- Advertisement -
Home News Update PhonePe aims to be profitable by 2022, go public in 2023: CEO

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

0

Sameer Nigam speaks about turning profitable, synergies with Flipkart and operations during pandemic

Bengaluru: 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.

Fintechs are now looking at alternatives to cover on lost revenues. Flipkart’s digital payments arm PhonePe is also seeing an impact, but believes that the bet on its O2O (Offline-to-Online) strategy is paying off. In a telephonic interview, PhonePe co-founder and CEO Sameer Nigam speaks about turning profitable, initial public offering (IPO) plans and synergies with Flipkart. Edited excerpts:

With the current lockdown, transaction fee being slashed to zero and the recent outage due to the Yes Bank moratorium, what has been the impact on PhonePe?

- Advertisement -

Exit mobile version