Friday, 30 August, 2024

UPI Market Share Cap May Affect IPO Plans, Says PhonePe CEO

PhonePe CEO Sameer Nigam has expressed concerns that the market share cap directive for Unified Payments Interface (UPI) transactions could complicate the company’s IPO plans. The directive, which limits the market share of individual players, is seen as a potential barrier to growth for leading UPI providers like PhonePe. This restriction could impact valuation and investor interest, affecting long-term strategic goals.