FinnTech startup Phonebay has moved its base from Singapore to India. The Indian government sent phonepays investors a tax bill of a whopping $1 billion. One theory is that phonepays is preparing for a stock exchange listing in India. Lending money could be the real game changer because everyone wants a loan these days.
In today’s episode for 11th January 2023, we explain why fintech startup PhonePe has moved its base from Singapore to India..