Jio Financial Denies Acquisition Talks with Paytm’s Wallet Business
TL;DR: Jio Financial has denied rumors of being in talks to acquire Paytm’s wallet business. The speculation around Jio Financial’s interest in Paytm’s wallet business began circulating widely in the tech community. Jio Financial, which operates one of India’s leading digital payment platforms, claims there are no ongoing discussions with Paytm regarding a potential acquisition. […]
India’s Paytm Slides 20% Amid Low-Value Personal Loan Restrictions
TL;DR: Indian fintech company Paytm’s share prices have taken a 20% plummet. This sharp decline follows an announcement that the company will curb the issuance of low-value personal loans. The limitation on small expenditure loans could potentially result in fragile ecosystem dynamics for the entire fintech industry. Article: Paytm, one of India’s leading fintech giants, […]
