BANKING GENERAL KNOWLEDGE
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Question
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Point of Service
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Point of Sale
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Point of Scheme
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Point of System
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Detailed explanation-1: -BENGALURU: Flipkart’s PhonePe has acquired Zopper Retail, a hyper-local point-of-sale (PoS) platform for small and medium businesses. As part of the acquisition, Zopper founder and CEO Neeraj Jain will join PhonePe as head of product, offline merchant solutions.
Detailed explanation-2: -Flipkart’s digital payment subsidiary PhonePe has acquired Zopper Retail – a hyperlocal Point of Sale (POS) platform for small and medium businesses. The acquisition is a part of the company’s strategy to aggressively ramp up its offline business.
Detailed explanation-3: -PhonePe Group was acquired by Flipkart Group in 2016. “We are confident PhonePe will continue to scale and achieve its vision of providing financial inclusion to millions of Indians, ” said Kalyan Krishnamurthy, CEO of Flipkart Group.
Detailed explanation-4: -Indian e-commerce giant Flipkart acquired PhonePe in 2016 and moved the payments firm’s entire base to the country from Singapore. Now, both companies have confirmed that Flipkart no longer owns a stake in PhonePe.
Detailed explanation-5: -“Flipkart and PhonePe are proud, homegrown Indian brands with a user base upwards of 400 million each. We are looking forward to the next phase of our growth as we invest in new businesses – like insurance, wealth management and lending, while also enabling the next wave of growth for UPI payments in India.