CURRENT AFFAIRS

2022

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

Which company will acquire wealth management platforms Wealthdesk & OpenQ for about $75 million in total?

A	Google Pay
B	Paytm
C	BharatPe
D	PhonePe

Explanation:

Detailed explanation-1: -Walmart-backed PhonePe set to acquire WealthDesk, OpenQ for $75 million.

Detailed explanation-2: -Walmart-owned PhonePe is acquiring two wealth management companies WealthDesk and OpenQ.

Detailed explanation-3: -Walmart-owned PhonePe has acquired investment platform WealthDesk and wealth management platform OpenQ for a combined $75 million, Bloomberg reported on Tuesday. A PhonePe spokesperson confirmed the acquisition to Entrackr.

Detailed explanation-4: -Shared by Ujjwal Jain Don’t miss out on the opportunity to…

Detailed explanation-5: -The stake transfer to Walmart completes the move to make PhonePe a fully India-domiciled company from a Singapore-based one. The separation process began in December 2020 when Walmart invested directly in PhonePe.

There is 1 question to complete.