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Why has PhonePe returned home?

Finshots Daily

Phonebay Moves HQ From Singapore to India

6min Snip

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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.

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