Q. Which Indian bank has acquired Snapdeal-owned mobile wallet FreeCharge?
Answer of this question "Which Indian bank has acquired Snapdeal-owned mobile wallet FreeCharge?", here are 4 choices for this question : ICICI Bank, HDFC Bank, Axis Bank , State Bank of India. Answer Is "Axis Bank ".
Axis bank has acquired Snapdeal-owned mobile wallet FreeCharge in an all-cash deal worth Rs 385 crore to strengthen its position in the payments space. This acquisition is expected to help the bank take a significant step towards digital distribution of financial products. The platform provides access to agile customer-facing technology, which will help the bank to serve its existing customers better and approach new digitally native customers in an efficient manner.