Mobile wallet interoperability will allow a Paytm user to transfer and receive funds from a FreeCharge or MobiKwik user.
The bank's managing director and chief executive, Shikha Sharma, told reporters that the agreement was signed earlier in the day and the deal is important from a strategic perspective for the bank.
Snapdeal had acquired FreeCharge in 2015 for an estimated Rs 2,400 crore in a stock-cash deal
Kothari, who has previously served as CEO of Softbank-backed online real estate company Housing.com, will continue as Chief Strategy & Investment Officer at Snapdeal in addition to his role of CEO, FreeCharge
In an attempt to step up its competition with market frontrunner Paytm, mobile wallet platform FreeCharge on Tuesday announced its partnership with online marketplace pioneer eBay India via Billdesk.
One of the immediate fall outs of the demonetisation of high value notes would be a mushrooming growth in the number of non-bank players like Paytm and Free charge into the payment business.
Prime Minister Narendra Modi’s November 8 announcement scrapping higher denomination notes, which left citizens in tizzy, proved to be an ‘excellent’ move for mobile wallet companies.
Bangalore: Snapdeal today announced the acquisition of mobile transactions platform, FreeCharge, in what the online marketplace calls as "one of the largest acquisitions" in the Indian digital commerce space.However, the company did not disclose the
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