PhonePe has temporarily put its public listing plans on hold due to ongoing geopolitical conflicts and heightened volatility in global markets, according to a PTI report. The company said it will restart the process once stability returns to capital markets.
“We sincerely hope for a swift return to peace in all the affected regions. We remain committed to a public listing in India,” said Sameer Nigam, CEO of PhonePe.
PhonePe, formerly known as PhonePe Private Limited, is a technology company that builds digital platforms across payments, digital distribution and financial services. Headquartered in India, the company launched its digital payments app in 2016.
As of September 30, 2025, PhonePe had more than 65 crore registered users and a digital payments acceptance network spread across over 4.7 crore merchants.
more to come…