Lodestar, a media agency, has announced today that it will continue to drive PhonePe’s integrated media strategy for the third consecutive year. As a part of the extended partnership, Lodestar will leverage its extensive experience and expertise to develop innovative media campaigns that will help the fintech giant deepen its market penetration and reach new audiences. Lodestar’s mandate for PhonePe spans the entire media spectrum across mainline, digital, out of home, and special projects. The account will continue to be led out of the agency’s Bengaluru office.
Over the past two years, Lodestar has played a key role in driving PhonePe’s marketing goals by devising integrated media strategies that have helped cement its position as a leader in India’s fintech space. The agency’s focus on creating impactful campaigns that resonate with consumers has helped PhonePe to drive awareness and preference for its newer products and services, while also sustaining top of mind brand recall at scale.
Earlier in the first week of March 2023, a trade magazine has falsely reported that the media mandate has switched hands to Mindshare India. This announcement from LodestarUM proved them wrong.
Commenting on the extended partnership, Aditi Mishra, CEO, Lodestar UM, said, “We are thrilled to continue our association with PhonePe and support their growth trajectory. Our team is committed to delivering innovative and effective media campaigns that will help PhonePe consolidate its position as a leader in the fintech space. We look forward to driving the brand’s success and achieving our shared goals together.”
Ramesh Srinivasan, Director & Head – Brand Marketing, PhonePe, said, “Over the last two years, Lodestar has been a great media partner for us, and it gives us immense pleasure to continue our partnership. We aim to leverage the IPG group’s expertise to further our growth ambitions on the marketing side, as we expand our footprint from payments and financial services to shopping, wealth management as well. Looking forward to a successful partnership for both organizations this coming year.”
Speaking about the important development, Hema Malik, Chief Investment Officer, Mediabrands India, said, “We appreciate PhonePe’s continued trust in us as their business partners and are committed to providing innovative media partnerships that will help them achieve their business goals. We look forward to continuing our successful collaboration with PhonePe and contributing to their growth and success in the fintech industry.”
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