Phonepe

IPO-bound PhonePe eyes growth in payments, businesses, consumer platforms

Walmart-backed PhonePe, which aims to float its initial public offering (IPO) in April, plans to deepen its presence in India's digital payments market while expanding into financial services and new consumer platforms. In its draft papers, the company said digital payments will remain the core driver of growth, supported by investments to expand its user base, addressable market and platform scale. India's total addressable market for digital consumer payments stood at Rs 301 lakh crore in fiscal 2025 and is projected to grow to Rs 602-681 lakh crore by fiscal 2030, the company said, citing industry estimates. According to sources, PhonePe is aiming to launch its IPO in April. The proposed offering will be entirely an offer for sale of 5.06 crore shares by Walmart, Microsoft and Tiger Global, with no fresh issue component. In January, the company received regulatory approval from the Sebi to proceed with its maiden public offering, following its confidential filing in September.

Paytm wants to tackle UPI concentration risk via organic tech plans

Paytm CEO Vijay Shekhar Sharma says company aims to reduce concentration risk in UPI through technology-led growth as its market share by volume and value rises

Payments major revenue contributor for PhonePe, Paytm diversified

Despite similar toplines, Paytm and PhonePe differ sharply in revenue mix, with PhonePe heavily reliant on payments while Paytm draws more from financial services

PIDF's likely completion to cause minor topline dent for fintechs

Shares of Paytm fell 9.53 per cent to ₹1,140.75 on BSE on Friday

UPI payments app PhonePe's $1.5 billion IPO to see Walmart cut stake

Walmart and other existing investors plan to sell 5.06 crore shares; fintech major targets ₹12,000 crore raise

Walmart, Tiger Global to offload stakes worth ₹10k cr in PhonePe IPO

PhonePe shareholders -- Walmart, Tiger Global and Microsoft Global Finance will offload stakes worth around Rs 10,115 crore through the company's forthcoming IPO, according to updated draft papers of the fintech firm. The IPO is entirely an Offer-for-Sale (OFS) by existing shareholders. The company will not be raising any additional primary capital in the Initial Public Offering (IPO). PhonePe promoter WM Digital Commerce Holdings Pte will sell 45,942,496 of 3,71,517,890 shares or about 0.12 per cent stake in the company through the OFS valued at Rs 1,996.8 per share, based on the weighted average cost of acquisition per equity share. Singapore-based WM Digital Commerce Holdings Pte. Ltd is the Walmart-controlled promoter entity of PhonePe. Tiger Global PIP 9-1 will sell 10,39,160 shares, and Microsoft Global Finance Unlimited Company will offload 36,78,790 shares. The total shares to be offloaded through the OFS are valued around Rs 10,115.87 crore based on the weighted-average

Fintech major PhonePe secures Sebi approval for IPO, to pursue OFS route

The listing will target a pure offer-for-sale (OFS) route, a source said

Walmart-backed payments major PhonePe gets Sebi approval for IPO

Sebi approval comes months after PhonePe confidentially filed its draft papers for the listing, aiming to raise up to ₹12,000 crore, according to a Business Standard report from September 2025

PhonePe launches PG Bolt to secure Visa, Mastercard payments via app

PPhonePe Payment Gateway has launched 'PhonePe PG Bolt' for Visa and Mastercard credit and debit card transactions, the company said on Saturday. The solution utilizes device tokenization to provide a secure and efficient in-app checkout experience for PhonePe platform users and merchant partners, the company said in a statement. Yuvraj Singh Shekhawat, Chief Business Officer of Merchant Business at PhonePe, said that the launch of PhonePe PG Bolt feature for Visa and Mastercard is a significant step in the company's journey to simplify digital payments for millions of Indians. "By leveraging device tokenization, we will enable users and merchants to move away from the traditional, cumbersome checkout process to a secure, one-click payment experience. This not only enhances user convenience but also empowers our merchant partners to maximize their growth through industry-best success rates and reduced drop-offs," he said. The new feature allows users to tokenize their Mastercard an

A curious case of duopolies: IndiGo crisis exposes cracks across sectors

Multiple industries in India, including food delivery, payments, and paints, are experiencing emerging duopolistic trends

PhonePe partners with OpenAI to integrate AI features across its platform

PhonePe said the collaboration will enable OpenAI's ChatGPT to be discoverable across its consumer app and the PhonePe for Business app

PhonePe Unveils next-gen SmartSpeaker with Integrated Card Payments

~The latest version combines POS functionality and voice alerts to help small merchants expand their digital payment acceptance~

PhonePe PG, RuPay, and JioHotstar Collaborate to Simplify Subscription Payments with UPI AutoPay

Launched at GFF 2025 this collaboration enables a credit-backed, UPI-native AutoPay experience for uninterrupted subscriptions and seamless renewals

PhonePe and Utkarsh Small Finance Bank Announce Strategic Partnership to Launch the Wish Credit Card

~The Fixed Deposit-backed RuPay credit card is designed for new-to-credit customers, offering exceptional rewards and a seamless digital application experience on the PhonePe app~

PhonePe Payment Gateway Collaborates with Mastercard to Launch Ecosystem-Wide Device Tokenization; Now LIVE with ixigo

The new "save once, use everywhere" feature allows customers to save their card on the PhonePe app for secure, one-tap payments across all merchants in the network.

Payment apps, DoT help avert ₹200 cr potential fraud: PhonePe co-founder

Payment apps PhonePe and Paytm have helped citizens avert potential financial frauds worth Rs 200 crore by using the fraud risk indicator platform developed by the Department of Telecom, a senior Walmart group official said on Wednesday. While giving a presentation to Prime Minister Narendra Modi at the inaugural session of India Mobile Congress (IMC), PhonePe co-founder Rahul Chari said that by using FRI (Fraud Risk Indicator) data, apps like PhonePe and Paytm have frozen more than 10 lakh accounts and wallets. "They have blocked more than 48 lakh suspicious transactions. More than 200 crore rupees in potential financial loss have been averted. The DoT has been able to save more than that in the potential financial loss to consumers in just 3-4 months prior to the launch," Chari said. According to the breakup shared by Chari, PhonePe claims to have helped citizens avert potential financial fraud losses of around Rs 125 crore, while Paytm has helped save Rs 68 crore in the last 2 ..

PhonePe, Mastercard roll out tap-and-pay contactless payments in India

PhonePe and Mastercard have launched contactless tap-and-pay payments for Indian cardholders using NFC-enabled Android smartphones at merchant outlets in India and abroad

PhonePe files draft papers via confidential route ahead of likely IPO

Fintech startup reported 40% revenue growth and positive cash flows in FY25

PhonePe offers firecracker insurance for Rs 11 ahead of Diwali celebrations

Policy will provide cover of up to Rs 25,000 for accidents and can be purchased 'under a minute' on fintech company's app

PhonePe posts 40% revenue surge, turns free cash flow positive ahead of IPO

Fintech firm crosses Rs 7,000 crore in revenue as adjusted EBITDA and PAT soar; diversification into lending and broking fuels growth momentum