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Jan 27, 2023
PhonePe Raises $350 mln, Becomes India’s Most Valuable Payments Firm
Walmart-backed PhonePe said on Thursday it raised $350 million from private equity firm General Atlantic at a $12 billion valuation, making it India's most valuable payments firm and giving it funds to expand into the lucrative lending space. A second tranche of...
Nigeria Launches Domestic Card Scheme to Boost Cashless Economy
Nigeria’s central bank has launched a domestic card scheme to rival foreign cards like Mastercard and Visa, hoping to enhance its drive to make Africa’s biggest economy a cashless society and save the country foreign transaction fees. The announcement on Thursday...
4 Payment Trends for Grocers to Watch Throughout 2023
A landscape of mixed economic signals surrounds grocers entering the New Year. Inflation has slowed yet remained persistent, affecting everyday purchases like gas and groceries, while supply chains have yet to stabilize...So, how are grocers responding? We see...
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