PhonePe, Affle Global reach settlement on OSLabs acquisition

After a year-long saga, digital payments major PhonePe and Affle Global (AGPL) have finally reached a settlement on the acquisition of OSLabs, the Singapore-based holding company of app and content discovery platform Indus OS.

ET reported on April 13 that both parties were looking to settle the matter after filing cases against each other in the Singapore High Court starting May 2021.