“We are excited about PhonePe’s future and have confidence in how it continues to expand its offerings and provide access to financial services for Indians at scale. India is one of the world’s most digital, dynamic and fastest growing economies, and we are pleased to have the opportunity to continue to support PhonePe.”

https://techcrunch.com/2023/03/16/walmart-invests-200-million-in-indian-mobile-payments-giant-phonepe/