India: Retail giant Walmart plans to hive off PhonePe from Flipkart

India: Retail giant Walmart plans to hive off PhonePe from Flipkart

Photo: Walmart

Walmart, the world’s largest retailer, is in talks to hive off PhonePe, the payment system and digital wallet company of homegrown e-commerce behemoth Flipkart, into a separate entity, according to a report by the Economic Times.

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