Axis Bank acquires FreeCharge for Rs. 385 crore

Posted on:27 Jul 2017 16:23:05
Axis Bank acquires FreeCharge for Rs. 385 crore
27 July 2017 Current Affairs: Axis Bank announced the acquisition of Snapdeal-owned mobile payments provider Freecharge in an all-cash deal worth Rs385 crore.

It will get over 50 million customers of Freecharge along with its niche and patented technology and human resources.

FreeCharge started as a recharge deal coupons platform before turning into a full-scale mobile wallet.

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