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Walmart Got a $10 Billion Surprise After Buying Flipkart

“PhonePe — which means “on the phone” in Hindi and is pronounced “phone pay” — has grown into one of India’s leading digital payments companies. Its volume and value of transactions have roughly quadrupled over the past year as the country’s consumers adopt the technology to transfer money digitally to businesses and each other. PhonePe is gaining ground on Paytm, which leads the field and is backed by Warren Buffett .”