While the app store will be free for a year, PhonePe has not finalized a pricing structure for the subsequent year, though the fintech indicated that it will be in the "low single digits" in addition to the basic fee
The e-commerce unicorn is willing to explore a new strategy that eyes scaling some selected private labels instead of scaling a group of in-house brands
The platform, which has 450 million customers, will be distributing loans of up to Rs 5 lakh which can be repaid in up to three years, it said in a statement
The affected employees will receive three months of severance pay, medical, dental and vision coverage through the Consolidated Omnibus Budget Reconciliation Act (COBRA)