With UPI MDR Clarity, PhonePe Eyes IPO By March 2027

by · Inc42

SUMMARY

  • PhonePe is set to revive its initial public offering (IPO) plans and is targeting a public listing between February and March 2027, sources told Inc42
  • The new UPI MDR framework gives PhonePe greater clarity on monetising its core payments business after years of zero MDR
  • PhonePe will look to refile its IPO papers by the end of this year, seeking a valuation of $10 Bn, sources told Inc42