Banks wary about credit on UPI by fintechs; layoffs at edtech unicorn Physics Wallah
Indian fintechs are eyeing credit lines on UPI but banks want to put the brakes on the growth of unsecured credit. This and more in today’s ETech Morning Dispatch.Also in this letter:■ Quick commerce firms score big on WC final■ Sam Altman’s exit and key developments■ Taking stock of IT sector staff’s work hoursBanks wary of UPI credit even as fintech firms make big plans Hi, this is Pratik here in Bengaluru. Today my colleague Ajay and I write about how fintechs are looking at credit lines on UPI as the next big…