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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