PhonePe buying ZestMoney is bad news for Paytm
Acquiring the buy now pay later fintech startup would enable the Walmart-owned firm to offer lending services, a business that Paytm is keen on growing.

Subscribe to read this story
We publish over 500 original, detailed stories every year on startups, corporates, stock markets and economic current affairs.
$99 for one year
Not ready to subscribe? Sign up for a free account
We value our free readers. Read 100+ stories every year.
More in Internet
You may also like
Paytm has steadied the ship
Vijay Shekhar Sharma’s fintech has reported its first operationally profitable quarter. However, he will need to wait to win back the regulator’s trust for Paytm to scale further.
Out to list, Pine Labs is a hardware business pretending to be a fintech
Its core POS machine business is small and growing slowly, and the company has done little else to justify its high valuation.
Can a universal bank licence revive Jana Small Finance Bank’s stock?
Turning into a full-service bank could help the Bengaluru-based niche lender unlock its share value, but the transition will come with its own set of challenges.