The fintech giant Phonepe has announced ₹2,800 crore investment aimed at ramping up its infrastructure across India. This includes building new data centers as part of its commitment to data localization.

Why the big spend? Well, PhonePe is looking to enhance its services and improve user experience by keeping data within Indian borders. This investment is all about meeting regulatory requirements and ensuring that customer information is handled securely.

The new data centers will help PhonePe handle a growing user base and cater to increasing transaction volumes. With digital payments booming in India, this is a smart move that could solidify its position in the market.

As the company gears up for this expansion, it’s clear they’re not just thinking about the present but are also eyeing the future of fintech in the country.