According to media reports, the company attributed this achievement to its strategic focus on automation and cost efficiencies, which have helped drive operational leverage
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This launch comes 18 months after Flipkart and PhonePe, India’s leading UPI app with nearly 50% market share, parted ways. Reports suggest that Flipkart is in discussions to raise USD 20 million for Super.Money.
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Paytm has been bullish on UPI and has formed partnerships with various banks and financial institutions including Axis Bank, HDFC Bank, State Bank of India (SBI), and YES Bank to enhance its LIPI service
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Users can access lending solutions through the existing 'loan' section on the PhonePe app, select their desired category, and choose from a list of lenders
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As a next step, parties have already taken steps to withdraw all oppositions against each other in the trademark registry which will help them to proceed with the registration of their respective marks
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