WebPhonePe calls off deal to acquire ZestMoney; Unacademy to slash 12% of workforce. In the end, it was much ado about nothing. After months of back and forth and oohs and aahs, PhonePe, one of India’s leading fintechs and the biggest player in the UPI market, has turned on its heels and walked away from a potential deal with cash-strapped buy-now-pay-later …
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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 (UPI), went live in August 2016. The PhonePe … See more PhonePe was incorporated in December 2015. In April 2016, the company was acquired by Flipkart and as part of the acquisition, the FxMart license was transferred to PhonePe and rebranded as the PhonePe wallet. … See more PhonePe helps merchants to accept payments through all UPI-based apps, debit and credit cards, as well as wallet (Including third party … See more • PhonePe Account Aggregator Pvt Ltd, a wholly owned subsidiary of the PhonePe Group, received an in-principle approval to operate as an account aggregator from the See more On 14 January 2024, ICICI bank blocked PhonePe transactions, citing the reasons that it did not meet the NPCI guidelines. Initially, on 19 January 2024, NPCI instructed See more In December 2024, Flipkart and PhonePe declared a partial split, with Walmart maintaining its majority ownership in PhonePe and the two entities now functioning independently. PhonePe announced the acquisition of $350 million from … See more • 2024: Recognised by National Payments Corporation of India (NPCI) for driving the largest number of merchant transactions on the UPI network. • 2024: Best Mobile Payment Product or … See more PhonePe allots employee stock options (ESOPs) to its full time employees. In November 2024, PhonePe was reported to have conducted a buyback of ESOPs worth ₹135 crore, … See more WebJul 9, 2024 · 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 … hot wheels 2016 flames
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