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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
The loss of business could dent volumes, but should have next to no effect on the bottom line of payment companies
I have a quick point to make this week.
Last week, India summarily banned real-money gaming after it passed the Promotion and Regulation of Online Gaming Bill, 2025. A real throwing-the-baby-out-with-the-bathwater moment for the country. I wrote about it here.
A question that has come up post the ban is, what will be its effect on companies whose business is processing payments?
It is a fair question. RMG companies accept millions of rupees in payments from customers, money that is processed by payment gateways. The assumption is that the ban will have a big effect on these payment gateway …
The fintech is gearing up to go public at a $5-6 billion valuation. Much like beauty, value lies in the eyes of the beholder, but public markets are rightly cross at obscene startup valuations.
