Reported 2 days ago
PhonePe, the Indian fintech company backed by Walmart, is taking steps to go public on India's stock exchanges, citing its strong financial performance in its latest annual report. After achieving a consolidated profit for the first time in fiscal year 2024, and with significant user engagement in payment processing, PhonePe aims for a public offering, although no specific timeline has been announced. The company has a dominant share of UPI payments in India, processing over 310 million transactions daily.
Source: YAHOO