PhonePe

Indian parliamentary panel red-flags PhonePe and Google Pay cornering 83% of India’s UPI payments amid Paytm clampdown

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An Indian parliamentary panel has urged the government to support the growth of domestic fintech players that can provide alternatives to the Walmart-backed PhonePe and Google Pay apps that currently command more than 83% of the country’s fast-growing digital payments market. The 58-page report, which includes a series of recommendations, comes at a time when … Read more

Walmart’s PhonePe launches app store with zero fee in challenge to Google

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PhonePe launched the Indus AppStore Developer Platform on Saturday, promising no platform fee or commission on in-app purchases as the Walmart-backed fintech races to win Android developers in Google’s largest market. The Bengaluru-headquartered startup, which has amassed over 450 million registered users on its payments app, said developers can start registering and uploading their apps … Read more