Home Tags Freecharge
Reserve Bank of India (RBI) is set to grants inter-wallet money transfer. Mobile wallet market chanced to boost. Now you can transfer money between your mobile...
Mobile Wallets or e-Wallets have been one of the biggest beneficiaries of the government’s demonetization move, with India suddenly waking up to the convenience...
RBI has issued new guidelines on KYC documents for digital wallet customers to safeguard their transactions.
To ensure that employees don't quit the company after the acquisition by Axis Bank, FreeCharge employees will be given a six month retention bonus.
Axis Bank has confirmed that it is acquiring FreeCharge for ₹385 crore. The deal is expected to close by the end of September with regulatory approvals.
Snapdeal board has reportedly approved Axis Bank's offer to acquire FreeCharge, for ₹385-390 crore. Official announcement is expected to take place by the end of this week.
Amazon has placed a bid of ₹466 crore to ₹532 crore for the acquisition of FreeCharge. The payments startup already has two acquisition offers - one from Axis Bank and another from Bharti Airtel.
According to reports, Airtel has offered to acquire Freecharge for an undisclosed amount. The talks are already in the advanced stage.
According to confirmed sources, Axis Bank is conducting due diligence to acquire Freecharge for around ₹200 crores.
Freecharge has raised additional ₹22 crore from the owner company Jasper Infotech in exchange of 2.2 crore equity shares.
12Page 1 of 2