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India’s PhonePe taps Cloudera to streamline data management | Fintech InShorts: Latest fintech news, analysis by experts

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India’s PhonePe taps Cloudera to streamline data management

By Laura M

August 24, 2023

Indian fintech giant PhonePe partners with Cloudera to enhance data management and operational efficiencies.

Facts

PhonePe is collaborating with Cloudera to optimize its data management using the Cloudera Data Platform (CDP).
A portion of PhonePe’s data workloads will be migrated to the cloud, while the rest will remain on-premise for a hybrid data platform.
This move aims to help PhonePe manage its growing data volumes and access data from anywhere without compromise.
Cloudera’s hybrid data platform includes an observability solution for workload visibility, predictability, and operational efficiency.
PhonePe, India’s largest payments app, serves over 460 million users and offers various payment services, investments, and insurance products.
PhonePe has raised $850 million in funding this year, with plans to expand into new businesses and introduce new products for UPI payments in India.

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