PhonePe shifts headquarters from Singapore to India

Walmart-owned PhonePe, which was domiciled in Singapore, said on Monday that it had completed the process of moving base to India.

The company has moved all businesses and subsidiaries of PhonePe Singapore to PhonePe Pvt Ltd – India directly, including its insurance broking services and wealth broking businesses, it said in a statement.

“PhonePe’s board recently approved the creation of a new employee stock options pool (Esop) and the migration of more than 3,000 PhonePe Group employees’ existing Esops by issuing new Esops under PhonePe India’s new plan,” it said.