• 1will
    Vodafone in Talks to Offload 49% in Payments Bank

    Vodafone is in initial talks with the Piramal group and HDFC Bank to sell as much as 49% of its payments bank arm, more than the 26% it has to compulsorily divest, with an aim also to cross-sell financial services products from the eventual partner. Payments banks have to follow the foreign investment rules that cover commercial…

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  • New-Flipkart-Logo
    Flipkart Acquires Bangalore Based Payments Startup PhonePe

    In an attempt to build its payments services Flipkart has acquired Bangalore based mobile payments company PhonePe. “Payments has been one of the biggest hurdles for mass adoption of online shopping in India. UPI has the potential of transforming the entire payments ecosystem in the country. The acquisition of PhonePe is in-line with Flipkart’s focus on driving…

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