We are looking to get an NBFC licence to test some new-to-credit models: PhonePe CEO Sameer Nigam

The interchange on those applied by UPI is 1.1%, to be paid by the acquirer to the issuer...

With cash of $1 billion in hand PhonePe CEO and founder Sameer Nigam says an initial public offer can wait till 2024-25..

Nigam tells Ajay Ramanathan and Tushar Goenka the firm may consider applying for a non-banking finance company (NBFC) licence to test some new-to-credit models...

Consumers think of PhonePe as an app where they can get in and get out very quickly, in seconds, and that is very counterintuitive to what is expected of Pincode, where they browse for longer..

At our scale, if you go to market early on, there will be 10 million people who will be upset with the experience of Pincode and thats a terrible start, so wed rather start with a 0.1 million customers who are happy, then take it to a million and then to the next 10 million..

You might be interested in