Flipkart, PhonePe Complete Separation, Both Entities to Continue Operation Under Walmart

Flipkart, PhonePe Complete Separation, Both Entities to Continue Operation Under Walmart

ByNews Polite

Flipkart and PhonePe have completed their separation and both entities will continue to operate under US-based retail giant Walmart, a joint statement said on Friday. PhonePe was acquired by Flipkart Group in 2016. “As part of this transaction, existing Flipkart Singapore and PhonePe Singapore shareholders, led by Walmart, have purchased…

WhatsApp Pay India Head Quits Within Four Months of Taking Charge

WhatsApp Pay India Head Quits Within Four Months of Taking Charge

ByNews Polite

Vinay Choletti, head of WhatsApp’s India payment business, has quit the firm within four months in the role, marking the latest in a series of domestic senior-level departures at parent company Meta Platform. “As I move on to my next adventure, I strongly believe that WhatsApp has the power to phenomenally…

UPI, Non-Cash Payments to Constitute 65 Percent of All Transactions by 2026: Report

UPI, Non-Cash Payments to Constitute 65 Percent of All Transactions by 2026: Report

ByNews Polite

Non-cash payments using modes like UPI will account for 65 percent of all the transactions by 2026 against the 40 percent level estimated at present, a report said on Thursday. The report — which comes amid a rapid rise in unified payments interface (UPI) since the onset of the COVID-19 pandemic…