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flag PhonePe, backed by Walmart, plans an April 2026 IPO with no new shares, aiming to expand digital payments in India.

flag PhonePe, backed by Walmart, is preparing for an April 2026 IPO following SEBI approval, with an offer for sale by existing investors—Walmart, Microsoft, and Tiger Global—no fresh shares issued. flag The digital payments platform, with over 29 crore active users as of March 2025, aims to expand into feature phones via its Gupshup GSPay acquisition, grow merchant adoption, and diversify into credit, transit, and connected devices. flag India’s digital payments market is projected to nearly double by 2030, and PhonePe reported a 40% revenue rise to ₹7,115 crore and over tripled adjusted profit to ₹630 crore in FY25.

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