Walmart Invests $200 Million in India’s PhonePe
Walmart, the world’s largest retailer, has recently invested $200 million in India’s PhonePe, a digital payments platform. This investment is part of Walmart’s strategy to expand its presence in the Indian market and to compete with Amazon, its biggest rival. PhonePe was founded in 2015 and is now India’s leading digital payments platform. It allows users to make payments for goods and services using their smartphones. The platform also provides a range of financial services such as money transfers, bill payments, and insurance. Walmart’s investment in PhonePe is part of