PhonePe Entangled in Money Laundering Probe Involving Winzo Games, Received ED Summons
India’s fintech giant PhonePe has found itself embroiled in a money laundering investigation after the Enforcement Directorate (ED) issued summons in connection with alleged transactions linked to Winzo Games. The development has raised serious questions about compliance, regulatory oversight, and the broader challenges facing India’s fast-growing digital payments and gaming ecosystem. Background of the Probe…