Fintech Giant PhonePe Raises Funding At $12 Billion Valuation
PhonePe has raised $350 million in funding from global growth equity firm General Atlantic at a pre-money valuation of $12 billion. This investment is the first tranche of the company’s latest fundraising that could witness marquee Global and Indian investors investing up to $1 billion in Walmart-owned digital payments and […]
Offering Fully Integrated Suite Of Payments Products, Fintech Startup PayG Is Helping Big Enterprises Optimise Their Digital Payments
Digital transformations have changed the way businesses used to operate. And to stay ahead of their competitors, businesses are embracing technologies and are keeping up with the shift towards online consumption and e-payments. As each organisation has its own mission, a one-size-fits-all approach does not cut it for larger organisations. […]
Survey Reveals That 72 pc MSMEs Are Prioritising Digital Payments Over Cash
The onset of COVID-19 led to the accelerated use of digital payments and induced exponential growth amid the pandemic. And with more digitisation, every big or small enterprise is opting for tech backed solutions for their operations. A survey done by Bluehost, a web hosting solutions provider, revealed that Indian […]
This Multi-Channel Digital Payments Platform ‘NPay’ Is Helping People To Make Digital Payments Hassle-Free
The Indian startup ecosystem is filled with startups who are working with a vision of helping and serving the society with their products and services. Now, when India is going digital, startups are doing their best to provide their offerings online and make a system that can serve the rural […]
Digital Payments Ecosystem Grows At 55% Over Past Five Years
As per recent data released by Reserve Bank of India (RBI), digital payments across India increased at a compound annual growth rate (CAGR) of 55.1% over the past five years (between FY 2015-16 and 2019-20). For the same period, the value has grown from INR 920.38 lakh Cr to INR […]
Indian Digital Payments Market Likely To Grow To Rs 7,092 Trillion By 2025: Latest Report
As per a recent report by RedSeer, Bengaluru-based research and advisory firm, Digital payments in India are expected to grow over 3x to Rs 7,092 trillion by 2025, which was worth around Rs 2,162 trillion in 2019-20. The report also stated that this growth is based on taking into account […]