Deciding two connected writ petitions arising from a common Industrial Tribunal Award, the Delhi High Court set aside the Tribunal's direction granting hotel workmen a further…
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06/09/20264 min read
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MobiKwik shelves BNPL play amid margin pressure and lender scarcity
BankingFinancial Management
MobiKwik Shelves BNPL Play Amid Margin Pressure, Lender Scarcity Digital payments firm MobiKwik has decided to halt its Buy Now, Pay Later (BNPL) operations. This strategic shift is attributed to increasing margin pressure and a scarcity of lending partners in the market. The decision reflects the challenging environment faced by fintech companies in the BNPL sector, which has seen heightened regulatory scrutiny and rising funding costs. MobiKwik's move indicates a re-evaluation of its business model to focus on more sustainable revenue streams.
