Mobikwik, backed by the Abu Dhabi Investment Authority and Sequoia Capital, says it is India's biggest buy now, pay later fintech company.

The US firm’s acquisition heats up the buy now, pay later race in a country where more than two-thirds of all transactions are still paid for in cash

• Takeover of buy-now, pay-later firm seen creating rival to PayPal, Klarna • Australian firm’s popularity soared during Covid pandemic...