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PhonePe moves closer to public listing after regulatory clearance
PhonePe secured SEBI approval for its IPO, advancing plans for a major fintech listing amid strong growth in India’s digital payments ecosystem.
PhonePe has received SEBI approval to proceed with its initial public offering, marking a significant milestone for the fintech company. The digital payments firm has been preparing for a domestic listing following ownership restructuring. Industry observers said the IPO could rank among the largest fintech offerings, reflecting confidence in India’s rapidly expanding digital payments market, strong transaction growth, and a broadening user base nationwide today.