Walmart's payments company PhonePe is performing well in India, according to CEO Doug McMillon. Speaking in a recent interview, McMillon said PhonePe, if it enters ecommerce, will not compete with sister company Flipkart. He added that India was making great strides towards becoming a key global supplier. McMillon also discussed Walmart's huge ambitions in the country, stating that the $10bn annual export target set to be achieved by 2027 is now "more possible than five years ago". He also praised the government's collaborative approach to policymaking.source https://economictimes.indiatimes.com/industry/banking/finance/phonepe-will-likely-go-for-an-india-listing-says-walmart-ceo-doug-mcmillon/articleshow/100171551.cms
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