India: Flipkart to invest $500m in its payments arm PhonePe Photo: REUTERS/Abhishek N. Chinnappa Bhawna Gupta October 12, 2017 PremiumE-commerce major Flipkart has committed to invest $500 million in its group payments platform PhonePe, which is scaling its operations. Continue reading this story with a subscription to DealStreetAsia. Subscribe Already a subscriber? Log in Should your colleagues be reading this article too? Contact us for corporate subscriptions at email@example.com.