I feel like maybe HNIs and retail investors are selling heavily right now even though FIIs and DIIs made some solid purchases in the Indian market today, the market still ended up falling thatโs pretty surprising.
Phonepe was acquired by Flipkart in 2016.
Later
In Dec 2022, PhonePe separated from Flipkart, but both companies are still owned by Walmart.
So, why need another UPI app?