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Maybe we’ll finally see a fintech IPO in 2024
This week, we're looking at Plaid's latest step towards an IPO, one BNPL company's financial results, and more.
Reliance Industries spinoff Jio Financial Services said that it is not negotiating with Paytm to acquire its wallet business, quashing “speculative” media reports as the firm scrambled to put out a fire from the central bank’s clampdown the previous week. An Indian parliamentary panel has urged the government to support the growth of domestic fintech players that can provide alternatives to the Walmart-backed PhonePe and Google Pay apps that currently command more than 83% of the country’s digital payments market. PayPal is working on a new consumer app for its mobile customers and suggested that it will be “ready” to take advantage of the new EU regulation, the Digital Markets Act (DMA), when it goes into effect next month for tech “gatekeepers” like Apple.
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