Tag: digital payments business
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Flipkart to turn off PhonePe, digital payments business esteemed at $5.5 billion
Walmart Inc-controlled Indian e-commerce firm Flipkart said on Thursday it was incompletely turning off PhonePe in a move pointed toward augmenting the digital payments platform’s access to funding to fuel its development. PhonePe will bring $700 million up in essential capital, Bengaluru-based Flipkart said in an explanation. “Recognizing the momentum that has been achieved, as…