PubMatic, an independent technology company that delivers the supply chain of the future for digital advertising, and PhonePe, the top mobile payments and financial services platform in India, announced their partnership. PubMatic’s programmatic buying partners will now have access to PhonePe’s premium mobile app inventory and audiences thanks to this collaboration. The agreement offers Indian media buyers a unique opportunity to reach PhonePe’s Indic-language-speaking audiences in a variety of metropolitan and non-metropolitan locations, as the industry searches for sustainable and unique solutions.
PhonePe – India’s largest UPI ecosystem
With more than 500 million registered users and a 47% market share in India’s instant payments ecosystem through the Unified Payments Interface (UPI), PhonePe is a major player in the country’s transition to a cashless economy. PhonePe has teamed up with PubMatic to fully utilize its digital advertising inventory as part of its mission to drive product innovation and enable more customers and businesses to go digital.
Enhanced Audience Experience
PhonePe will make use of PubMatic’s cutting-edge programmatic technology to provide viewers with an improved user experience and a privacy-compliant, fraud-free supply chain for advertisers. In addition to guaranteeing that viewers utilizing the PhonePe platform will see related and interesting advertising, the partnership gives advertisers programmatic access to users of the platform at scale.
Here’s what they said
Amit Yadav, Country Manager, South Asia, at PubMatic said,
We’re excited to support PhonePe in diversifying and enhancing its digital monetisation by making its inventory and audiences available to a wider range of advertisers via programmatic technology. This partnership helps PhonePe to maintain a positive experience for the consumers and businesses who use its platform every day, while making these high-value audiences available to PubMatic’s advertiser partners.
Sravanthi Pasumarthi, Director of Strategy & Operations, PhonePe Ads added,
We are excited to partner with PubMatic and get a foothold into the programmatic advertising space. At PhonePe, we bring to the table the widest reach in India, deep user cohorts, and a whole suite of brand solutions that enable advertisers to uniquely leverage our strengths for their brand solutions at scale. We believe that this partnership will elevate the overall advertising experience on our platform for both our partners and users. The PubMatic-PhonePe collaboration underscores the growing significance of programmatic advertising within India’s evolving digital ecosystem. This strategic partnership empowers advertisers to connect with highly engaged audiences, creating meaningful interactions that drive tangible business outcomes.