IPOs of Walmart's Flipkart, PhonePe could take couple of years: Walmart executive
marketplace and PhonePe digital payments platform could take a couple of years, a Walmart executive said.
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«This is something we're looking at over the next couple of years,» Walmart's executive vice president for corporate affairs, Dan Bartlett, said on the sidelines of the company's shareholder meeting near its Bentonville, Arkansas, headquarters, late on Thursday.
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Based in India, PhonePe is «one of the largest payment platforms» in the country, he said. He cited PhonePe's tie to India's instant money transfer system, Unified Payments Interface (UPI), which allows users to transfer money across multiple banks without disclosing account details.
«There's a lot of a processes that have to be put in place before we go public,» Bartlett said, referring to PhonePe. «Obviously the question about the Indian exchange versus others» is «under consideration» for the future IPO listing, he added.
Walmart's Flipkart marketplace
