PhonePe Eyes Rs 10,115 Cr IPO After Capturing 46.2% of UPI Volume

Walmart-backed PhonePe, named FE's best fintech payment platform, processes 23 billion monthly UPI transactions and commands 49.3% value share. The 700-million-user firm plans a Rs 10,115 crore OFS while diversifying into lending, insurance and wealth, with 56 lending partners and an RBI direct-lending licence in pursuit.

— Filed Fri, 5 Jun, 2026, 07:12 IST · Source Financial Express · BrandWagon · Updated

PhonePe named best fintech payment platform at FE Best Bank Awards 2026, holding 46.2% UPI volume share. Walmart-backed firm plans Rs 10,115 crore IPO via OFS while expanding insurance, lending, wealth products and pursuing RBI direct lending licence.

Also reported by