<ul><li>PhonePe announced rollout of UPI payments for feature phones by purchasing GSPay technology stack from Gupshup.</li><li>GSPay is based on UPI 123PAY to provide basic UPI features like P2P transfers, offline QR payments, and more for feature phone users.</li><li>PhonePe aims to serve the underserved feature phone users to participate in India’s digital payments market.</li><li>PhonePe has added Zarin Daruwala to its board of directors and started the process to list on Indian exchanges.</li></ul>

IPO-bound PhonePe announces UPI payments on feature phones

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