
CosmicTaco
PhonePe CEO Delays IPO Plans Due to UPI Market Share Uncertainty
- Sameer Nigam: 'We can't IPO until we have clarity on market share regulations for UPI'
- PhonePe holds 48% UPI market share, concerns over potential 30% cap by NPCI
- Company reports 73% revenue increase to Rs 5,064 crore for FY24
- Nigam highlights regulatory challenges unique to fintech startups
- PhonePe eyes global expansion in Europe and Middle East with investor backing
Source: Moneycontrol

10mo ago
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