New-Flipkart-Logo

Flipkart Acquires Bangalore Based Payments Startup PhonePe

Comments Off on Flipkart Acquires Bangalore Based Payments Startup PhonePe 103

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 innovation on the payments front. I am delighted that two Flipkart veterans – Sameer and Rahul are at the helm of this initiative,” said Flipkart CEO Binny Bansal. Read more

Tagged with: , , ,
Sweekar S

View all contributions by Sweekar S

Website: http://blog.tonsetelecom.com/

Similar articles

Get in Touch

Phone: +91 80 4093 6921
Web: www.tonsetelecom.com

NewsLetter