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.
