Through a series of nimble innovations, NPCI has digitised and revolutionised Indian payments space. The high profit margins helped the organisation to keep innovating at a pace that can put even the best of the fintech start-ups to shame.
Fintech firm PhonePe on Wednesday said it had to pay Rs 8,000 crore in taxes for shifting its domicile to India and is also likely to incur an accumulated loss of Rs 7,300 crore.
As part of this development, the former Indian national volleyball team's captain, Abhijit Bhattacharya, has come on board as the General Manager of the franchise.