Flipkart-owned payments platform PhonePe has entered into a partnership with Ola Cabs where users can book an Ola through the PhonePe app. With this integration, PhonePe users can also avail an AutoPay feature. The autopay feature, which PhonePe claims is a first in payments, allows users to set up a payment instruction one time after which fares will be deducted automatically. Users have the flexibility of setting and switching off AutoPay instructions when they want. The feature will be available to all the users by end of this week. Commenting on the partnership, Rahul Chari, Co-founder and CTO, PhonePe said the feature is aimed at making payments seamless. In February, PhonePe accounted for 16% of all UPI transactions, whereas Paytm responsible for 40% of all UPI transactions. Paytm used this number to call itself the biggest pie in the market. PhonePe contradicted this claim by calling out Paytm what the numbers do not show. Read here. Flipkart infused the payments app with Rs 518 crore via Flipkart Payments, a Singapore-based subsidiary of the e-commerce giant. The investment is part of the $500 million commitment Flipkart made to invest in PhonePe last year. PhonePe, which claims to have 100 million users, also said it is partnering with stakeholders in the travel, hospitality, ticketing and food.
- Practo Partners With Government To Help Develop India’s Health Stack January 31, 2023
- Attend Our Briefing: Impact of Google’s changes to Android and Play Store January 31, 2023
- Why is Andhra government pushing facial recognition attendance on all its workers? January 31, 2023
- Karthik Rai On Developing an Interoperability Framework for India | Meta India Tech Scholars 2021-22 January 31, 2023
- Indian Telecom Watchdog issues consultation paper on regulating converged digital technologies and services January 31, 2023
MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.
India's smartphone operating system BharOS has received much buzz in the media lately, but does it really merit this attention?
After using the Mapples app as his default navigation app for a week, Sarvesh draws a comparison between Google Maps and Mapples
The regulatory ambivalence around an instrument so essential to facilitate data exchange – the CM framework – is disconcerting for several reasons.
The provisions around grievance redressal in the Data Protection Bill "stands to be dangerously sparse and nugatory on various counts."
Please subscribe to MediaNama. Don't share prints and PDFs.
You May Also Like
Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...
135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...
Twitter takes down tweets from MP, MLA, editor criticising handling of pandemic upon government request
By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...