apps may get more time to adhere to 30% cap on market share","artsyn":"In a recent letter to the Reserve Bank of India, the nodal agency has suggested that payment apps be allowed an additional two years to cap market share on the Unified Payment Interface (UPI), according to one person cited above.","seolocation":"telecomnews\/upi-apps-may-get-more-time-to-adhere-to-30-cap-on-market-share","seolocationalt":"UPI apps may get more time to adhere to 30% cap on market share","url_seo":"upi-apps-may-get-more-time-to-adhere-to-30-cap-on-market-share"},{"msid":"91957511","stname":"India\u2019s digital payment industry to reach $10 trillion by 2026: PhonePe-BCG report","artsyn":"The emergence of embedded payments via 5G and the Internet of Things (IoT), and the launch of India\u2019s sovereign Digital Rupee are together expected to provide further impetus, as per the findings.","seolocation":"telecomnews\/indias-digital-payment-industry-to-reach-10-trillion-by-2026-phonepe-bcg-report","seolocationalt":"India\u2019s digital payment industry to reach $10 trillion by 2026: PhonePe-BCG report","url_seo":"indias-digital-payment-industry-to-reach-10-trillion-by-2026-phonepe-bcg-report"},{"msid":"91113534","stname":"As dispute settles, Affle\u2019s Anuj Khanna Sohum to join Indus OS board","artsyn":"In a statement, AGPL said that it nominated Anuj Khanna Sohum to be a non-executive director on the board of OSlabs and his appointment was confirmed by \u2018unanimous vote of all the investor directors and founder directors of Indus OS\u2019","seolocation":"telecomnews\/as-dispute-settles-affles-anuj-khanna-sohum-to-join-indus-os-board","seolocationalt":"As dispute settles, Affle\u2019s Anuj Khanna Sohum to join Indus OS board","url_seo":"as-dispute-settles-affles-anuj-khanna-sohum-to-join-indus-os-board"},{"msid":"90833063","stname":"PhonePe and Affle Global to settle IndusOS dispute","artsyn":"This comes as ET broke the news on April 13, on a senior judge of the Singapore High Court dismissing at least two appeals filed by Affle, a shareholder of Indus OS, which challenged the acquisition of the Bengaluru-based startup by Walmart and Flipkart-owned PhonePe after a term sheet for the acquisition was signed.","seolocation":"telecomnews\/phonepe-and-affle-global-to-settle-indusos-dispute","seolocationalt":"PhonePe and Affle Global to settle IndusOS dispute","url_seo":"phonepe-and-affle-global-to-settle-indusos-dispute"},{"msid":"90827650","stname":"PhonePe says it clocked 100 million transactions in a day for the first time","artsyn":"The company said it processes more than 2.5 billion transactions a month and has 165 million monthly active users.","seolocation":"telecomnews\/phonepe-says-it-clocked-100-million-transactions-in-a-day-for-the-first-time","seolocationalt":"PhonePe says it clocked 100 million transactions in a day for the first time","url_seo":"phonepe-says-it-clocked-100-million-transactions-in-a-day-for-the-first-time"},{"msid":"90555247","stname":"Payment apps are cornering the SME sector. What can India's old-fashioned lenders do?","artsyn":"There are several juggling acts going on here, apart from the millions of small businesspeople reconciling their accounts across the many services that have sprung up as an alternative to cash and plastic.","seolocation":"telecomnews\/payment-apps-are-cornering-the-sme-sector-what-can-indias-old-fashioned-lenders-do","seolocationalt":"Payment apps are cornering the SME sector. What can India's old-fashioned lenders do?","url_seo":"payment-apps-are-cornering-the-sme-sector-what-can-indias-old-fashioned-lenders-do"},{"msid":"90248643","stname":"Tatas to join the UPI payment club with own app","artsyn":"The storied salt-to-steel conglomerate is seeking clearance from National Payments Corporation of India (NPCI) to start operating on the Unified Payments Interface (UPI) as a third-party payments service provider offering digital payments services, people briefed on the matter told ET.","seolocation":"telecomnews\/tatas-to-join-the-upi-payment-club-with-own-app","seolocationalt":"Tatas to join the UPI payment club with own 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from Jan 1.","seolocation":"telecomnews\/india-extends-deadline-to-levy-cap-on-digital-payment-transactions","seolocationalt":"India extends deadline to levy cap on digital payment transactions","url_seo":"india-extends-deadline-to-levy-cap-on-digital-payment-transactions"},"94631003":{"msid":"94631003","stname":"PhonePe shifts headquarters from Singapore to India","artsyn":"The fintech firm has moved businesses and subsidiaries of PhonePe