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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