Touting PhonePe at its Q2 earnings call, American retail giant Walmart said that the digital payments company is witnessing a strong growth in India.
According to Walmart, PhonePe had an annualised total payments volume (TPV) of more than $830 billion in the quarter ending July 2022, with 3.1 billion monthly transactions. In addition to highlighting PhonePe’s future plans, Walmart stated that the digital payments giant is looking to strengthen its financial services segment, with a particular focus on insurance. Walmart stated that it is utilising PhonePe’s expertise in the digital payments space in other markets such as Mexico.
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Touting PhonePe at its Q2 earnings call, American retail giant Walmart said that the digital payments company is witnessing a strong growth in India.
According to Walmart, PhonePe had an annualised total payments volume (TPV) of more than $830 billion in the quarter ending July 2022, with 3.1 billion monthly transactions. In addition to highlighting PhonePe’s future plans, Walmart stated that the digital payments giant is looking to strengthen its financial services segment, with a particular focus on insurance. Walmart stated that it is utilising PhonePe’s expertise in the digital payments space in other markets such as Mexico.
Disclaimer
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
StartupNews.fyi is a leading global startup and technology media platform known for its end-to-end coverage of the startup ecosystem across India and key international markets. Launched with the vision of becoming a single gateway for founders, investors, and ecosystem enablers, StartupNews.fyi has grown steadily over the years by publishing tens of thousands of verified news stories, insights, and ecosystem updates, reaching millions of startup enthusiasts every month through its digital platforms and communities.
