India's Unified Payments Interface eliminated most of the fees apps like Paytm charged for transactions, forcing them to search for other sources of income (Manish Singh/TechCrunch)

Manish Singh / TechCrunch:
India's Unified Payments Interface eliminated most of the fees apps like Paytm charged for transactions, forcing them to search for other sources of income  —  After signing up hundreds of millions of users, startups switch to lending and lean on merchants in search of revenues