PhonePe Raised $200 Million From Walmart

PhonePe Raised $200 Million From Walmart

UPI is the most popular way Indians transact online -- it processes more than 8 billion transactions a month. In March, PhonePe raised another $200 million from its largest shareholder American multinational retail corporation 'Walmart' at a pre-money valuation of $12 billion, despite ''funding winter'' for start-ups. The company dominates transactions on UPI, a network built by a coalition of retail banks in India. Indian digital payments and financial services company Phonepay company's QR-code is affixed to a petrol pump for online transactions at Barnia, West Bengal; India on 01/05/2023. (Photo by Soumyabrata Roy/NurPhoto)

  • Product Code
  • ILEA001294523
  • Registered date
  • 2023/5/01 00:00:00
  • Credit
  • NurPhoto / Kyodo News Images
  • Media source
  • Soumyabrata Roy/NurPhoto
  • Media size
  • 5413 × 3772 pixel
  • Resolution
  • 300 dpi
  • Deployment size
  • 11.97(MB)*
  • Special instruction

*File size when opened in Photoshop, etc.

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