General Atlantic invests an extra $100 million in PhonePe

[{"selector":"#anim-b3259f64-1dbc-4c91-8d93-cbe4889805cb","keyframes":{"opacity":[1,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-abf16e46-bb2d-405f-9b3c-84cde9ae3254","keyframes":{"transform":["scale(3)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-cd81ba3f-3b95-4a13-a058-b8a4ecbcb0e0 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(-12.500000097520811%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] The fresh financial injection has pushed PhonePe’s raised cash to a total of $850 million in the current round.

[{"selector":"#anim-5de3fe78-5894-4103-a413-15e4d87c5725","keyframes":{"opacity":[1,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-c3f54e85-8d2c-402b-aaad-9ff0ac3e3514","keyframes":{"transform":["scale(3)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] PhonePe is built on the UPI (Unified Payment Interface) platform, which is supported by the government. What exactly is UPI? Learn more

[{"selector":"#anim-901fdaf3-362c-482b-a1a3-b6f1736fde38","keyframes":{"opacity":[1,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-002fb116-1d0d-4837-b683-fc668124921b","keyframes":{"transform":["scale(3)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] You may transfer and receive money immediately using a VPA (or Virtual Payment Address) with the PhonePe UPI app. This implies that you may transfer funds between any two bank accounts. Learn more

[{"selector":"#anim-f96ab063-a04a-465b-a3a7-c7e49086be60","keyframes":{"opacity":[1,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-03409c30-49f5-4c20-a6b4-5c36df4aba19","keyframes":{"transform":["scale(3)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] PhonePe, which was founded in 2015, has grown to become one of India’s top payment applications. Learn more

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