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The Latest Breaking News from PhonePe

PhonePe, Razorpay chiefs say UPI will stay free for users, back sustainable model

PhonePe and Razorpay leaders affirmed UPI payments will stay free for consumers. They support sustainable revenue models for payment infrastructure and businesses. Larger businesses may face merchant charges, while small merchants remain exempt. This follows parliamentary approval to allow charges on digital payment modes. Future charges will be borne by…

The Economic Times

Payments Council backs UPI merchant charges, says users, small businesses will remain exempt

PCI said small merchants, including kirana stores, should not be charged for accepting UPI payments. Any merchant service charge would be a commercial arrangement between merchants and payment providers, not a charge on customers.

The Economic Times

PhonePe's Rs 100 daily RD: How it works; app also adds FD investment option

With its latest feature, PhonePe now allows users to easily invest in daily recurring deposits via its user-friendly app. Starting investments is as easy as contributing Rs 100 daily through UPI AutoPay. Additionally, the app simplifies the digital handling of fixed deposits, which are secured up to Rs 5 lakh…

The Economic Times

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PhonePe Mutual Funds sees 5X growth in Daily SIP transactions driven by demand from smaller cities

PhonePe Mutual Funds onboarded over 500,000 unique investors into its Daily SIP product. Nearly seventy-seven percent of these customers came from tier-two and tier-three cities. Daily SIP transactions increased nearly five-fold between January and June 2026. Younger investors aged eighteen to twenty-nine formed fifty-eight percent of the investor base. This…

The Economic Times

PhonePe to help businesses read India's market pulse in real time

PhonePe has launched PhonePe PulsePro, an enterprise intelligence platform that converts aggregated and anonymised digital transaction data into hyperlocal, near real-time market insights. Built on PhonePe's payments network of 700 million users and 50 million merchants, the company said PulsePro will help businesses improve expansion planning, site selection, distribution strategy…

The Economic Times

From CarDekho to Zepto: India's growing startup IPO pipeline

India's startup IPO pipeline is gathering momentum with several new-age companies advancing. CarDekho and InsuranceDekho are preparing for their public market debuts soon. Zepto and Zetwerk have secured regulatory approvals for their upcoming listings. PhonePe and Oyo also remain in the IPO pipeline for future public offerings. These companies represent…

The Economic Times

Apple Says India's Antitrust Case Was Built by 'Copying' Competitors' Complaints

Apple has sharply escalated its legal fight with India's antitrust regulator, accusing investigators of "copy-pasting" allegations made by rival companies rather than conducting an independent investigation into the iPhone maker's App Store practices.

International Business Times

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Apple accuses CCI investigators of 'copy-pasting' rivals' claims in antitrust investigation

Apple has accused Indian antitrust investigators of merely copying rivals' claims without independent analysis in its competition law probe. The tech giant argues the findings are flawed and calls for them to be quashed, citing a lack of opportunity to present its case. This marks a significant escalation in Apple's…

The Economic Times

PhonePe wallet inactivity fees do not affect bank accounts or UPI transactions

PhonePe clarifies inactivity fees apply solely to its prepaid wallet, not linked bank accounts or UPI transactions. Users receiving notifications despite app usage are reminded wallet and UPI activities are tracked separately. The company assures no deductions from bank accounts or negative wallet balances, offering 15 days' notice for users…

The Economic Times

PhonePe wallet inactive? You will now be fined for not using it

PhonePe is now charging a Rs 100 quarterly fee for inactive wallets. This fee applies if users have not made any financial transactions through the PhonePe Wallet in the past 365 days. The charge supports platform improvements. Users receive multiple notifications before the fee is deducted. A single wallet transaction…

The Economic Times

PhonePe, Google Pay duopoly weakens as market share slips below 80%

IPO-bound PhonePe saw its market share slip marginally to 46.3% in May, from 46.5% in the same month last year, while Google Pay’s share fell to 32.7% from 36.1% in May 2025.

