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The Indian digital payments sector may be growing by leaps and bounds, but ironically, the number of contenders in this competitive space is shrinking. Reason: as a clutch of hyper-funded payment startups grab market share aggressively, their smaller peers are being acquired.
Over the last few months multiple payment companies have been completely acquired or have sold majority stakes to their larger rivals.
Here’s what has happened since the start of the year:
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