Payment

2023 - 3 - 12

Post cover
Image courtesy of "CNBCTV18"

PhonePe gets payment aggregator licence, reaches $1 trillion ... (CNBCTV18)

PhonePe, founded in December 2015 and now among India's largest payments app hits USD $ 1 Trillion (Rs 84 lac Crs) annualised Total Payment Value (TPV) ...

PhonePe also announced that it has received an in-principle approval for its PA license from the RBI. Mar 9, 2023 IST6 Min(s) Read Mar 9, 2023 IST3 Min(s) Read

Post cover
Image courtesy of "India Today"

How to access Whatsapp payment history on Android and iPhone (India Today)

The payment system on WhatsApp enables UPI money transactions over the app. It saves bank account information from the phone number associated with the user's ...

You may also use WhatsApp to report a payment after making an online payment with UPI. In addition to sending and receiving money, SMS allows users to check their bank account balance, monitor payment history, and record a payment. It enables them to deposit and receive funds into their bank accounts through the Unified Payments Interface (UPI).

Post cover
Image courtesy of "Livemint"

PhonePe gets payment aggregator licence, reaches $1 trn ... (Livemint)

The fintech firm claims to have digitised more than 35 million offline merchants spread across tier 2, 3, 4 cities and beyond, covering 99 per cent pin ...

Post cover
Image courtesy of "The Hindu"

PhonePe reaches $1 trillion annualised payment value run rate ... (The Hindu)

Digital payments platform PhonePe has achieved an annualised total payment value run rate of $1 trillion, or ₹84 lakh crore, mainly on account of its lead ...

PhonePe is making significant investments in new businesses like insurance and wealth management, while also enabling the next wave of growth for UPI payments in the country, the statement said. “We are delighted to reach the $1-trillion annualised TPV run rate. We look forward to turbo-charging the next wave of growth for UPI payments in India with offerings like ‘UPI lite’, ‘UPI international’ and ‘credit on UPI’ to enable greater financial inclusion for Indians,” PhonePe head of consumer business Sonika Chandra said in a statement.

Post cover
Image courtesy of "The Hindu BusinessLine"

PhonePe hits $1-trillion in annualised total payment value run rate (The Hindu BusinessLine)

It also announced that it has received an in-principle approval for its payment aggregator license from the RBI.

This approval will allow the company to scale its payment solutions and enable digital inclusion for more small businesses and SMEs in the country. The fintech major attributed this growth to PhonePe holding over 50 per cent market share by value in the UPI payments space. Commenting on this development, Sonika Chandra, Head of Consumer Business at PhonePe said, “We are delighted to reach the $1 trillion annualised TPV run rate.

Post cover
Image courtesy of "India Today"

MCD seals 3 farmhouses in South Delhi for defaulting on payment of ... (India Today)

The Municipal Corporation of Delhi (MCD) on Saturday sealed three farmhouses in Gadaipur, Jonapur and Deramandi areas located in South Delhi for defaulting ...

Approximately Rs 5 crore is pending outstanding against these properties. The tax payers have failed to pay their outstanding tax dues since 2006-07. [By Ram Kinkar Singh](/author/ram-kinkar-singh-0): As part of an ongoing drive against property tax defaulters, the Municipal Corporation of Delhi (MCD) on Saturday sealed three farmhouses in Gadaipur, Jonapur, and Deramandi areas located in South Delhi for defaulting on payment of property tax.

Post cover
Image courtesy of "TechCrunch"

Bitcoin and the Lightning Network are moving payments globally (TechCrunch)

For this week's episode, Jacquelyn interviewed Jack Mallers, the founder and CEO of Strike, a bitcoin-based payment network and financial app.

Post cover
Image courtesy of "14 News WFIE Evansville"

Fentanyl residue on cash payment sends one employee to hospital (14 News WFIE Evansville)

CENTRAL CITY, Ky. (WFIE) - Central City Police Department officials say a local business received money that was suspected to have fentanyl residue on it.

The name and condition of the employee is also unknown at this time. The name of the business has not been released at this time. According to police, the employee of the business that received the cash payment then began to feel ill and was then transported to a nearby hospital for treatment.

Post cover
Image courtesy of "News9 Live"

PhonePe's annualised payment value run rate touches $1 trillion (News9 Live)

PhonePe is making significant investments in new businesses like insurance and wealth management, while also enabling the next wave of growth for UPI ...

PhonePe holds over 50 per cent market share in the UPI space. “We are delighted to reach the $1-trillion annualised TPV run rate. PhonePe is making significant investments in new businesses like insurance and wealth management, while also enabling the next wave of growth for UPI payments in the country, the statement said.

Post cover
Image courtesy of "Startup Story"

Payment aggregator license secured by PhonePe as total payment ... (Startup Story)

PhonePe, a payments app backed by Walmart, has announced that its annualized Total Payment Value (TPV) has reached $1 trillion (equivalent to Rs ...

The company was valued at $12 billion during this funding round. According to a statement released by the company, PhonePe has received in-principle approval from the Reserve Bank of India (RBI) for its Payments Aggregator license. March 11, 2023 [PhonePe](https://www.phonepe.com/), a payments app backed by Walmart, has announced that its annualized Total Payment Value (TPV) has reached $1 trillion (equivalent to Rs 84 lakh crore), driven by transactions made through UPI.

Post cover
Image courtesy of "Business Outreach"

PhonePe achieves $1 trillion annual payment value run rate (Business Outreach)

PhonePe, a digital payments platform, announced on Saturday that it has achieved an annualized total payment value (TPV) run...

PhonePe’s attainment of an annualized total payment value run rate of $1 trillion marks a significant milestone in the Indian digital payments arena. PhonePe is one of the leading UPI payment platforms in the country, along with Google Pay, Paytm, and PhonePe’s accomplishments in the digital payment sphere are momentous, particularly given that India still primarily operates on a cash-oriented economic model. PhonePe claims to have processed over 1.21 billion UPI transactions in February 2021. “The company has also received an in-principle approval for its PA (payment aggregator) license from the RBI,” the statement said. PhonePe, a digital payments platform, announced on Saturday that it has achieved an annualized total payment value (TPV) run rate of $1 trillion, or Rs 84 lakh crore, primarily due to its leadership in UPI transactions.

Post cover
Image courtesy of "The Hindu BusinessLine"

PhonePe hits $1-trillion in annualised total payment value run rate (The Hindu BusinessLine)

It also announced that it has received an in-principle approval for its payment aggregator license from the RBI.

This approval will allow the company to scale its payment solutions and enable digital inclusion for more small businesses and SMEs in the country. The fintech major attributed this growth to PhonePe holding over 50 per cent market share by value in the UPI payments space. Commenting on this development, Sonika Chandra, Head of Consumer Business at PhonePe said, “We are delighted to reach the $1 trillion annualised TPV run rate.

Explore the last week