CURRENT AFFAIRS

Detailed explanation-1: -Digital payments platform PhonePe has partnered with Flipkart to launch a contactless ‘Scan and Pay’ feature for Flipkart’s pay-on-delivery orders.

Detailed explanation-2: -Flipkart and PhonePe are now set up as separate businesses within the Walmart Group. Before, PhonePe was a business that was part of Flipkart. The formal completion follows the partial separation announced in December 2020.

Detailed explanation-3: -Ecommerce major Flipkart, which acquired PhonePe in 2016, has fully separated its ownership from the digital payments platform, both firms said in a joint statement on Friday. Establishing these businesses as individual entities will allow both companies to chart their own growth paths, they added.

Detailed explanation-4: -This will help those consumers, who opted for cash on delivery, who can use this facility to scan the QR code attached to their purchase and make a digital payment for their order through any UPI app at the time of delivery.

Detailed explanation-5: -All you need to do is scan the QR code and complete your payment with your preferred UPI, be it PhonePe, Paytm, Google Pay, MobiKwik or any other app that you use.