Question
Which of the following Indian firm has acquire fintech
start-up ZestMoney for about $300 mn?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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