India, Sept. 16 -- With greater clarity around the monetisation of UPI payments following' the introduction of a new Merchant Discount Rate (MDR) framework, Walmart-backed fintech PhonePe is set to revive its initial public offering (IPO) plans, which were put on hold earlier this year.

Sources told Inc42 that the fintech startup is now targeting a public listing between February-March 2027.

"They have an almost 45% share of merchant payments. With greater clarity on the MDR regime, PhonePe is now looking to revise its IPO plans and could target a listing between February and March 2027," the sources said.

PhonePe will look to refile its IPO papers by the end of this year, seeking a valuation of $10 Bn, sources in the know told Inc42 o...