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PhonePe is an Indian digital payments and financial services company, headquartered in Bengaluru. It was founded in December 2015, by Sameer Nigam, Rahul Chari and Burzin Engineer. The PhonePe app, based on the Unified Payments Interface, went live in August 2016.

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economy5 h ago

PhonePe receives in-principle approval from the UAE central bank for payment licenses

According to CNA Business, PhonePe said on Sept 22 it received in-principle approval from the UAE central bank for two licenses covering retail payment services, card schemes, and stored value facilities, a key step toward launching locally licensed operations in the UAE. The report notes the licenses cover two categories and will enable local operations.

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PhonePe receives in-principle approval from the UAE central bank for payment licenses

economy5 h ago

coda.news AI summary

PhonePe is a digital payments platform.
The UAE central bank granted in-principle approval for two licenses.
The licenses cover retail payment services, card schemes, and stored value facilities.
It is a step toward launching locally licensed operations in the UAE.

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CNA BusinessRead original ↗