By Admin 
PhonePe IPO: Digital payment company PhonePe has received approval from market regulator Securities and Exchange Board of India (Sebi) to launch an IPO. Reuters has given this information on the basis of information received from sources.
The company had earlier submitted draft papers for its public issue through confidential routes in September last year. According to the report, it is expected that the existing shareholders of the company like Walmart, Microsoft and Tiger Global can sell some of their stake through this IPO.
Company’s focus on digital payments
PhonePe, a fintech company owned by American retail chain Walmart, was started in the year 2015. Today its popularity is such that it has emerged as the top payments platform on India’s Unified Payments Interface (UPI) network. By December 2025, this platform will have about 45 percent market share in terms of transaction volume.
In its draft papers submitted to SEBI, PhonePe has clearly stated that digital payments will remain the driver of the company’s growth. In this context, the company is emphasizing on expanding its presence in the market by making the platform bigger and increasing the number of users. By FY 2025, the total addressable market of digital consumer payments in India will be Rs 301 lakh crore. It is estimated to reach Rs 602 to 681 lakh crore by 2030.
PhonePe created its strong base
Data from National Payments Corporation of India (NPCI) shows that out of the total 2,160 crore UPI transactions recorded in August, 980 crore transactions were processed through PhonePe. The company has built a large and strong user base with more than 60 crore registered users and provides digital payment solutions to approximately 5 crore merchants across the country.
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