Unified Payments | Built for the World
Pune, India
Joined June 2016
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We are delighted to announce that PhiCommerce has raised a Series A1 funding of $10 million. This round was led by Singapore-based @beenextVC with participation from Opus Ventures.
@NPCI_NPCI
To know more ➡lnkd.in/dPMPRSix
#funding #fundingnews #fundingalert
UPI MDR is driving conversations around India’s digital payments ecosystem.
Rajesh Londhe, CEO, Phi Commerce, shares his perspective on MDR, platform fees and regulatory compliance, alongside RBI Governor Sanjay Malhotra’s views on transaction volumes.
#PhiCommerce #Fintech
Phi launches Banking Connect in collaboration with NPCI, creating a scalable technology bridge for banks and payment platforms to enable high-value payments.
Unveiled with Ms. Noopur Chaturvedi, MD & CEO, NPCI Bharat BillPay Ltd.
#PhiCommerce #BankingConnect #Fintech
UPI is entering a new phase. As MDR evolves, the focus must go beyond fees to the operational complexity of payments. Rajesh Londhe, Co-founder & CEO, Phi, shares his perspective with Inc42.
🔗inc42.com/features/upis-mone…
#UPI #Fintech
A new chapter for Phi Commerce 🚀
Rajesh Londhe steps in as CEO, leading our next phase of growth across global expansion, product innovation and sustainable growth.
Jose Thattil moves to Executive Chairman, continuing to shape our strategic vision.
#PhiCommerce #Fintech
As UPI enters its next phase, continued investment will be key to building a resilient, sustainable payments ecosystem. Dilip Asbe, NPCI MD & CEO, explains the proposed ₹2,000 threshold and 0.4% MDR in The Times of India.
#UPI #DigitalPayments
UPI’s rapid growth has expanded digital payments across India, supported by the zero-MDR framework since 2020. As the ecosystem enters its next phase, continued investment will be critical to deepen adoption and build a sustainable payments infrastructure.
Our MD & CEO, Dilip Asbe, explains the rationale behind the proposed ₹2,000 threshold and 0.4% MDR, and how the framework aims to support long-term value for citizens, merchants and the wider ecosystem.
Read the full conversation with The Times of India:
timesofindia.indiatimes.com/…
#UPI
@TOIIndiaNews | @toi | @SidharthaTOI |
@mayurshetty01 | @dilipasbe
Small merchants and everyday UPI users remain protected under the proposed MDR framework. P2P, merchant payments up to ₹2,000 per transaction and AutoPay continue without MDR. Dilip Asbe explains the safeguards in The Times of India.
#UPI #DigitalPayments
Person-to-person transactions, merchant payments up to ₹2,000 (per transaction) and AutoPay (recurring payments) will continue without MDR. Small individual merchants receiving up to ₹1 lakh a month into their own accounts will also remain outside its ambit.
Our MD & CEO, Dilip Asbe, explains the safeguards designed to ensure customers and small merchants are not impacted under the proposed UPI MDR framework.
Read the full conversation with The Times of India: timesofindia.indiatimes.com/…
#UPI
@TOIIndiaNews | @toi |
@SidharthaTOI | @mayurshetty01 | @dilipasbe
5% of proposed UPI MDR collections will go towards a dedicated Small Merchant Fund, supporting digital payment adoption among small merchants. Dilip Asbe, NPCI MD & CEO, shares how the framework can support merchant growth while building a sustainable payments ecosystem.
#UPI
5% of the proposed UPI MDR collections will be allocated to a dedicated Small Merchant Fund, helping incentivise digital payment growth among small merchants.
Our MD & CEO, Dilip Asbe, explains how the proposed framework aims to support small merchants while building a sustainable payments ecosystem.
Read the full conversation with The Times of India
timesofindia.indiatimes.com/…
#UPI
@TOIIndiaNews | @toi | @SidharthaTOI | @mayurshetty01 | @dilipasbe
As merchants grow, their payment infrastructure needs to evolve with them. The proposed UPI MDR framework supports this transition from P2PM to P2M, opening access to merchant solutions while keeping transactions up to ₹2,000 MDR-free.
