Meta-CRED deal raises foreign influence concerns in fintech: GTRI

Think tank GTRI said Meta's CRED deal raises concerns about growing foreign influence in India's fintech sector. "The central issue is...whether India is...allowing control over the financial data of millions of economically active citizens to migrate into foreign-owned digital ecosystems," GTRI Founder Ajay Srivastava said. The deal might be remembered as a milestone in that transition, he added.