Flipkart to invest $500 million in payments arm PhonePe

SoftBank-backed Flipkart on Thursday said it will invest USD 500 million
in PhonePe to scale up operations of its payments arm. The commitment
is in addition to the USD 75 million infused by Flipkart in PhonePe
since the acquisition in 2015, Flipkart said in a statement.

Read more: http://www.businesstoday.in/current/corp...

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