PhonePe to acquire Indian app store IndusOS – Should Google Play Store feel threatened?



The Walmart-owned digital payments platform PhonePe is all set to acquire homegrown mobile platform Indus OS in a cash deal worth $600 million. And it is seen as a development that has long-term portents for Google Play Store, which as of now enjoys huge dominance in the Android market.

The reported deal, first reported by the site Entrackr, is expected to help strengthen Switch, which is PhonePe’s integrated platform for food, grocery, shopping, and travel. The Indus OS team will also lead the operations of Switch and help PhonePe build an ecosystem of apps.



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