Digital Economy

    Subscribe to Daily News

    Sign up for the most important global Technology news, from startup´s to Big Tech companies

    AWS Launches Fintech Africa Accelerator for Early-Stage Startups in Africa

    Dubai launches “04” platform to improve collaboration between government and customers

    Digital Industries partners with AVEVA to offer industrial software solutions in East and West Africa regions

    ANB Capital to launch Nextgen Trading Platform in partnership with Direct Financial Network Company

    Facebook Twitter Instagram
    Facebook Twitter Instagram LinkedIn
    Digital EconomyDigital Economy
    • Home
    • News

      AWS Launches Fintech Africa Accelerator for Early-Stage Startups in Africa

      Dubai launches “04” platform to improve collaboration between government and customers

      Digital Industries partners with AVEVA to offer industrial software solutions in East and West Africa regions

      ANB Capital to launch Nextgen Trading Platform in partnership with Direct Financial Network Company

      CBUAE Implements Central Bank Digital Currency Strategy with G42 Cloud and R3

    • Categories
      1. Tower
      2. Digital Finance
      3. Datacenter
      4. Regulatory
      5. Software
      6. Cloud
      7. Blockchain
      8. Cyber Security
      9. View All

      Tap Payments and PayPal partner to expand global reach for MENA businesses

      Faisal Islamic Bank set to revolutionize Egypt’s digital banking experience

      Saudi fintech Tamara secures $150m debt facility from Goldman Sachs to finance growth

      Lesotho Revenue Service Launches E-Payment and E-Taxation Services to Ease Tax Payments and Improve Data Access for Decision Making

      Africa Data Centres enables remote peering through the INX-ZA partnership

      Orange Digital Centre Opened in Guinea to Promote Digital Skills and Innovation

      Apple Advances Introduces New User Security With Powerful Data Protections

      Data Centres Urged To Adopt Renewables To Avoid Distruption

      UK, Japan Partner on Digital Regulations

      MTN Zambia Launches 5G Network to Drive Digital Economy

      Spectra Logic launches Cost-Effective Digital Archive Solution that Simplifies Long-Term Digital Preservation

      CBUAE Implements Central Bank Digital Currency Strategy with G42 Cloud and R3

      LandVault secures strategic funding round from web3 firms for metaverse infrastructure building

      Cisco Partners Microsoft on Innovations to Advance Hybrid Work Experience with Audio and Interoperability

      IPv6 Reports to Lead Development of the Internet has it enters its New Era

      MetaMask and MoonPay Expand Offering in Nigeria with Localized Payment Method

       UAE Launches RAK Digital Assets Oasis, World’s Only Free Zone for Digital and Virtual Asset Companies

      Crypto market rises as banking sector and interest rate cut speculations boost investor sentiment

      DMCC signs MoUs with South Korean entities to expand Dubai’s position as a hub for Web3 businesses

      Emirates NBD partners with Plug and Play Abu Dhabi to seek FinTech solutions for risk management and cyber security

      AmiViz partners with PolySwarm to offer blockchain-based malware threat intelligence on its B2B platform for Middle East enterprises

      Liquid Intelligent Technologies Acquires Cysiv MEA to Expand Cloud and Cybersecurity Services in Egypt and MENA Region

      Du showcases cybersecurity technologies and solutions at GISEC Global 2023 to boost digital resilience

      AWS Launches Fintech Africa Accelerator for Early-Stage Startups in Africa

      Dubai launches “04” platform to improve collaboration between government and customers

      Digital Industries partners with AVEVA to offer industrial software solutions in East and West Africa regions

      ANB Capital to launch Nextgen Trading Platform in partnership with Direct Financial Network Company

    • Features
    • Appointment

      Capco appoints Andrew McGinn as Partner and South East Asia Digital Lead in Singapore

      RedSea expands Board of Directors with new appointments to accelerate growth and sustainability efforts

      Jeanette Irekvist appointed President of Ericsson Canada

      Ad Dynamo by Aleph Appoints Stephen A. Newton as Managing Director for Africa

      Former Deloitte CEO Punit Renjen Nominated as Chairman of SAP

    • Interviews
    • List
      1. Digital Economy Personality of the week
      2. Women in Tech
      3. View All

      Mr. Eliud Owalo, Kenya’s Cabinet Secretary Ministry of Information, Communication and the Digital Economy named Digital Economy Personality of the Week

      Mrs. Olugbemisola Aruwayo-Obe, Country General Manager, IBM West Africa Becomes Digital Economy Personality of the Week

      Dr. Sujith Jayaprakash, Rector of BlueCrest University College Ghana, emerge as Digital Economy Personality of the Week

      Lillian Barnard, CEO of Microsoft South Africa Becomes Digital Economy Personality of the Week

      Mrs. Olugbemisola Aruwayo-Obe, Country General Manager, IBM West Africa Becomes Digital Economy Personality of the Week

