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?
India may have created huge technologically advanced Startups based on UPI but in reality it's no more Indian to be honest . US Monopolies in Indian Market in every important sectors.
๐Just take a look.
PhonePe (Owned by Walmart, USA) โ 48.9%
Goog
Around 2021, many alternative investment platforms like P2P, asset leasing, co-owned real estate, etc., were growing rapidly. However, now the majority of these companies are struggling to attract even a single customer. As Indian investors are becom
What a amazing foreign policy India has .
2 countries leaders are engaged in war but india maintaining best relationship from both countries and gaining profits.