Tech PhonePe’s Merchant Empire: 47M Businesses Fuel IPO Push by News Analysis India March 6, 2026 by News Analysis India March 6, 2026 PhonePe is rewriting India’s fintech playbook ahead of its blockbuster IPO. The latest DRHP update with SEBI unveils a merchant network of epic proportions: 47.19 million registered businesses as of …