The Economic Times

Keshav Reddy's Equal AI raises $30 million in round led by Prosus, Tomales Bay Capital

The round also saw participation from Think Investments, Valiant Fund, PhonePe founder Sameer Nigam, and Zubin Bharti Mittal, among others. The lead investors had also co-led the company's $10 million Series A in November 2024, along with Reddy. The founder, son of GVK Group vice chairman Sanjay Reddy, has transitioned…

The Economic Times

PhonePe launches AI-powered SmartPages to help merchants go online in 10 minutes

PhonePe has introduced SmartPages, an AI tool for merchants. This innovation allows businesses to build payment-ready webpages in under ten minutes. Merchants can describe their offerings, and AI generates descriptions and payment pages. This feature simplifies website creation and marketing copy for small sellers. SmartPages supports regional languages and is…

The Economic Times

Curefoods follows Flipkart, PhonePe to delay IPO plan amid choppy markets

Cloud kitchen platform Curefoods has postponed its Rs 800 crore IPO plans after Sebi approval, as mutual funds resisted its Rs 4,000 crore valuation. The company, facing market headwinds for loss-making new-age firms, aims to relist next year if market conditions improve. This follows similar deferrals by PhonePe and Flipkart.

The Economic Times

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The Economic Times

SBI Card to revise reward point benefits on these credit cards from July 1, 2026; check details

SBI Card is revising reward point programs for PhonePe SBI Credit Cards, effective July 1, 2026. Both PURPLE and SELECT BLACK cardholders will face new monthly caps on reward points for PhonePe and online spends. Additionally, the SELECT BLACK card will exclude several transaction categories from earning rewards.

The Economic Times

Oyo parent Prism gets Sebi nod for IPO; plans to raise Rs 6,650 crore: Sources

Hospitality firm Oyo's parent company, Prism, has received SEBI's approval for its IPO, aiming to raise Rs 6,650 crore. The company plans to file an updated draft prospectus within two months, marking its third attempt to go public. This comes as other new-age companies reassess their IPO plans due to…

The Economic Times

One soundbox soon for all payment apps as NPCI readies platform

NPCI is developing a unified, interoperable soundbox system for UPI transactions, aiming to eliminate the need for merchants to use multiple devices. This move could significantly reduce costs for small businesses and streamline payment confirmations across all apps, fostering greater efficiency in the digital payments ecosystem.

The Economic Times

Walmart CEO meets PM Modi, signals deeper India investment

Walmart CEO John Furner met with Indian Prime Minister Narendra Modi. The meeting focused on India's economic growth and investment opportunities. Walmart has sourced $40 billion in goods from India. The company is expanding its digital commerce and payments sectors. Flipkart and PhonePe are planning public listings in India. Walmart…

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Geekflare

Top Payment Gateways for Accepting INR & International Payments

If you're running a business or offering services online from India, having a payment gateway to accept payments in Indian Rupee (INR) is a necessity.

Fortune

Walmart has kept prices low during inflation and raised pay for managers. Investors aren't happy

Walmart also reported lower quarterly revenue than Amazon for the first time ever.

The Times of India

Paytm founder Vijay Shekhar Sharma says he’s looking for chances to increase stake

NEW DELHI: Billionaire Vijay Shekhar Sharma, the founder and chief executive officer of India’s biggest digital payments company, said he’ll look to raise his stake as Paytm approaches profitability.

The Hindu

PhonePe responds to Madhya Pradesh Congress on alleged usage of brand logo on posters

PhonePe objects to the unauthorized usage of its brand logo, by any third party.

USA Today Sports Media Group

Betbarter Review for India Players

Betbarter com is a young and promising sports betting site. It is aimed at local players in India, and therefore offers betting in rupees, advantageous payment systems, and a welcome bonus of INR 100. Year of foundation 2017 The company Sky Infotech ...

Android Central

Android users in India may soon see a new alternative to Google Play Store

PhonePe is an Indian digital payment and financial services company that is in talks with OEM makers to launch an alternate Play Store.

The Times of India

Walmart gets $1 billion tax bill for shifting PhonePe headquarters to India: Report

Walmart and other PhonePe shareholders will have to pay nearly $1 billion in tax after the digital payments company shifted its headquarters to India, according to people familiar with the matter.

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