PhonePe has deferred its public market listing process due to ongoing geopolitical conflicts and heightened global market volatility. CEO Sameer Nigam stated the company hopes for a quick return to peace in affected regions and remains fully committed to pursuing an IPO in India. The decision reflects caution in the face of current uncertainties impacting investor sentiment and valuations.

New Delhi: PhonePe on Monday announced that it has temporarily deferred its public market listing process due to the current geopolitical conflicts and market volatility and will resume the listing process once there is some stability in global capital markets. Sameer Nigam, PhonePe's CEO said "We sincerely hope for a swift return to peace in all the affected regions. We remain committed to a public listing in India."

As of September 30, 2025, PhonePe has over 65 crore registered users and a digital payments acceptance network spread across over 4.7 crore merchants. The digital payments app was launched in 2016 and headquartered in India. Meanwhile, in January this year, PhonePe Payment Gateway (PhonePe PG) announced the launch of ‘PhonePe PG Bolt’ for Visa and Mastercard Credit and Debit card transactions.

The solution utilises device tokenisation to provide a secure and efficient in-app checkout experience for PhonePe platform users and merchant partners, according to its official statement. This feature allows users to tokenise their Mastercard and Visa cards once on the PhonePe app, enabling them to use their saved cards across any merchant integrated with PhonePe PG instead of having to tokenise their card separately with every merchant. By replacing sensitive card details with secure tokens, the system removes the requirement for CVV entry during subsequent transactions carried out on the same device.

This architecture reduces the number of steps in the payment journey, maintaining the user within the merchant’s app environment throughout the process and eliminating traditional redirects to external pages. "The launch of PhonePe PG Bolt feature for Visa and Mastercard is a significant step in our journey to simplify digital payments for millions of Indians.