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Tag: PhonePe

Walmart-backed PhonePe Group posts profit of Rs 197 crore in fiscal 2024

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Walmart-backed PhonePe Group posts profit of Rs 197 crore in fiscal 2024

New Delhi: Walmart-backed PhonePe Group on Monday reported consolidated net profit (excluding ESOP costs) of Rs 197 crore for fiscal 2023-24. According to a company statement, the company had incurred a loss of Rs 738 crore in the previous financial year. Revenue in FY24 was Rs 5,064 crore, up 73.7 percent from Rs 2,914 crore […]

Indian FinTech PhonePe introduces credit usage via app

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Indian FinTech PhonePe introduces credit usage via app

TelephonePe introduces an opportunity for Indian consumers to diversify their credit lines with the Unified payment interface (UPI) on its platform. Buyers can now make payments on PhonePe via Credit line on UPIso they can shop at millions of merchants, PhonePe said in a press release on Thursday (August 22). The function comes as Reserve […]