We should be cautious about how GenAI is used: PhonePe CTO Rahul Chari

PhonePe, the fintech giant backed by Walmart, in August announced it recorded an adjusted profit after tax at Rs 197 crore for FY24 against a loss of Rs 738 crore in FY23. The company’s worry continues to be the regulatory market cap in the Unified Payments Interface (UPI) payments ecosystem. Market cap is not the right solution, said RAHUL CHARI, co-founder and chief technology officer (CTO) of PhonePe, in an interview with Shivani Shinde in Mumbai. Edited excerpts: