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Flipkart acquires mobile payment firm PhonePe

Flipkart has acquired mobile payment firm PhonePe. It is a bangalore based payment company which was started by ex-Flipkart employees. PhonePe team will transition to Flipkart but will function as an independent business unit. PhonePe is building India’s first Unified Payments Interface (UPI) based product. UPI allows to transact without sharing bank details. The transaction…

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