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PhonePe launches fixed deposit distribution: Here's how to book FDs across banks, NBFCs using app - Stepwise guide. PhonePe launches fixed deposit (FD) distribution allowing customers to compare and book high-yield fixed deposits with partner banks and NBFCs online. Here's a stepwise guide on how to book deposits using the app... Published 7 Aug 2026, 10:46 PM IST PhonePe this week launched a fixed deposit (FD) distribution, which allows users to compare options on offer by partner banks and non-banking financial companies (NBFCs) before booking FDs on its mobile app, the company said in a release. Further, the online payment aggregator has also introduced a Daily Recurring Deposit (SIP) micro-savings product with Shivalik Small Finance Bank. "This offering enables users to build a disciplined savings habit with investments starting at just ₹100 per day," the release added. Deep Agrawal, VP and Head of Payments at PhonePe said the vision is to "empower every Indian to accelerate their financial progress". Open FDs directly within PhonePe app. According to the statement, users can now open FDs directly within the PhonePe app. Key features include: * Providing a stable, low-risk savings option. * Discover, compare, and instantly book FDs from trusted partners. * FDs booked with the partner banks are insured up to ₹5 Lakh by the Deposit Insurance and Credit Guarantee Corporation (DICGC), as per Reserve Bank of India (RBI) guidelines. * Enables users to invest across multiple banks and facilitates seamless management of all their FDs within the PhonePe app. "FDs remain a cornerstone of Indian household savings, offering guaranteed returns. By turning a traditionally offline process into a seamless, 100% digital journey, with the ability to interoperably invest using any bank account on the UPI rails, we are making these savings instruments accessible to the heart of Bharat with absolute confidence, capital safety, and convenience," Agrawal added. Daily Recurring Deposit (SIP): key highlights. * The Daily RD (SIP) combines automated SIPs with the security and familiarity of a bank deposit. * Users can automate small-ticket investments ranging from ₹100-1,000 per day. * It is backed by the simplicity and scale of UPI Autopay, * It offers instant liquidity, allowing users to withdraw funds after just seven days or stop the mandate anytime with no penalties on missing investments during a consecutive 15-day grace period. How to access and book FDs on PhonePe app. * Open the PhonePe app and tap Fixed Deposits or Daily RD under the "Mutual Funds & Deposit" section on the home screen. * Select the preferred partner bank or NBFC from the aggregated dashboard. * Select the tenure (7 days up to 10 years) and enter the investment amount. * You will have to verify ID using Aadhaar and PAN. * Add nominee details and complete the payment using PhonePe or netbanking to complete booking the FD. * For customer's choosing the Daily RD option, authorise the automated UPI Autopay mandate. * You have flexibility to withdraw FDs and Daily RDs seamlessly at any time of the day. Launched in 2016, as of April 2026, PhonePe has more than 70 crore registered users, according to the release. Its digital payments acceptance network is spread across over 5 crore merchants. The Walmart owned company's products and services include consumer payments (including digital distribution services), merchant payments, lending and insurance distribution services, and new platforms, which comprise Share.Market (stock broking and mutual funds distribution platform), and Indus Appstore (Android-based mobile app marketplace). Disclaimer: This story is for educational purposes only. The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. India Inc advise investors to check with certified experts before making any investment decisions.

PhonePe launches PulsePro to turn UPI data into business intelligence. Summarize with: New Delhi, July 30(APAC Media): PhonePe has expanded its payments business with the launch of PulsePro, a business intelligence platform that uses aggregated UPI transaction data to help companies analyse consumer spending trends and market activity. The new platform allows businesses to study category-wise demand, regional spending patterns and digital payment adoption at the district and postal code level. The data is aggregated and anonymised, meaning individual customer transaction details are not shared. The tool is designed to support decisions related to market expansion, retail planning, distribution strategies and identifying growth opportunities. The launch reflects a broader shift in India's fintech sector, where payment companies are increasingly using transaction data to offer analytics and enterprise services beyond payment processing. PhonePe had introduced PhonePe Pulse in 2021 as a free public platform for digital payment insights. PulsePro builds on that offering with enterprise-focused analytics, while the original Pulse platform will continue to remain free. The launch also brings renewed attention to data privacy. As payment platforms expand into analytics, the use of aggregated financial data is expected to face greater scrutiny to ensure consumer information remains protected. PhonePe said PulsePro relies only on anonymised and aggregated data and does not provide access to individual transaction records. Summarize with:

Eight Indian fintech firms feature in world's top fintech companies list for 2026. text_fields bookmark_border "Wealth technology" remained the second-largest category with 75 companies, accounting for 15 per cent of the list. Eight Indian fintech companies, including BharatPe, Paytm, and PhonePe, have been featured in the World's Top Fintech Companies 2026 list, reflecting India's growing presence in the global digital payments ecosystem. The Indian companies included in the list are BharatPe, Cashfree, Freecharge, MobiKwik, Razorpay, PhonePe, Paytm, and Skydo. All were recognised in the payments category. According to CNBC and research firm Statista, the payments segment accounted for 115 of the 500 companies on the list, making it the largest fintech category for another year. The report said payment firms are increasingly expanding beyond checkout solutions to focus on real-time domestic and cross-border money transfers. "Wealth technology" remained the second-largest category with 75 companies, accounting for 15 per cent of the list. Enterprise fintech and alternative financing each represented 12 per cent. Regtech was introduced as a separate category this year and, along with digital assets, was among the smallest segments, reflecting the growing emphasis on regulatory compliance as artificial intelligence introduces new operational risks. The rankings were compiled by Statista after evaluating 3,500 fintech companies using more than 25,000 data points, including revenue growth and employee headcount. The final list includes companies from more than 50 countries and territories and is presented alphabetically within each category rather than as a numerical ranking. Citing a McKinsey report, CNBC said the global fintech industry generated $650 billion in revenue in 2025, a 21 per cent increase from the previous year, compared with 6 per cent annual growth for the broader financial services industry. The report also noted that 31 fintech companies went public in 2025, taking the combined market capitalisation of listed fintech firms to a record $850 billion. CNBC said the industry is entering a phase where scale, profitability and regulatory maturity are becoming key differentiators, while artificial intelligence is reshaping financial infrastructure. The opinions expressed within this comment are the personal opinions of the author. The facts and opinions appearing in the comment do not reflect the views of Madhyamam and Madhyamam does not assume any responsibility or liability for the same