PhonePe adds former revenue secretary, 2 Walmart executives to its board

Walmart-owned fintech firm PhonePe has inducted new members into its board of directors to bolster its governance as the Bengaluru-based company gears up for an Initial Public Offering (IPO). The firm has appointed former Revenue Secretary Tarun Bajaj to its board and chosen him as the chairman of its risk committee.

The Sameer Nigam-led company has also welcomed two senior Walmart executives—John D Rainey, Executive Vice President and Chief Financial Officer, and Donna Morris, Executive Vice President and Chief People Officer, as non-executive directors.