Singapore, including its insurance broking services and wealth broking services, to PhonePe Pvt Ltd - India.","seolocation":"telecomnews\/phonepe-shifts-headquarters-from-singapore-to-india","seolocationalt":"PhonePe shifts headquarters from Singapore to India","url_seo":"phonepe-shifts-headquarters-from-singapore-to-india"},"93285982":{"msid":"93285982","stname":"PhonePe complains against Paytm employees for burning QR codes","artsyn":"In a complaint filed on July 29 with the Surajpur Lakhnawali police station in the Greater Noida area, PhonePe has alleged that \u201cthese actions may form a part of a larger conspiracy to malign the reputation\u201d of the company and to cause \u201cfurther financial losses.\u201d","seolocation":"telecomnews\/phonepe-complains-against-paytm-employees-for-burning-qr-codes","seolocationalt":"PhonePe complains against Paytm employees for burning QR codes","url_seo":"phonepe-complains-against-paytm-employees-for-burning-qr-codes"},"93211877":{"msid":"93211877","stname":"PhonePe reaches amicable settlement with Affle Global to acquire OSLabs","artsyn":"PhonePe, AGPL and OSLabs have reached an amicable settlement in the matter, with PhonePe acquiring AGPL's entire stake at a premium.","seolocation":"telecomnews\/phonepe-reaches-amicable-settlement-with-affle-global-to-acquire-oslabs","seolocationalt":"PhonePe reaches amicable settlement with Affle Global to acquire OSLabs","url_seo":"phonepe-reaches-amicable-settlement-with-affle-global-to-acquire-oslabs"},"93152767":{"msid":"93152767","stname":"Recharging mobile to cost more on Paytm, PhonePe as they start levying platform fee","artsyn":"If you are habitual of doing mobile recharge via Paytm and PhonePe app, then get ready to shell out more. This is because these payment apps have started levying 'platform fee' for doing the transactions on these apps. Read on to know how much you will be charged for doing financial transactions on this platform.","seolocation":"telecomnews\/recharging-mobile-to-cost-more-on-paytm-phonepe-as-they-start-levying-platform-fee","seolocationalt":"Recharging mobile to cost more on Paytm, PhonePe as they start levying platform fee","url_seo":"recharging-mobile-to-cost-more-on-paytm-phonepe-as-they-start-levying-platform-fee"},"92797874":{"msid":"92797874","stname":"Wary of Google Pay, PhonePe's duopoly in UPI market, MPs to raise issue in Parliament","artsyn":"Together Google Pay, PhonePe, and Paytm have close to 96% of the market share.","seolocation":"telecomnews\/wary-of-google-pay-phonepes-duopoly-in-upi-market-mps-to-raise-issue-in-parliament","seolocationalt":"Wary of Google Pay, PhonePe's duopoly in UPI market, MPs to raise issue in Parliament","url_seo":"wary-of-google-pay-phonepes-duopoly-in-upi-market-mps-to-raise-issue-in-parliament"},"92515148":{"msid":"92515148","stname":"75% of India\u2019s top 100 Android apps contain security risks: Report","artsyn":"42% of the apps had insufficient transport layer protection which happens when data is sent from the mobile app to the server over unsecured channels","seolocation":"telecomnews\/75-of-indias-top-100-android-apps-contain-security-risks-report","seolocationalt":"75% of India\u2019s top 100 Android apps contain security risks: Report","url_seo":"75-of-indias-top-100-android-apps-contain-security-risks-report"},"92490502":{"msid":"92490502","stname":"India saw 9.36 bn transactions worth Rs 10.2 tn in Q1 2022, UPI leads","artsyn":"The UPI P2M (person to merchant) transactions emerged as the most preferred payment mode among consumers with a market share of 64 per cent in volume and 50 per cent in terms of value, according to the report by Worldline, a global leader in payments industry.","seolocation":"telecomnews\/india-saw-9-36-bn-transactions-worth-rs-10-2-tn-in-q1-2022-upi-leads","seolocationalt":"India saw 9.36 bn transactions worth Rs 10.2 tn in Q1 2022, UPI leads","url_seo":"india-saw-9-36-bn-transactions-worth-rs-10-2-tn-in-q1-2022-upi-leads"},"92241918":{"msid":"92241918","stname":"PhonePe prepping for IPO; seeks valuation of $8-10 billion","artsyn":"Also, the company has initiated plans to move its registered holding entity from Singapore to India, underlining its 'made in India' credentials. PhonePe's board has already ratified the proposal to move the holding company to India.","seolocation":"telecomnews\/phonepe-prepping-for-ipo-seeks-valuation-of-8-10-billion","seolocationalt":"PhonePe prepping for IPO; seeks valuation of $8-10 billion","url_seo":"phonepe-prepping-for-ipo-seeks-valuation-of-8-10-billion"},"92026963":{"msid":"92026963","stname":"UPI apps may get more