PhonePe Teams Up with DPIIT to Enable Early-stage Indian Startups
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PhonePe announced a strategic partnership with the Department for Promotion of Industry & Internal Trade (DPIIT), signing a two-year Memorandum of Understanding (MoU), to accelerate the growth of early-stage and high-growth ventures across the country. Aligning directly with key national vision initiatives - including Startup India, Digital India, and Atmanirbhar Bharat, the collaboration aims to democratize access to digital payment infrastructure, technology platforms, and essential scale-up capabilities for DPIIT-recognized startups. By removing technology entry barriers, expanding market access, and equipping emerging merchants with digital tools, the partnership seeks to strengthen India's broader startup and MSME ecosystem. Through this initiative, PhonePe aims to address several critical operational hurdles faced by early-stage businesses: · Distribution & Cost Overhead: Resolves initial setup costs via commission-free app delivery channels and preferential processing terms for PhonePe's Payment Gateway. · Onboarding & Operations: Eliminates administrative delays by delivering guaranteed priority onboarding with quick turnaround times. · App distribution: Enables app-based startups to leverage Indus Appstore for app listing, distribution, and enhanced visibility. · Mentorship & Capability-Building: Fills vital knowledge gaps through founder mentorship via the...
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