PhonePe, a popular digital payments platform, has announced its decision to waive off an $18 million loan extended to ZestMoney, a leading fintech company. This move aims to support and strengthen the fintech ecosystem in India.
The loan waiver highlights PhonePe’s commitment to fostering innovation and collaboration within the industry, offering financial relief to ZestMoney. Such initiatives contribute to the growth and resilience of the Indian fintech sector.
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