 "PhonePe")
Walmart-owned digital payments firm PhonePe is in the process of acquiring home-grown mobile platform Indus OS for $60 million in a cash deal, according to the sources. People in the know said the acquisition would help PhonePe in its “super app and vernacular language” strategy to integrate various apps on its platform. The move would help PhonePe to compete better with players such as Alibaba-backed Paytm, Google Pay and Amazon Pay, which are also building similar capabilities.
“The talks between PhonePe and Indus OS are going on and the deal is expected to be closed soon,” said a person.
PhonePe did not
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