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Binny Bansal steps down from board of PhonePe

PhonePe also announced the appointment of Manish Sabharwal as an Independent Director and Chair of its Audit Committee.New Delhi: Flipkart's co-founder Binny Bansal has stepped down from the board of PhonePe, the fintech company said on Friday.PhonePe also announced...

PhonePe users can now make UPI payments in UAE via Neopay Terminals

Neopay Terminals is available across a wide array of retail stores, dining outlets, as well as tourist and leisure attractionsNew Delhi: Fintech firm PhonePe App users travelling to the UAE can now make payments using UPI at Mashreq's Neopay...

Flipkart valuation declines by over Rs 41,000 crore in two years

The valuation of the e-commerce firm declined to $35 billion as of January 31, 2024, from $40 billion in the financial year ended on January 31, 2022New Delhi: E-commerce firm Flipkart's valuation has declined by $5 billion or around...

Amid Paytm Payments crisis, Google Pay announces expansion of Soundpods

The development comes at a time when RBI has ordered Paytm Payments Bank Limited (PPBL) to stop accepting any money after March 15 for transactions.New Delhi: Fintech firm Google Pay Thursday announced the expansion of sound pods for merchants...

Retail IPOs expected in 2024

From Biba, Boat and FirstCry to Gopal Snacks and Stanley Lifestyles, here’s a list of retail companies that are likely to go public this yearAs many as 102 Initial Public Offers (IPO) hit the stock exchanges last year with...

Paytm to bring 10 million merchants on ONDC: Vijay Shekhar Sharma

Sharma said that the company has seen close to 11.8 million customers routed to its product from the ONDC platformNew Delhi: One97 Communications, which owns digital payment brand Paytm, plans to bring 10 million merchants by 2025 on the...

The power of ONDC

With the right building blocks, ONDC will enable seamless commerce for 50 crore customers and 5 crore SMEs in this country Bengaluru: First up, ONDC is not a platform like Amazon but a network of enterprises coming together to enable...

Walmart increases stake in Flipkart, pays $3.5 billion to acquire further shares

During the same period, the company received $700 million related to new rounds of equity funding for the company's majority-owned PhonePe subsidiaryNew Delhi: US retail giant Walmart has increased its stake in Indian e-commerce subsidiary Flipkart as it paid...

The offshoots: 12 startups founded by former Flipkart employees

From fitness to fintech, here are 12 diverse startup businesses founded by individuals who were once part of the Flipkart team Bengaluru: Flipkart is the model success story of an Indian e-commerce startup. The homegrown e-commerce platform Flipkart was founded...

PhonePe launches one-stop POS solution for merchant partners

The device will enable merchants to accept payments via debit cards, credit cards and UPI and it is built on the Android platform New Delhi: Walmart-owned digital payment company PhonePe has launched a point-of-sale (POS) device that will enable merchants to...
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Ambani announces Ira Bindra as Group President for entire human resources at Reliance

Bindra will be the first non-family woman and the youngest to be on the all-powerful Executive Committee of the...
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