      Lillian Barnard, CEO of Microsoft South Africa Becomes Digital Economy Personality of the Week

      Hon. Ursula Owusu-Ekuful, Ghana’s Minister for Communications and Digitalization Named Digital Economy Personality of the Week

      Katherine Ainley, CEO Ericsson UK & Ireland, Emerges as Digital Economy Personality of the Week

      Mr. Eliud Owalo, Kenya’s Cabinet Secretary Ministry of Information, Communication and the Digital Economy named Digital Economy Personality of the Week

      Mrs. Olugbemisola Aruwayo-Obe, Country General Manager, IBM West Africa Becomes Digital Economy Personality of the Week

      Dr. Sujith Jayaprakash, Rector of BlueCrest University College Ghana, emerge as Digital Economy Personality of the Week

      Lillian Barnard, CEO of Microsoft South Africa Becomes Digital Economy Personality of the Week

    • Events
    • Download
      • Newsletter
        • JUNE EDITION
        • JULY EDITION
        • AUGUST EDITION
        • NOVEMBER EDITION
      • Magazine
    • Contact
    Digital Economy
    Digital Finance

    Indian fintech PhonePe raises $200 million from Walmart in ongoing funding round, valuing the company at $12 billion

    adminBy admin2 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest WhatsApp Email

    PhonePe, the Indian fintech giant, has raised an additional $200 million as part of an ongoing financing round, bringing the total raised to $650 million in recent weeks, despite market instability. The round has been led by Walmart, which owns the majority of PhonePe and values the company at $12 billion pre-money. PhonePe plans to raise up to $1 billion as part of the financing round, which it will use to expand its offerings and provide financial services for Indians at scale.

    PhonePe competes with Google Pay and Paytm and dominates transactions on UPI, a network built by a coalition of retail banks in India. The network processes over 8 billion transactions a month, with PhonePe commanding around 50% of them. Last week, PhonePe announced it was on track to process transactions worth $1 trillion annually.

    READ ALSO:
    Dubai issues world’s first secured digital certificates using Soulbound Token technology

    Biden Administration Threatens to Ban TikTok Unless Separated from Chinese Ownership

    Baidu launches Ernie Bot, but investors unimpressed with presentation

    The recent extension of the deadline until 2025 for the regulator’s market cap on each participating player has paved the way for PhonePe’s growth for another two years. Industry experts believe PhonePe’s end game may be to become a bank, justifying the lofty valuation. PhonePe clocked a revenue of $234.3 million in the first nine months of 2022, projecting a revenue of $325 million for 2022 and $504 million for 2023. The firm doesn’t expect to turn EBIDTA positive until 2025.

    PhonePe
    Share. Facebook Twitter LinkedIn Email
    admin
    • Website

    Related Posts

    Tap Payments and PayPal partner to expand global reach for MENA businesses

    Faisal Islamic Bank set to revolutionize Egypt’s digital banking experience

    Saudi fintech Tamara secures $150m debt facility from Goldman Sachs to finance growth

    Lesotho Revenue Service Launches E-Payment and E-Taxation Services to Ease Tax Payments and Improve Data Access for Decision Making

    Taly Launches Ecosystem for Digital Payments and Collections in Egypt with Over EGP 500 Million Investment

    MENA Fintech Association Launches “The Council” for Influential Leaders in Fintech at Investopia Conference in Abu Dhabi

    Leave A Reply Cancel Reply

    Demo
    Top Posts

    Data Center and Technology Predictions 2023

    Ghana’s Girl’s-in-ICT initiative: – Bridging the Gender Digital Divide

    Digital Economy Unveils Top 20 Digital Economy Leaders in Kenya

    Don't Miss

    AWS Launches Fintech Africa Accelerator for Early-Stage Startups in Africa

    Amazon Web Services (AWS), the cloud computing division of Amazon, is expanding its presence in…

    Dubai launches “04” platform to improve collaboration between government and customers

    Digital Industries partners with AVEVA to offer industrial software solutions in East and West Africa regions

    ANB Capital to launch Nextgen Trading Platform in partnership with Direct Financial Network Company

    Most Popular

    AWS Launches Fintech Africa Accelerator for Early-Stage Startups in Africa

    Dubai launches “04” platform to improve collaboration between government and customers

    Digital Industries partners with AVEVA to offer industrial software solutions in East and West Africa regions

    Features

    Data Center and Technology Predictions 2023

    Ghana’s Girl’s-in-ICT initiative: – Bridging the Gender Digital Divide

    Digital Economy Unveils Top 20 Digital Economy Leaders in Kenya

    Subscribe to Daily News

    Sign up for the most important global Technology news, from startup´s to Big Tech companies

    Digital Economy
    Facebook Twitter Instagram LinkedIn WhatsApp
    • Home
    • About us
    • News
    • Features
    Copyright © Digitaleconomymag 2023. All Rights Reserved

    Type above and press Enter to search. Press Esc to cancel.