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PhonePe aims to be profitable by 2022, go public in 2023: CEO

covid-19 2020 pandemic crisis
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Sameer Nigam speaks about turning profitable, synergies with Flipkart and operations during pandemic Bengaluru: Since the start of 2020, the digital payments industry hasn't had it easy.

The slashing of transaction fees of payment firms for unified payments interface (UPI) and RuPay transactions, and then, the ongoing covid-19 crisis and lockdown has further put the brakes on the growth of digital payments.

Fintechs are now looking at alternatives to cover on lost revenues. Flipkart’s digital payments arm PhonePe is also seeing an impact, but believes that the bet on its O2O (Offline-to-Online) strategy is paying off.

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COVID-19
United States
United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
India
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
Brazil
Brazil
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
United Kingdom
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
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Covid-19.rehab - the latest news concerning the spread of the SARS-CoV-2 coronavirus (formerly 2019-nCoV), as well as the infectious disease that it causes COVID-19, in separate countries and in the world as a whole. Current news on the topic of coronavirus SARS-CoV-2. Quarantine, pandemic 2020, epidemic: what is it, when will it come to end, precautions and how to protect yourself from this disease. The most honest news, no fakes! To keep up with the latest news, stay tuned for updates on the site! Every day we will collect news and statistics on coronavirus from around the world for you to be aware of this topic.

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