Flipkart announces spin-off of PhonePe, to remain majority shareholder ...Middle East

Flipkart on Thursday announced a partial spin-off of PhonePe in a move that will help the digital payments platform to access dedicated, long-term capital to fund its growth ambitions. PhonePe has crossed the 250 million registered user milestone in just four years with over 100 million monthly active users, generating nearly one billion digital payment transactions in October.

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Flipkart announces spin-off of PhonePe, to remain majority shareholder ...Middle East

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