CURRENT AFFAIRS

Detailed explanation-1: -We partnered with Extreme-IX as their wide geo-presence in India has enabled an effective rollout for us. ‘’

Detailed explanation-2: -PhonePe has partnered with RedBus, Ola, eat. fit, Goibibo, Swiggy along with over 300 consumer brands for integrating their existing PWAs (progressive web apps) or mobile sites to its Switch platform.

Detailed explanation-3: -As of now, PhonePe processes payments for merchants with an interface wherein users may pay via UPI, their saved credit card, and debit card. Besides UPI, PhonePe’s app makes rental and bill payments, ticket purchases along with insurance purchases.

Detailed explanation-4: -Ease of Doing Business for MSMEs: Walmart-owned fintech PhonePe has enabled online payments for 80 lakh merchants in the last 18 months as a part of the Reserve Bank of India’s Payments Infrastructure Development Fund (PIDF) scheme, said PhonePe in the company’s statement.

Detailed explanation-5: -PhonePe is India’s most trusted digital payment partner. With PhonePe Payment Gateway, you get to process all your online payments with a 100% secure and seamless platform equipped to handle large-scale transactions with best-in-class end-to-end success rates.