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 …
Arti is a former writer at The Morning Context. She previously worked with publications such as ET Prime, VCCircle, Firstpost and EETimes. Arti has keenly tracked the evolution of financial technology in India and written some of the defining pieces on the ecosystem as it birthed and matured. Even when not writing about it, she loves to dissect the revenue models, margins and regulations that are shaping the sector.