ZestMoney’s failed buyout is the last nail in BNPL coffin

The concerns flagged by PhonePe owner Walmart for not going ahead with the acquisition are emblematic of all that’s wrong with the buy now pay later business in India.

4 April, 20238 min
0
ZestMoney’s failed buyout is the last nail in BNPL coffin

You may also like

Business
Story image

Ujjivan has to change its DNA for a universal banking licence

Cutting its decades-old reliance on microfinance loans is the only way the SFB can meet the regulator’s conditions for transitioning to a full-fledged bank

Business
Story image

Karnataka Bank urgently needs a permanent CEO

For the past three months, the Mangaluru-based private sector lender hasn’t had a full-time chief executive. But finding a successor is as important as fixing the bank’s worrying financials.

Economy
Story image

What does the RBI’s new rule mean for corporate acquisitions?

Indian banks have been allowed to fund M&As, but the framework will matter as much as the opportunity.