Dilip Asbe explains in The Times of India.
Growing businesses need payment solutions that grow with them.
The UPI MDR framework provides a pathway for micro merchants (P2PM) to transition to a proper mercant (P2M) setup, gaining access to services such as soundboxes, POS devices and other merchant solutions while continuing to receive transactions up to ₹2,000 without MDR.
Dilip Asbe, MD & CEO, NPCI, explains how the framework is designed to support merchants through this journey.
Read the full interview here:
timesofindia.indiatimes.com/…
#UPI
@TOIIndiaNews | @toi |
@SidharthaTOI | @mayurshetty01 |
@dilipasbe
A key clarification on UPI MDR: the ₹2,000 threshold applies per transaction, not per day. There’s no cap on cumulative transactions below it. Dilip Asbe, NPCI MD & CEO, addresses this and other misconceptions in The Times of India.
#UPI #DigitalPayments
₹2,000 is the per-transaction threshold for MDR, not a daily limit. There is no cap on cumulative or repeat transactions below ₹2,000.
In an interview with The Times of India, Dilip Asbe, MD & CEO, NPCI, explains the framework and addresses key misconceptions.
Read the full conversation here: timesofindia.indiatimes.com/…
#UPI
@TOIIndiaNews | @toi | @SidharthaTOI | @mayurshetty01 | @dilipasbe
The proposed UPI MDR framework aims to protect small merchants while enabling continued investment in innovation, security and resilience. In The Times of India, NPCI MD & CEO Dilip Asbe shares the thinking behind this approach.
#UPI #DigitalPayments
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Meet Yoshiro Sarkar, an 11-year-old boy whose dedication, talent, and unwavering passion for skateboarding turned belief into something measurable
#Skateboarding #NationalChampion #Dedication #Discipline #Consistency #Passion #Inspiration #PhiCommerce #Omnichannel #GrowwithPhi
Real-time payments have set a new standard. But if your settlement still lags, your capital does too.
Close the settlement gap with Phi Commerce [email protected]
#RealTimePayments #CashManagement #PhiCommerce #Omnichannel #Settlement #RealtimeSettlement
Think you need a pocket full of foreign currency the second you land abroad? You might want to hold off on that panic search for an exchange counter
Watch our latest episode of Myth Buster to see how you can avoid long airport currency exchange queues
#Phicommerce #Omnichanne
Fee operations shouldn’t be where institutions lose time and control.
Move to faster collections, real-time visibility, and automated reconciliation with Phi Commerce.
Connect today [email protected] to reimagine your fee management.
#PhiCommerce #Omnichannel
UPI’s journey reflects more than growth, it reflects how infrastructure can scale with a nation. Wider access, seamless interoperability, and real-time trust.
Phi enables businesses to stay aligned with systems that operate at this level of scale.
#UPI #NPCI #PhiCommerce
For merchants, even a slight drop in success rates can result in significant missed opportunities at scale.
Phi Commerce provides the smart routing layer your business needs.
Build smarter and more reliable payment system
[email protected]
#PhiCommerce #Omnichannel
For educational institutions, the real challenge lies in tracking, reconciling, and closing the loop efficiently.
It’s time for educational institutions to move from managing collections.
Connect today at [email protected]
#EdTech #SchoolERP #PhiCommerce #Omnichannel
In our recent publication with e27, our Co-founder & Global Expansion Head, Tushar Shankar, highlights a critical shift shaping Southeast Asia’s payment ecosystem.
Read more: lnkd.in/dyY-DB3k
#DigitalPayments #SoutheastAsia #Philippines #PhiCommerce #Omnichannel
🤖 Made with AI
From April 01, digital payments get a smarter layer of security, a more intelligent approach by the @reservebankofindia
The result? A safer, more reliable digital payment ecosystem where users can transact with greater confidence
#DigitalPayments #PhiCommerce #Omnichannel #RBI
🤖 Made with AI
