PhonePe to become full-fledged financial services company

Thursday 19 March 2020 08:19 CET | News

India-based PhonePe, a digital payments platform, has announced that it is planning to become a full-fledged financial services company.

PhonePe has been diversifying its line of products and services, which initially included only a mobile wallet and a few other services, by introducing savings and insurance products through its app. Moreover, the company has also launched a travel insurance product, which is being offered as part of the company’s response to the COVID-19.

The company’s management said that the latest capital injection would help it compete for market share with Amazon Pay, Google Pay and Paytm.

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Keywords: Walmart, India, digital payments, PhonePe, financial services, mobile wallet, COVID-19, Amazon Pay, Google Pay, Paytm
Categories: Payments & Commerce
Countries: India
This article is part of category

Payments & Commerce