#bnplmarketresearch

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PhonePe pulls the plug on acquisition deal with ZestMoney in India

PhonePe, one of the leading mobile wallet and prepaid payment instrument providers in India has raised multi-million-dollar deals in H1 2023. These funding rounds are part of the firm’s strategy to expand into new business verticals such as consumer lending and insurance, among others. Read more

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Zip retreats from most international markets to meet investors' profitability expectations

In 2022, Zip announced its exit from various markets, including Singapore, the United Kingdom, the Middle East, and Mexico. Despite recording strong growth in these markets, the firm has backtracked from its global expansion plan. In Mexico, for instance, the firm reported a growth of 210% month by month. With more than 350 merchant partners in the market and over 120,000 users, the firm also predicted growth of 600% in Mexico in 2023. Read more

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Rising airfare and inflation driving the demand for BNPL schemes in the travel segment

BNPL firms, globally, are seeking to leverage the current dynamics of the global travel market to their advantage, and are subsequently aiming to drive their gross merchandise volume and value. On the other hand, through strategic collaborations with BNPL providers, online travel booking platforms are aiming to offer affordable travel opportunities to all. Learn more