HomeBusinessPure speculation: PhonePe on rumours that it plans to acquire ZestMoney.

Pure speculation: PhonePe on rumours that it plans to acquire ZestMoney.

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By lapaasindia
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  • The online payments unicorn PhonePe, which is backed by Walmart, has stated that rumours about it buying the “buy now, pay later” platform ZestMoney are “purely speculative.”
  • The Economic Times said that PhonePe and ZestMoney are almost ready to merge.
  • As it struggled to raise money from tech investors and came under regulatory scrutiny, the company reportedly has been searching for a buyer.

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