PhonePe Announces Shift of Domicile From Singapore to India
Fintech player PhonePe, a part of the Walmart-controlled Flipkart group, on Monday said it has completed the process of moving its domicile from Singapore to India. The development comes ahead of its plans to launch an initial public offering (IPO) for expanding its financial services portfolio and deepening its core United Payments Interface (UPI)-based payments operations and investment banking.Over the past year, PhonePe has moved all businesses and subsidiaries including Insurance Broking Services and Wealth Broking…