There is space for more competitors in the stockbroking market

 One is the full scale patterns. There is a huge underserved tummy of the market. Assuming you see the all out number of demat records and clients, that is the stomach... that is going up in crores. It's an exceptionally huge market... at the point when the market is that enormous yet at the same time so underpenetrated, we trust that there's space for additional players to come in. Market elements to the side, the per capita pay profile in India overall will change essentially in the following 10 years. Furthermore, when that occurs, individuals with expendable earnings will move from gold and land towards ETFs, common assets, stocks and so forth. You will have room to differentiate as that occurs.

PhonePe has entered numerous industries. What is the extension plan from hereon?

There are a great deal of items in the shopper loaning space that are remaining. There's virtual credit coming up on UPI, an entire bundle of co-marked cards emerging, there are private credits that we will need to circulate, there are BNPL items... there's an entire set-up of items we could have on the loaning side itself. Loaning on the customer side will open up for us beginning in the not so distant future. Health insurance is just getting started. It will take seven to ten years to fix health insurance for 100 million people. We want to expand our (whole product) portfolio to a billion people over the next ten years, opening it by December 31. Add what's more - our invasion universally with UPI on installments. That is the following 10-year vision.

Coming to your application store plans - could you at any point break Google's imposing business model?

Syndications are intended to be broken. The application store send off will require several months more as we are constructing a great deal of intriguing highlights.

What are the difficulties of ONDC?

Right off the bat, conventions are as yet developing. In every area, there are subtleties that should be tackled. Second, the sellers were not responding unless they were able to generate a sufficient volume of sales. Then, in coordinated operations itself, there are getting teeth torments. There is no way to monitor the delivery status to customers.

When will PhonePe list?

Our IPO strategy is very clear. The business should be at a phase where the market isn't addressing whether you can bring in cash. The Initial public offering is somewhere around two years away.