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Investors shift focus to mobile payments, last mile payment firms

Mobile payments alone gathered close to $1.51 billion in the year 2017 through 13 rounds of funding, according to data compiled by Tracxn

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Mayank Jain New Delhi
If investors backed wallet firms with money post demonetisation, they have now shifted focus to allied payment companies which range from mobile payments to last mile solutions. 

For instance, only one deal out of 23 that happened in the last 12 months in the payments space went to a wallet company (Paytm) while at least 13 deals happened in allied spaces such as payments processing, last mile payments and merchant on-boarding. According to data compiled by News Corp VCCEdge, $1.5 billion flowed in the payments industry last year. 

And this is just the tip of the iceberg. Mobile payments alone

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First Published: Jun 21 2018 | 7:04 AM IST

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