Walmart-backed PhonePe begins IPO preparations for India listing

Digital payments leader PhonePe has started groundwork for an initial public offering and domestic listing in India, marking a significant move across the country's payment rails and fintech retail surface.

— Filed Mon, 29 Jun, 2026, 22:35 IST · Source Hindustan Times · Business · Updated

Walmart-backed digital payments company PhonePe has begun preparations for an initial public offering and listing in India, signaling a major move in the Indian payment rails and fintech retail surface.