India: Flipkart, payments arm PhonePe chart separate routes for fintech

Photo: REUTERS/Abhishek N. Chinnappa

Flipkart and its payments arm PhonePe, which are both in the process of building out their fintech businesses, are undertaking different strategies to develop their respective units as part of a broader strategy to solve problems for online consumers and avoid cannibalizing each other’s businesses, according to two people directly aware of their strategies.

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