As PhonePe inches closer to one of the most highly anticipated IPOs in India this year, the spotlight on the digital payments duopoly is getting sharper. And with this, greater emphasis is also falling on the collective push in the industry for diversification.
While PhonePe is yet to disclose a listing timeline, its updated DRHP filing in January has reignited conversations around scale, sustainability and profitability. As of now, there are expectations that PhonePe’s public issue will open FY27 with a bang and an April timeline is being…

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