Bhubaneswar: Startup Odisha, an initiative under the MSME Department of Odisha government, on Friday signed a Memorandum of Understanding (MoU) with digital payment platform PhonePe Private Limited.
The signing ceremony took place at the O-Hub Building in Bhubaneswar.
The MoU was formally signed by Chief Administrative Officer, Startup Odisha, Kamaljit Das and Chief Business Officer, Merchant Business at PhonePePrivate Private Limited, Yuvraj Singh Shekhawat. As part of the agreement, Startup Odisha will refer eligible startups to PhonePe, and PhonePe will provide onboarding support and access to its cutting-edge digital infrastructure.
“This MoU signing ceremony with PhonePe Private Limited will ensure ease of doing business and enable startups registered with Startup Odisha to seamlessly access PhonePe’s suite of digital payment and business technology services, helping them streamline operations, enhance customer experience, and scale faster,” an official release said.
The startups registered will be able to access PhonePe’s wide range of services including payment technology solutions, marketing, and promotional support, subject to the platform’s onboarding policies and verification processes.
It further stated that this is part of the efforts to bring global and national corporate partnerships to Odisha with focus on fostering innovation, building institutional linkages, creating impactful opportunities, and nurturing the startup ecosystem in the state.