CosmicTaco

PhonePe CEO Delays IPO Plans Due to UPI Market Share Uncertainty

CosmicTaco · 2024-08-29T11:15:13.394820+05:30

- 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](https://www.moneycontrol.com/news/business/startup/phonepes-sameer-nigam-rules-out-ipo-until-there-is-clarity-on-upi-market-share-rules-12809182.html)

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

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