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FOMO killer: Developments at Ola, PayU, Netflix, Hike and more

Content Netflix has raised its subscription prices by 13-18% for its 58 million subscribers in the US, reports Associated Press. Its most popular plan will see the biggest hike from $11 to $13. Although Netflix isn't hiking its prices for the first time, this is the first hike which would apply to all of its US subscribers. Customers in 40 Latin American countries, where Netflix charges in dollars, will also be affected. Payments Soon after PayU India's NBFC license was approved, the company is separating its lending entity - PayU Finance India - from the main company, presumably to turn the entity into a lending business, per Inc42. PayU India managing director Jitendra Gupta will lead the entity out of Mumbai with around 100 employees. PayU claims that its credit products customer base is 1 million, and it has disbursed credit worth Rs 200 crore. * Flipkart-owned PhonePe now has 1 million offline merchants on its platform, with plans to hit 6 million by the end of 2019. The company also claims to have 150 million users, and is seeing growth in Tier 2 & 3 cities. PhonePe offers QR code payments which work on feature phones, and offers a billing PoS system for merchants. Messaging Hike will unbundle its main app into two - one for content and the other for social, to focus on each separately, the company said. Hike founder and CEO Kavin Bharti Mittal said that the move "no longer restricts us to a specific segment of…

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