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?
Indians can use PhonePe UPI payments in Sri Lanka. It has been officially launched in the country.
PhonePe collaborates with LankaPay.
4 replies8 likes
Chamarti Sreekar
StealthĀ ā¢Ā 1m
UPI Market Share,December 2024
1- PhonePe - 47.7%
2- Google Pay - 36.7%
3- Paytm - 6.87%
4-Others - 8.73%
Phonepe alone have almost 50% market share.
1 replies14 likes
Vishu Bheda
StealthĀ ā¢Ā 6m
šØ Market Share of UPI Apps (July 2024)
ā¢ PhonePe - 48.3%
ā¢ Google Pay - 37%
ā¢ Paytm - 7.82%
ā¢ Others - 6.88%
CRED is Now The 4th Largest UPI Player.
UPI based payment gateway for developers.
I want to enable UPI payments on my website. Which solution can I use? Paytm, Razorpay, Phonepe required documents proving you are a registered business. But I'm a dev, don't have any registered business. Loo
Why is UPI not in foreign? Why couldn't any other country build something like UPI despite them having greater tech talent and a more tech-friendly government?
8 replies11 likes
Vaibhav Babruwan Shingde
StealthĀ ā¢Ā 1m
PhonePe IPO Is Coming!
ā¢ PhonePe is planning an IPO to raise capital at a valuation of $8-10 billion.
ā¢ In 2023, PhonePe raised $200 million from Walmart at a pre-money valuation of $12 billion.
ā¢ PhonePe dominates the UPI payments business with a
Walmart owned UPI payment giant PhonePe to enter Indian share market soon! Currently very basic proccess of IPO (Initial public offering) works are going on from PhonePe side.
When PhonePe gets complete approval from SEBI, They share their complete