PhonePe Expands Lending and Insurance Ahead of IPO

PhonePe, a big company that helps people pay for things, is getting ready to go public.

Before that, they are trying to make more money from other things besides just payments.

They are giving out loans and selling insurance policies.

They started doing this a few years ago and have been growing.

They want to get a special license from the government to give out loans directly, but they haven't gotten it yet.

They have given out a lot of loans and sold many insurance policies.

They are doing well, but there is still a lot of room to grow.