WigglyBanana
WigglyBanana

PhonePe crosses PayTM in terms of MAU

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9mo ago
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ZestyQuokka
ZestyQuokka

Who is using PhonePe?! Seen no one tbh

WigglyBanana
WigglyBanana

It's a north vs south thing somehow I've seen majority people in BLR using PhonePe

SillyPretzel
SillyPretzel
TCS9mo

Ppl in Bangalore uses CReD instead of phone pe and paytm

QuirkySushi
QuirkySushi

GooglePay ke interview mein I told them that unlike in GooglePay the money getting stuck issue doesn’t come in PhonePe so that’s a great area of improvement. They took it to their heart and didn’t select me 😂

GroovyPancake
GroovyPancake

You are being Savage. Hats off

FluffyPanda
FluffyPanda
TCS9mo

Stop lying. I feel pity after reading your comment.

WigglyMochi
WigglyMochi

Wait.. people use Phonepe? In majority, either they are using either Google pay or Paytm. This is some news for me😐

BubblyBurrito
BubblyBurrito

As pointed in another comment it's a north south thing most probably. Most merchants and users in Hyderabad & Bangalore that I came across use PhonePe. Most merchants (not sure about the users in North) I came across in MP & Delhi use PayTM.

DizzyLlama
DizzyLlama

North me bhi sab Phonepe use karte hai boss. North vs South nahi hai ye

BouncyCupcake
BouncyCupcake

Sorry but isn’t PayTM soft blocked pretty much by RBI. Not much a competition. Also PhonePe is much more lighter and reliable than GPay in certain situations.

DizzyLlama
DizzyLlama

Har situation me Phonepe >>> Gpay >>>>>>>>>>> Paytm

GroovyPancake
GroovyPancake

As per me Paytm is the best. Paytm UPI & Paytm Payment Bank combined... No downtime, no transaction failures, great service.

I miss Paytm Payments Bank

SnoozyKoala
SnoozyKoala

We too! 🫡

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Curated from across
Indian Startups
by FloatingWaffleFlipkart

Why does Walmart keep pumping soo much money even with unnecessary things with Flipkart?

  1. Migrating PhonePe to India 1B $ in useless tax

  2. Like that stupid separation of PhonePe from Flipkart ~0.7B $

  3. Now this 3.5B$ just to increase its stake when it was already a majority owner! What's going on?

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Top comments
user

Maybe, Taking on Reliance retail and Amazon in India? Tech infra for Walmart (random guess) 100% or ownersh...

user

You need to read more on PhonePe IPO plans and mandates associated with going public in Indian markets. Calling somet...

user

India is going to be the major consumer economy after US in 5-10 yrs. Reliance has already pumped a few 100 billions ...

News Discussion
by CosmicTacoGrapevine

PhonePe Achieves 74% Revenue Growth and Turns Adjusted PAT Positive

  • PhonePe Group reported revenue of INR 5064 Cr for FY23-24, a 74% increase from INR 2914 Cr in FY22-23.
  • The company achieved an Adjusted PAT of INR 197 Cr for FY23-24, reversing a loss of INR 738 Cr from the previous year.
  • Standal...
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44K
Top comments
user

Their UPI app is the best out there.... The company which lets their product speak... Kudos to them 🥂🎉

user

Closure of Paytm Payments Bank was the reason.

user

Great company. How adjusted is the PAT tho