Flipkart buys mobile payments startup founded by its ex-employees

The PhonePe app, which is yet to hit the market, will enable customers to pay, request & receive money from their handset Flipkart has acquired Bangalore-based PhonePe, a mobile payments company founded by former employees of the Indian e-commerce major. The transaction details are not disclosed. Post-acquisition, PhonePe will be run as an independent entity....
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