Flipkart, Amazon, BigBasket witnessing spectacular growth: PhonePe CEO

As the acceptance of digital payments have exploded in the country, Walmart-owned PhonePe is expecting its userbase to grow from 300 million to 900 million by 2026

India has one of the largest and youngest smartphone data connected populations in the world.  Due to this digital payments are really becoming omnipresent in India which is really a good sign for the larger e-commerce market, said Sameer Nigam, founder and CEO of digital payments firm PhonePe. He said this is being seen in terms of the spectacular growth witnessed by e-commerce marketplaces such as Flipkart and Amazon and foodtech and online grocery firms including BigBasket.

“At PhonePe, we have a very interesting vantage point,  because we work with merchants and partners across all of these categories,” said Nigam,