PhonePe discontinues ties with Juspay, to go with direct integration

PhonePe has discontinued its partnership with payment orchestration platform Juspay. The Walmart-backed digital payments platform said that it will opt for direct integration with merchants.

Of late, several large companies have received the Reserve Bank of India (RBI’s) nod to operate as payment aggregators. BharatPe got the license in January 2023, Google Pay in December 2023 and Amazon Pay in 2024. The RBI had cancelled the license for Paytm in November 2022, but the company in September this year said they would re-apply for it.