Some of India’s biggest fintech startups are making deeper inroads into sound boxes, unveiling new push to the pocket-sized devices whose chimes are fast becoming the new ‘ka-ching’ for millions of Indian merchants. Paytm, whose sound…
Walmart spent $3.5 billion this year to acquire shares from certain Flipkart stakeholders and resolve liabilities with some PhonePe shareholders, illustrating just how aggressively it’s betting on India at a time when its chief global rival Amazo…
India’s PhonePe is getting into stock and mutual fund investment, the latest in a series of expansion by Walmart-backed payments app as it looks to leverage its 450 million-plus user base to win in new categories. The Bengaluru-headquartered star…
India’s Paytm introduced the innovative sound box, a pocket-sized speaker designed to instantly validate and announce successful payments to merchants. It has deployed million of these devices to the market, offering them to merchants at just above $1 monthly. India’s largest company is paying attention. Reliance has been testing a sound box with employees at…
Flipkart commenced a $700 million “one-time discretionary” cash payout to employees on Friday, the single-largest such compensation in the Indian startup ecosystem. The Walmart-backed Bengaluru-headquartered startup is compensating employees for the separation of fintech PhonePe from the e-commerce group. The two firms completed a full ownership separation late last year in a deal that was…
Flipkart has begun lending to customers, expanding its financing offerings in a move that could potentially boost sales even as its chief rival Amazon has signalled a slowdown in India. The Walmart-owned Bengaluru-headquartered firm, in partnership with lender Axis Bank, is extending a credit of up to 500,000 Indian rupees, or $6,100, according to a…
General Atlantic has poured another $100 million into PhonePe, four months after leading a $350 million investment in the Indian fintech startup that has so far raised $850 million in an ongoing financing round at the height of the slowing global economy. Walmart-backed PhonePe disclosed the investment in a statement on Monday. The ongoing round…
Indian fintech giant PhonePe is preparing to launch a dedicated app store for Android users in India, the latest product push from the Walmart-backed firm that commands the mobile payments market in the second largest Asian economy. The app store, designed to offer hyper-localized services based on customer context, aims to assist developers with “high-quality”…
General Atlantic has poured another $100 million in PhonePe, three months after leading a $350 million investment in the Indian fintech startup that has so far raised $750 million as part of the ongoing financing round. Walmart-backed PhonePe disclosed the investment in a filing with the local regulator on Wednesday. A company spokesperson confirmed the…
In a move reminiscent of its successful early bet on the government-backed UPI network seven years ago, PhonePe, India’s leading mobile payments app, is now setting its sights on the e-commerce sector. The Bengaluru-based startup, backed by retail giant Walmart, on Tuesday launched a hyperlocal commerce app, called Pincode, that is powered by the Open…
Welcome to encircle News! We are a cutting-edge technology news company that is dedicated to bringing you the latest and greatest in everything tech. From automobiles to drones, software to hardware, we’ve got you covered.
At encircle News, we believe that technology is more than just a tool, it’s a way of life. And we’re here to help you stay on top of all the latest trends and developments in this ever-evolving field. We know that technology is constantly changing, and that can be overwhelming, but we’re here to make it easy for you to keep up.
We’re a team of tech enthusiasts who are passionate about everything tech and love to share our knowledge with others. We believe that technology should be accessible to everyone, and we’re here to make sure it is. Our mission is to provide you with fun, engaging, and informative content that helps you to understand and embrace the latest technologies.
From the newest cars on the road to the latest drones taking to the skies, we’ve got you covered. We also dive deep into the world of software and hardware, bringing you the latest updates on everything from operating systems to processors.
So whether you’re a tech enthusiast, a business professional, or just someone who wants to stay up-to-date on the latest advancements in technology, encircle News is the place for you. Join us on this exciting journey and be a part of shaping the future.
