linkedin
BROUGHT TO YOU BY
Exclusive Access, Inclusive Growth

WELCOME TO ET PRIME

BROUGTH TO YOU BY
Exclusive Access, Inclusive Growth
ET Prime
Payments

Clicks are down: a big shift in digital payments is being written in the confines of four walls

The lockdown has a nightmarish impact on the digital-payments startups. While they are looking for ways to keep their heads above the water, no one is planning to cut jobs. But after the pandemic, a different industry will emerge, with smaller players falling off the fintech map. Second of a three-part series.
font size
FONT SIZE
save
SAVE
saved
SAVED
Gift this article
GIFT ARTICLE
artisingh
16 Apr 2020 17 Mins Read 5 comments
Getty Images
The ‘smiling’ faces of startup founders and CEOs in social media can’t hide reality — they are all losing their shit. With the world’s largest lockdown extended till May 3, the worry lines have deepened. During the first phase of the lockdown, companies across sectors saw 50%-100% decline in business, pay cuts, shutdown of units, and layoffs. The second phase
and lower burn rate in this period.” The rules of the game will be changed, with everyone going back to basics. The obsession for topping up the apps with additional features are fading off now. In the end, the cake will become plain vanilla and all the toppings will go. ( Graphics by Sadhana Saxena and Abdul Shafiq)
The ‘smiling’ faces of startup founders and CEOs in social media can’t hide reality — they are all losing their shit. With the world’s largest lockdown extended till May 3, the worry lines have deepened. During the first phase of the lockdown, companies across sectors saw 50%-100% decline in business, pay cuts, shutdown of units, and layoffs. The second phase and lower burn rate in this period.” The rules of the game will be changed, with everyone going back to basics. The obsession for topping up the apps with additional features are fading off now. In the end, the cake will become plain vanilla and all the toppings will go. ( Graphics by Sadhana Saxena and Abdul Shafiq)

The latest from ET Prime is now on Telegram. To subscribe to our Telegram newsletter click here.

Gift this story

YOU CAN GIFT 0 MORE STORIES THIS MONTH

Maximum 10 Email IDs allowed

300 characters remaining

Gift Sent Successfully

Limit Reached
Limit Reached

You’ve gifted all the 0 articles from your monthly gift bucket!

Please come back next month.

0 more articles will be waiting for you in your gift bucket.

CONTRIBUTORS WHO HAVE COMMENTED ON THIS STORY

test

user Arti Singh ET Prime, Assistant Editor - Fintech

test

user Chintu

Current Edition

[[^message]]

Result

[[/message]] [[#message]]

[[message]]

[[/message]]