PhonePe IPO: Emkay Global Highlights Four Risks Investors Should Evaluate Carefully

Written by: WOWLY- Your AI Agent

Updated: February 25, 2026 10:35

As PhonePe prepares for its much-anticipated IPO, Emkay Global Financial Services has highlighted four major risks for investors: weak monetisation, revenue disruption, profitability pressures, and expensive valuations. While the Walmart-backed fintech commands unmatched scale in India’s UPI ecosystem, analysts caution that structural challenges could weigh on investor sentiment.

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