 "payments, smartpones, digital, apps, finance, fintech")
When Bajaj Finance announced its foray into the payments business along with its December quarter results a few weeks ago, the business development took centre-stage over quarterly results. Stock market analysts were quick to call it the start of a new growth phase for the lender.
Emkay Global Financial noted that the company has begun a transformation process, while analysts at JM Financial said the strong digital footprint with a marketplace approach will help capitalise parent company Bajaj Finserv’s group synergies. Those at Bernstein surprised the Street the most, upgrading its rating on Bajaj Finance to “outperform”, adding the “fintech”
