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Flipkart invests ₹452 crore into its payments arm PhonePe
short by Shifa Naseer / on Thursday, 9 August, 2018
Homegrown e-commerce firm Flipkart has invested about ₹452 crore into its payments arm PhonePe, according to filings. In October last year, Flipkart had said it would invest ₹3,500 crore ($500 million) to expand PhonePe. Last week, PhonePe claimed the top spot on the UPI (Unified Payments Interface) network, leaving Paytm and Google Tez behind.
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