Flipkart-Owned PhonePe In Advanced Talks To Buy PoS Platform Run By Zopper thenewsminute.com

UPI-based digital payments major Phone Pe is now said to be on the verge of making an acquisition of its own in the related space. As per a VCCircle report, the target company is Zopper, which is mainly into developing software for point of sale PoS devices on a Software as a Service (SaaS) platform.

Phone Pe is the digital payments vertical acquired being nurtured by the promoters Sachin and Binny Bansal and is an entity independent from Flipkart. Those in the know of the development indicate that a formal announcement on this could come through within a week’s time. Incidentally, the two promoters of Flipkart had made some investments in Zopper’s parent company, Solvy Tech Solutions, way back in 2012.