time to adhere to 30% cap on market share","artsyn":"In a recent letter to the Reserve Bank of India, the nodal agency has suggested that payment apps be allowed an additional two years to cap market share on the Unified Payment Interface (UPI), according to one person cited above.","seolocation":"telecomnews\/upi-apps-may-get-more-time-to-adhere-to-30-cap-on-market-share","seolocationalt":"UPI apps may get more time to adhere to 30% cap on market share","url_seo":"upi-apps-may-get-more-time-to-adhere-to-30-cap-on-market-share"},"91957511":{"msid":"91957511","stname":"India\u2019s digital payment industry to reach $10 trillion by 2026: PhonePe-BCG report","artsyn":"The emergence of embedded payments via 5G and the Internet of Things (IoT), and the launch of India\u2019s sovereign Digital Rupee are together expected to provide further impetus, as per the findings.","seolocation":"telecomnews\/indias-digital-payment-industry-to-reach-10-trillion-by-2026-phonepe-bcg-report","seolocationalt":"India\u2019s digital payment industry to reach $10 trillion by 2026: PhonePe-BCG report","url_seo":"indias-digital-payment-industry-to-reach-10-trillion-by-2026-phonepe-bcg-report"},"91113534":{"msid":"91113534","stname":"As dispute settles, Affle\u2019s Anuj Khanna Sohum to join Indus OS board","artsyn":"In a statement, AGPL said that it nominated Anuj Khanna Sohum to be a non-executive director on the board of OSlabs and his appointment was confirmed by \u2018unanimous vote of all the investor directors and founder directors of Indus OS\u2019","seolocation":"telecomnews\/as-dispute-settles-affles-anuj-khanna-sohum-to-join-indus-os-board","seolocationalt":"As dispute settles, Affle\u2019s Anuj Khanna Sohum to join Indus OS board","url_seo":"as-dispute-settles-affles-anuj-khanna-sohum-to-join-indus-os-board"},"90833063":{"msid":"90833063","stname":"PhonePe and Affle Global to settle IndusOS dispute","artsyn":"This comes as ET broke the news on April 13, on a senior judge of the Singapore High Court dismissing at least two appeals filed by Affle, a shareholder of Indus OS, which challenged the acquisition of the Bengaluru-based startup by Walmart and Flipkart-owned PhonePe after a term sheet for the acquisition was signed.","seolocation":"telecomnews\/phonepe-and-affle-global-to-settle-indusos-dispute","seolocationalt":"PhonePe and Affle Global to settle IndusOS dispute","url_seo":"phonepe-and-affle-global-to-settle-indusos-dispute"},"90827650":{"msid":"90827650","stname":"PhonePe says it clocked 100 million transactions in a day for the first time","artsyn":"The company said it processes more than 2.5 billion transactions a month and has 165 million monthly active users.","seolocation":"telecomnews\/phonepe-says-it-clocked-100-million-transactions-in-a-day-for-the-first-time","seolocationalt":"PhonePe says it clocked 100 million transactions in a day for the first time","url_seo":"phonepe-says-it-clocked-100-million-transactions-in-a-day-for-the-first-time"},"90555247":{"msid":"90555247","stname":"Payment apps are cornering the SME sector. What can India's old-fashioned lenders do?","artsyn":"There are several juggling acts going on here, apart from the millions of small businesspeople reconciling their accounts across the many services that have sprung up as an alternative to cash and plastic.","seolocation":"telecomnews\/payment-apps-are-cornering-the-sme-sector-what-can-indias-old-fashioned-lenders-do","seolocationalt":"Payment apps are cornering the SME sector. What can India's old-fashioned lenders do?","url_seo":"payment-apps-are-cornering-the-sme-sector-what-can-indias-old-fashioned-lenders-do"},"90248643":{"msid":"90248643","stname":"Tatas to join the UPI payment club with own app","artsyn":"The storied salt-to-steel conglomerate is seeking clearance from National Payments Corporation of India (NPCI) to start operating on the Unified Payments Interface (UPI) as a third-party payments service provider offering digital payments services, people briefed on the matter told ET.","seolocation":"telecomnews\/tatas-to-join-the-upi-payment-club-with-own-app","seolocationalt":"Tatas to join the UPI payment club with own app","url_seo":"tatas-to-join-the-upi-payment-club-with-own-app"}}}}" data-news-images="[{"msid":"58744680","msname":"digital payment","msnameseo":"digital-payment","mediatype":"1","artdate":"2017-05-19 08:51:00.0","caption":" "}]" data-newsletter-by="0" data-newsletter-date="a" data-hasbottomcarousel="" data-alldetailsopen="0" data-multipleanalyticshit="" data-deeplink="https://ettelecom.app.link?$deeplink_path=" data-socialshareformat="default">
