UPI Transactions

PhonePe handles over 49.80% of UPI transactions in India.

Expected IPO Size

According to the reports, PhonePe’s IPO could exceed USD 1 billion, making it one of the biggest fintech IPOs in India.

Expansion

Besides UPI, PhonePe expanded into insurance, mutual funds, and wealth management.

Revenue Growth in FY24

PhonePe reported a 74% revenue jump in FY24, reaching ₹5,064 crore.

Backed by Walmart

Phonepe is majorily (83.91%) owned by Walmart, giving it solid financial backing.

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