In today’s briefing:
- PhonePe Tearsheet – India’s SuperApp Ambition
PhonePe Tearsheet – India’s SuperApp Ambition
- Phonepe Pvt Ltd (1732974D IN) runs a digital payment and technology App in India and is currently the leader in terms of UPI transactions processed.
- Our channel feedback suggests the possible disruption from initiatives like ONDC to be positive for payment apps like PhonePe, with the possible acceleration towards the SuperApp Journey.
- Revenues are always growing, and so are losses. With ONDC, there is a possibility this may change faster than anticipated and hence warrants close attention.
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