New Delhi, March 6 (IANS) As PhonePe Ltd prepares for its initial public offering (IPO), disclosures in its updated draft red herring prospectus (DRHP) shed light on the massive scale and sophisticated monetisation of its merchant ecosystem.Far from being a “free” service, the company’s merchant infrastructure has evolved into a multi-billion rupee revenue engine powered by 47 million businesses and millions of physical payment devices.The data filed with the Securities and Exchange Board of I…
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