05:34 AM EDT, 06/10/2024 (MT Newswires) -- Walmart's ( WMT ) Flipkart marketplace and PhonePe digital payments platform initial public offerings could take a "couple of years," Reuters reported Friday, citing Dan Bartlett, Walmart's ( WMT ) executive vice president for corporate affairs.

Bartlett said the company may prioritize an initial public offering of PhonePe ahead of Flipkart, even though Flipkart is a more mature business, according to the report.

India-based PhonePe is "one of the largest payment platforms" in the country, but there are a lot of processes that must be put in place before it can be taken public, Bartlett told Reuters.

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