PhonePe CEO: company will revive IPO once markets stabilise

PhonePe Founder and CEO Sameer Nigam said at TechSparks in Bengaluru that the fintech is ready to resume its IPO process once global markets stabilise. PhonePe has also received in-principle approval from the UAE Central Bank for two licences and is expanding UPI payments to feature phones, adding 15,000–20,000 users a day.

• PhonePe paused its IPO plans in March 2026 amid geopolitical uncertainty
• The company received in-principle approval for two UAE Central Bank licences
• Feature-phone UPI adds 15,000–20,000 users per day
• PhonePe undergoes around 130–140 external audits annually