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The Latest Breaking News from PhonePe

PhonePe loss without ESOP cost narrows to Rs 671 crore in FY22

NEW DELHI: Walmart-owned fintech firm PhonePe on Tuesday reported narrowing of its loss, excluding ESOP cost, to Rs 671 crore for the financial year 2021-22.

The Times of India

TRS MP Nama Nageswara Rao’s son robbed in Hyderabad

Police said Prithvi Teja was also forced to transfer ₹75,000 via PhonePe

The Hindu

Gang of three brothers held for robbing shop owner in Bengaluru

BENGALURU: Three brothers have been arrested for allegedly robbing a man who boarded an autorickshaw at Carmelaram bus stop on the night of July 9.

The Times of India

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Sub Divisional Police Officer held for taking 30,000 bribe

BHUBANESWAR: The state vigilance directorate on Wednesday arrested a police officer, Malaya Kishore Nayak, for allegedly accepting Rs 30,000 bribe from a stone quarry owner in Dhenkanal district to allow him to do business smoothly. Nayak, who is the sub-divisional police officer (SDPO) of Hindol, was caught red-handed while accepting…

The Times of India

In India's Mobile-Payments Boom, Even Beggars Get QR Codes

A beggar in the eastern Indian state of Bihar strolled through a train station one recent weekday, toting a metal pail for cash and a tablet computer with a QR code stuck on the back.

Bangkok Post

Walmart Intensifies Rivalry With Google, Amazon By Targeting India's Budding Payments Market

Walmart Inc's (NYSE:WMT) Indian payments unit PhonePe will acquire two wealth management firms for a total enterprise value of $75 million, Bloomberg reports. PhonePe will buy WealthDesk for about $50 million and OpenQ for nearly $25 million. The acquisitions will help broaden PhonePe's offerings in India's budding payments market, where Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL)…

Benzinga

PhonePe to hire 2,800 people by December

NEW DELHI: Digital payments platform, PhonePe on Tuesday said it will hire 2,800 people by the end of December taking its total headcount to 5,400.

The Times of India

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