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Buffett-backed Indian fintech giants face challenges as IPOs approach

Paytm, a pioneer of mobile payments in India and one of the country’s most well-known start-ups, was a few years ago at Ant Group Co in China. We have set out to build a ubiquitous digital finance ecosystem that is very similar to Alipay.

Now when Paytm owners approach the $ 2.2 billion list, it will be displayed Beat Ant to the open market, The company is not the dominant player I wanted to be The increasingly crowded Indian payments market faces ever-increasing challenges. Alphabet Inc. Google and Walmart Inc. It has already been overtaken in one important area by its deep-pocket rivals, such as the Indian startup PhonePe backed by.

Buffett-backed Indian fintech giants face challenges as IPOs approach

Source link Buffett-backed Indian fintech giants face challenges as IPOs approach

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