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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)

Photo Details

Photo ID	#10046222
Date Taken	15 May 2023
Location	N/A
Photographer	Soumyabrata Roy/NurPhoto
Category	Human Interest
Copyright	© 2025 NurPhoto - Soumyabrata Roy/NurPhoto

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NurPhoto General news Economy Economy Business and FInance May 15 2023 15th May 2023 PhonePe

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