The battle between four of India’s major fintechs and the payments orchestration leader is being fought on the issues of interoperability and fair competition. Ultimately, though, commercial factors will trump all else.
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Both Gulf firms are being celebrated as fintech trailblazers. Mostly because they found themselves in the right place at the right time.
Backed by heavyweight fintechs, the Bengaluru-based digital infrastructure firm has had a head start in a crowded sector. But how is it planning to grow further?
A crash in lending saw the fintech end the financial year in the red. But its payments business is going strong, and the worst may be over in the loans business.