PhonePe got lucky by betting on UPI before everyone jumped in: CEO | BS Events – Business standard

PhonePe, Walmart’s fintech company, recently surpassed 500 million registered users on its platform. With this, 1 in 3 Indians now uses PhonePe. The company said it was the first Indian internet company to reach this scale globally. This milestone was achieved in just over seven years since the PhonePe UPI (Unified Payments Interface) was launched in August 2016. SAME NIGAM, founder and CEO of PhonePe, said the company got lucky when it gambled on UPI before “everyone jumped on the bandwagon”. The UPI game delivered one

First print: February 27, 2024 | 12:34 pm IST