India’s PhonePe calls off acquisition of BNPL firm ZestMoney
PhonePe was in talks to acquire ZestMoney for around $200 million to $300 million according to reports.
PhonePe was in talks to acquire ZestMoney for around $200 million to $300 million according to reports.
The facility is live on select e-commerce websites and the firms say will be made available at retail stores soon.
India is primed to be the largest BNPL market in the world with a massive addressable population.
The investment underlines Zip’s strategy to capitalise on the high-growth Indian BNPL market.
The firm is already looking to expand in Singapore.
Indian firm aiming to up its tech and product line.