wordpress blog stats
Connect with us

Hi, what are you looking for?

PhonePe partners with Ola, introduces AutoPay

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.

Advertisement. Scroll to continue reading.
Written By

I cover health, policy issues such as intermediary liability, data governance, internet shutdowns, and more. Hit me up for tips.

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

Views

News

While the market reality of popular crypto-assets like Bitcoin may undergo little change, the same can't be said for stablecoins.

News

Bringing transactions related to crypto-assets within the tax net could make matters less fuzzy.

News

Loopholes in FEMA and the decentralised nature of crypto-assets point to a need for effective regulations.

News

The need of the hour is for lawmakers to understand the systems that are amplifying harmful content.

News

For drone delivery to become a reality, a permissive regulatory regime is a prerequisite.

You May Also Like

News

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...

Advert

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...

News

Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...

News

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...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