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      Question

      Which of the following Indian firm has acquire fintech

      start-up ZestMoney for about $300 mn?
      A Paytm Correct Answer Incorrect Answer
      B PhonePe Correct Answer Incorrect Answer
      C BharatPe Correct Answer Incorrect Answer
      D Reliance Correct Answer Incorrect Answer
      E TATA Correct Answer Incorrect Answer

      Solution

      Digital payments firm PhonePe is set to acquire fintech start-up ZestMoney for $200-300 million. The acquisition would help Walmart-owned PhonePe to strengthen its lending services and compete with Google Pay, Paytm, and Amazon Pay in Indian fintech, which is expected to be worth $350 billion by 2026.

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