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The Flipkart board has taken this decision to allow PhonePe to access dedicated capital to fund its long-term ambitions over the next three to four years
NPCI has allowed the messaging app to roll out the facility with only 20 million users initially
BHIM accounted for 46.6 per cent of all UPI transactions by volume in July 2017, but this has sharply declined to a paltry 1.06 per cent in July 2020
This collaboration will facilitate Paytm users to easily pay through their Paytm Wallet and Paytm UPI while shopping on Flipkart during the Big Billion Days sale
The new added categories include large cap funds, mid and small cap funds, diversified funds, index funds, hybrid - aggressive and dynamic asset allocation, debt funds, liquid and tax saving funds