Economic TimesLean R·
Foreign influence increasing over India's fintech sector: GTRI on Meta's investment in Cred
Think tank GTRI said that the deal gives Meta a foothold in one of the country's richest repositories of consumer financial-behaviour data, covering credit cards, loans, investments, insurance, and UPI transactions. On the other hand, it said China built its digital payments ecosystem through domestic champions such as Alipay and WeChat Pay, keeping ownership and strategic control within Chinese companies.
Read at Economic Times →
