PhonePe – Successfully Scaled Payments; Diversification, Profitability Gaining Focus: ICICI Securities

NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..ICICI Securities Report.PhonePe is one of the market leaders in Indian fintech space, having successfully built the required scale to thrive in India’s payments ecosystem. The standalone payments business recorded adjusted PAT of Rs 7.1 billion in FY24 versus a loss of Rs 1.9 billion in FY23. Going ahead, PhonePe is significantly focusing on going deeper into the newly launched business verticals (crossborder payments, insurance, lending, broking, wealth) and improving margins by investing in building its own data centres for cost efficiency and focus on automation. Key trends underlining PhonePe’s business salience include:Growth in users and transaction value (FY19–24: 112% CAGR in transactions and 111% CAGR in transaction value,deep penetration beyond tier-1 cities (85% of merchants are outside top 8 cities in India), sticky customer behaviour (99% customers repeat transaction in a month), strong compliance and profitable payments operations since August 2022..Click on the attachment to read the full report:.Starbucks India’s Plan To Reach 1,000 Stores By FY28: ICICI Securities.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

PhonePe – Successfully Scaled Payments; Diversification, Profitability Gaining Focus: ICICI Securities

PhonePe is significantly focusing on going deeper into the newly launched business verticals, adds the brokerage.

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PhonePe – Successfully Scaled Payments; Diversification, Profitability Gaining Focus: ICICI Securities

PhonePe is significantly focusing on going deeper into the newly launched business verticals, adds the brokerage.

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