“We got lucky as we bet on UPI (unified payments interface) before everyone jumped on the bandwagon,” said Sameer Nigam, founder and chief executive officer of PhonePe, during a fireside chat at the Business Standard BFSI Insight Summit in Mumbai on Monday.
The fintech startup’s UPI play gave it a boost, even as many banking and tech companies failed to tap digital payments at scale. Today, one in every four Indians is a PhonePe…