Walmart Inc’s Indian payments unit PhonePe will acquire two wealth management firms for a total enterprise value of $75 million, Bloomberg reports. PhonePe will buy WealthDesk for about $50 million and OpenQ for nearly $25 million. The acquisitions will help broaden PhonePe’s offerings in India’s budding payments market, where Alphabet Inc Google, Amazon.com Inc, and SoftBank Group Corp-backed Paytm…
Walmart Intensifies Rivalry With Google, Amazon By Targeting India’s Budding Payments Market
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