phonepe

Payments major PhonePe announced on Wednesday that it has gone live with the UPI Lite feature on its app, allowing users to initiate low-value payments of up to Rs 200 without entering a personal identification number (PIN). UPI Lite was…

After PhonePe pulled back from acquiring lending startup ZestMoney citing concerns raised during due diligence, the Walmart-owned digital payments major is looking to strike a commercial agreement with the lending firm in lieu of an $18…

Digital payments major PhonePe is looking to close a commercial arrangement with ZestMoney after deal talks between the two companies fell through last month. This and more in today’s ETtech Morning Dispatch.Also in this letter:■ Experts…

The Indian e-commerce story never gets boring. Having tracked this sector for over a decade, I always find it exciting to dig deeper into what’s arguably the largest internet market that companies foreign, Indian, and even young startups…

If you missed our must-read stories this week, here are the top reads to get you up to speed. Coming from the most plugged reporters covering the tech and startup ecosystem, the ETtech team helps you understand the significance of these…

Tata Consultancy Services (TCS) said its net profit for the final quarter of fiscal 2023 rose 15% on-year, but India’s largest software exporter pointed to macroeconomic concerns which may hurt the IT services firm. This and more in today’s…

Fintech firm PhonePe has raised another $100 million from existing backer General Atlantic and its affiliate funds at a $12-billion pre-money valuation. This is PhonePe’s fourth tranche of funding after it announced a separation of…

Digital payments major PhonePe has received another fresh infusion of $100 million from existing backer General Atlantic and its affiliate funds as part of its $1 billion primary funding, according to two people aware of the matter. The new…

ZestMoney is expected to lay off almost 100 employees of its 450-member team, after the buy-now-pay-later platform’s acquisition talks with digital payments major PhonePe fell through, people in the know said.ZestMoney’s founders and…

A year after IT companies saw employee costs soaring along with the great resignation wave, salary hikes for employees are expected to cool down as wages undergo a correction in FY24. This and more in today’s ETtech Morning Dispatch. Also…