#PhonePe may acquire #BNPL platform #ZestMoney in new-age lending sector's biggest consolidation move

RELIANCE: JIO BHARAT TO HAVE UPI FEATURE

OTHER UPI COS IN FOCUS

#PHONEPE
#PAYTM
#GPAY

#PhonePe leads April's UPI transactions with 6.5 billion transactions, #Cred UPI takes fourth place

🚨 #bharatpeindia and #PhonePe amicably settle their long-standing legal disputes pertaining to the use of the trademark with the suffix ‘Pe’

Settlement will put an end to all open judicial proceedings, ongoing for the last 5 years.

🚨 #PhonePe has launched secured lending products across housing and two-wheeler finance in partnership with #NBFC major L&T Finance.

#PhonePe reports revenue of ₹5,064 cr for FY23-24, up 74% YoY. The group also reported an Adjusted profit after tax of ₹197 cr Vs loss of ₹ 738 cr for FY22-23.

Company says, it’s been able to achieve growth and diversification of revenue through a combination of market leadership, platform reliability and cross-selling a diverse product portfolio