Online payments platform PhonePe CEO Sameer Nigam in an interview said, "I keep telling my teams that we are not a ‘fintech’ company but a ‘techfin’ company". Nigam explained, "[W]e are building technology with a view to [transform] financial services...as opposed to a fintech company which uses technology to manufacture financial products." Previously, Nigam worked as SVP Engineering at Flipkart.