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Pankti Shah

@pankti
2 months ago ~830 views
๐๐ก๐จ๐ง๐ž๐๐ž ๐Œ๐จ๐ฏ๐ข๐ง๐  ๐“๐จ๐ฐ๐š๐ซ๐๐ฌ ๐ˆ๐๐Ž.
Flipkart's fintech platform PhonePe (~๐Ÿ’๐Ÿ—% ๐ฆ๐š๐ซ๐ค๐ž๐ญ ๐ฌ๐ก๐š๐ซ๐ž ๐ข๐ง ๐ญ๐ก๐ž ๐”๐๐ˆ ๐ฌ๐ฉ๐š๐œ๐ž) saw monthly transactions of $3.1 billion, said the CEO at Walmart, during recent quarterly earnings call.

PhonePe had an annualised total payment value of $830 billion in the second quarter compared with $770 billion in the previous three months.

๐“๐ก๐ž ๐Ÿ๐ข๐ง๐ญ๐ž๐œ๐ก ๐š๐ซ๐ฆ ๐ข๐ฌ ๐ง๐จ๐ฐ ๐ฅ๐จ๐จ๐ค๐ข๐ง๐  ๐š๐ญ ๐ฆ๐ž๐ซ๐œ๐ก๐š๐ง๐ญ ๐ฌ๐ž๐ซ๐ฏ๐ข๐œ๐ž๐ฌ.

''I think what's really encouraging with the way they are approaching this space is they are looking not only at payments but also at merchant services, and that two-sided network is an important part of that. But ๐ž๐ช๐ฎ๐š๐ฅ๐ฅ๐ฒ ๐ฌ๐ญ๐š๐ซ๐ญ๐ข๐ง๐  ๐ญ๐จ ๐ž๐ฑ๐ฉ๐š๐ง๐ ๐ข๐ง๐ญ๐จ ๐Ÿ๐ข๐ง๐š๐ง๐œ๐ข๐š๐ฅ ๐ฌ๐ž๐ซ๐ฏ๐ข๐œ๐ž as well with a real focus at the moment on insurance and pushing thatโ€™โ€™ said the CEO.

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Pankti Shah

@pankti
2 months ago ~20 views
๐ˆ๐Ÿ ๐ฒ๐จ๐ฎ ๐ฅ๐จ๐จ๐ค ๐š๐ญ ๐ญ๐ก๐ž ๐ฅ๐š๐ซ๐ ๐ž๐ฌ๐ญ ๐๐ข๐ ๐ข๐ญ๐š๐ฅ ๐ฉ๐š๐ฒ๐ฆ๐ž๐ง๐ญ๐ฌ ๐œ๐จ๐ฆ๐ฉ๐š๐ง๐ข๐ž๐ฌ ๐จ๐ฎ๐ญ๐ฌ๐ข๐๐ž ๐จ๐Ÿ ๐‚๐ก๐ข๐ง๐š ๐š๐ง๐ ๐ญ๐ก๐ž ๐ฐ๐จ๐ซ๐ฅ๐, ๐๐ก๐จ๐ง๐ž๐๐ž ๐ข๐ฌ ๐š๐ฅ๐ซ๐ž๐š๐๐ฒ ~๐Ÿ/๐Ÿ‘๐ซ๐ ๐จ๐Ÿ ๐ญ๐ก๐ž ๐ฌ๐ข๐ณ๐ž ๐จ๐Ÿ ๐ญ๐ก๐š๐ญ ๐š๐ง๐ ๐ฐ๐ก๐š๐ญ ๐ข๐ฌ ๐ ๐จ๐ข๐ง๐  ๐ญ๐จ ๐›๐ž ๐ญ๐ก๐ž ๐ฅ๐š๐ซ๐ ๐ž๐ฌ๐ญ ๐ฆ๐š๐ซ๐ค๐ž๐ญ ๐ข๐ง ๐ญ๐ก๐ž ๐ฐ๐จ๐ซ๐ฅ๐ ๐ข๐ง ๐š ๐ฏ๐ž๐ซ๐ฒ ๐ฌ๐ก๐จ๐ซ๐ญ ๐ฉ๐ž๐ซ๐ข๐จ๐ ๐จ๐Ÿ ๐ญ๐ข๐ฆ๐ž ๐š๐œ๐œ๐จ๐ซ๐๐ข๐ง๐  ๐ญ๐จ ๐‚๐…๐Ž ๐š๐ญ ๐–๐š๐ฅ๐ฆ๐š๐ซ๐ญ.

PhonePe moved its domicile from Singapore to India ahead of its plans to come out with an IPO.

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