FILE PHOTO: Shopping trolley is seen in front of Flipkart logo in this illustration, July 24, 2022. REUTERS/Dado Ruvic/Illustration/File Photo
NEW YORK (Reuters) - Walmart's Flipkart marketplace and PhonePe payments business in India could be $100 billion businesses buoyed by strong growth, the retailer's chief financial officer said on Wednesday at an investor conference.
Walmart does not break out sales of Flipkart and PhonePe but over the past few months, executives have singled out the two businesses as key drivers in meeting its target of doubling the gross merchandise volume it sells in foreign markets to $200 billion in five years.
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