2017
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Shikha Sharma
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Rajiv Anand
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Sangram Singh
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Sanjiv Misra
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Detailed explanation-1: -Axis Bank Completes Acquisition Of Digital Payments Platform Freecharge, Names Sangram Singh As CEO.
Detailed explanation-2: -We would like to expand merchant network to almost 10 million in 3 years: Siddharth Mehta, MD & CEO, Freecharge.
Detailed explanation-3: -Axis Bank acquired Freecharge from Snapdeal in a Rs 385 crore ($60 million) deal in July 2017. Before that, Freecharge’s original founders Kunal Shah and Sandeep Tandon sold the wallet platform to Snapdeal for about Rs 3, 000 crore ($400 million) in April 2015.
Detailed explanation-4: -Axis Bank acquired an 100% shareholding of Freecharge for Rs. 385 crores outside its main line of business with an expectation to help the bank take a leap towards digital distribution of financial products to provide its customers in a more efficient manner.
Detailed explanation-5: -FreeCharge, a wholly owned subsidiary of Axis Bank Limited, is India’s No. 1 payments app. Customers across the country use FreeCharge to make prepaid, postpaid, DTH, metro recharge and utility bill payments for numerous service providers.