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PhonePe is an Indian digital payments and financial services company headquartered in Bengaluru, Karnataka, India. [ 5 ] [ 6 ] It was founded in December 2015, [ 7 ] [ 2 ] by Sameer Nigam, Rahul Chari and Burzin Engineer. [ 8 ]
To make payments easier, Indians living abroad who have mobile numbers in the UAE can download the PhonePe app and link their current NRE and NRO accounts. PhonePe will also launch inbound remittance services as soon as the corridor for inward remittances is activated, eliminating the need for information like bank account numbers and IFSC codes.
Paytm was founded in August 2010 with an initial investment of US$2 million by its founder Vijay Shekhar Sharma in Noida, Delhi NCR.It started off as a prepaid mobile and DTH recharge platform, and later added debit card, postpaid mobile and landline bill payments in 2013.
PhonePe said in October 2023 that its consolidated revenue for financial year 2023 surged 77%, as more customers used its platform to send and receive money in India's booming digital payments market.
ET Money was founded in 2015 by Mukesh Kalra, who earlier founded the fintech company Moneysights in 2009, which was later acquired by Times Internet in October 2014. . Moneysights was backed by ex-HP and IBM executive Prasad Duvvuri, Blume Ventures and Naveen Tewari of
Braintree was founded by Bryan Johnson in 2007. [2] By 2011, the company ranked 47th on Inc. magazine's annual list of the 500 fastest-growing companies.. In that year, Bill Ready joined the company as CEO. [3]
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On July 1, 2018, Worldpay Inc. acquired Pazien, a US payments data platform startup that Worldpay Group plc first invested in on May 14, 2014. [25] In March 2019, Fidelity National Information Services, Inc. (FIS), announced a $43 billion deal to buy Worldpay, reported as the biggest deal ever in the international payments sector. [26]