Network Security Internet Technology Development Database Servers Mobile Phone Android Software Apple Software Computer Software News IT Information

In addition to Weibo, there is also WeChat

Please pay attention

WeChat public account

Shulou

Wal-Mart invests $200 million in Indian mobile payment giant PhonePe

2025-04-06 Update From: SLTechnology News&Howtos shulou NAV: SLTechnology News&Howtos > IT Information >

Share

Shulou(Shulou.com)11/24 Report--

On the afternoon of March 17, Beijing time, it was reported that Wal-Mart had invested 200 million US dollars in Indian mobile payment giant PhonePe. PhonePe is in the process of raising a new round of funding, with plans to raise up to $1 billion, with an estimate of $12 billion.

"India is one of the largest digital incremental markets, and I am glad to have the opportunity to continue to support PhonePe," said CEO Judith McKenna, president and CEO Judith McKenna of Walmart International.

Earlier, PhonePe was separated from its parent company, Flipkart, an Indian e-commerce company, and Flipkart was also invested by Wal-Mart. Wal-Mart describes the separation of the two as "similar to eBay and PayPal"-each operating independently and pursuing its own plans.

Last month, Wal-Mart said the separation of Flipkart and PhonePe was "very similar to eBay and PayPal, which operate independently and can pursue their own plans."

Welcome to subscribe "Shulou Technology Information " to get latest news, interesting things and hot topics in the IT industry, and controls the hottest and latest Internet news, technology news and IT industry trends.

Views: 0

*The comments in the above article only represent the author's personal views and do not represent the views and positions of this website. If you have more insights, please feel free to contribute and share.

Share To

IT Information

Wechat

© 2024 shulou.com SLNews company. All rights reserved.

12
Report