Hindustan Times (Bathinda) : 2019-02-11
Ht Business : 15 : 13
hindustantimes 13 HINDUSTAN TIMES, CHANDIGARH MONDAY, FEBRUARY 11, 2019 POWERED BY shortstories 100 million 1 billion 750,000 Number of users Phonepe crossed in June 2018 Number of transactions on the app by December Number of offline and online merchants across food, travel, groceries and movie ticket segments, among others, who use Phonepe as a payment option $75 million $500 million Infused by Flipkart in Phonepe after it acquired the mobile payments business in April 2016 Commitment made by Flipkart to expand Phonepe $175 million invested by Walmart in October as part of the $500 mn commitment Phonepe has been trying to raise funds independently as it looks to compete with arch rival Paytm which is backed by Softbank The platform has been in the process of expanding its offline presence for more than a year now to establish itself as a larger digital payments brand across the country Apart from pushing its QR codes, Phonepe has also been expanding its point of sale (POS) terminals ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■
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