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
- ILEA001294527
- Registered date
- 2023/5/01 00:00:00
- Credit
- NurPhoto / Kyodo News Images
- Media source
- Soumyabrata Roy/NurPhoto
- Media size
- 5825 × 3876 pixel
- Deployment size
- 12.06(MB)*
*File size when opened in Photoshop, etc.