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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 digital payments industry, both online and in physical retail, seems set for serious M&A activity as the larger players move to consolidate.
It wouldn’t be an exaggeration to call 2021 a landmark year for payments in India. The space has been buzzing with activity for the past few months—be it fund-raises at ever-higher valuations by startups such as CRED and BharatPe or the IPO filings of Paytm and MobiKwik or significant policy changes by the Reserve Bank of India.
The stage is set for massive shifts.
“Some or the other consolidation is happening. There are times when you get so confused as everybody is exploring M&A today. That's the state of fintech currently. With RBI’s policy changes on one side, small players …
A local fintech deal to consolidate operations, feedback on Saudi Arabia’s proposed IPO rules, and Ras Al Khaimah’s casino economy.
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.
The newly announced levy on UPI payments undermines the very foundation of using digital payments for stock market investing. Brokers are in a tizzy.
