India: PhonePe aims to be profitable by 2022, go public in 2023

India: PhonePe aims to be profitable by 2022, go public in 2023

PhonePe co-founder Sameer Nigam. Photo: Livemint

Since the start of 2020, the digital payments industry hasn’t had it easy. The slashing of transaction fees of payment firms for unified payments interface (UPI) and RuPay transactions, and then, the ongoing covid-19 crisis and lockdown has further put the brakes on the growth of digital payments.

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