Flipkart acquires payment firm PhonePe

Flipkart today announced the acquisition of PhonePe, a Bangalore based mobile payments company. Co-founded by ex-Flipkart employees Sameer Nigam and Rahul Chari, PhonePe is building India’s first Unified Payments Interface (UPI) based product. UPI, planned to go live in the April, will allow users to transact using their unique identification and mobile phone number or

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