GooglePay, PhonePe (supported by Walmart), and AmazonPay are three of the five payment companies vying to participate in the Indian central bank's digital currency trial.
Fintech company Volt Money formed a strategic alliance with PhonePe to provide mutual fund loans to the company's clients. PhonePe is a major player in digital payments.
L&T Finance and fintech startup PhonePe have established a strategic alliance to offer a wider array of financial services, such as secured home loans and financing for two-wheelers.