Question:medium

Which bank has announced to acquire mobile payment wallet provider FreeCharge from e-commerce company Snapdeal for Rs. 385 crore?

Show Hint

Mergers and acquisitions in the fintech sector are on the rise, as companies aim to strengthen their digital platforms and expand their user base in the rapidly growing mobile payments market.

Updated On: Jul 16, 2026

HDFC Bank
Axis Bank
Kotak Mahindra Bank
Citi Bank

Show Solution

The Correct Option is B

Solution and Explanation

HDFC Bank: did not acquire FreeCharge.
Axis Bank: bought FreeCharge from Snapdeal for about Rs. 385 crore.
Kotak Mahindra Bank: not involved in this deal.
Citi Bank: not involved in this deal.

The correct answer is Axis Bank.

Was this answer helpful?

0

Top Questions on Business and Economy

Questions Asked in SNAP exam

Adhir Mishra has three children: Urmila, Raghu and Sumit. Sumit married Roma, the eldest daughter of Mr. and Mrs. Mohan. The Mohans married their youngest daughter to the eldest son of Mr. and Mrs. Sharma and they had two children Sandeep and Shaifali. The Mohans have two more children, Roshan and Bimla, both elder to Sheila. Sohan and Shivendar are sons of Sumit and Roma. Leela is the daughter of Sandeep.

SNAP - 2024
Blood Relations

Read the following information carefully and answer the questions thatfollow:
(i) There is a group of five friends.
(ii) Keshav is second in height but younger than Rekha.
(ii) Parul is taller than Megha but younger in age.
(iv) Rekha and Megha are ofthe same age but Rekha is tallest. between them.
(v) Nikku is taller than Parul and elder to Rekha.

SNAP - 2024
Ordering and Ranking

In the following figure, the smaller triangle represents teachers; the big triangle represents politicians; circle represents graduates and rectangle represents members of Parliament. Different regions are being represented by letters of English alphabet. On the basis of the above diagram, answer the following questions:

SNAP - 2024
Venn Diagrams

In the question below, each passage consists of six sentences. The first (S1) and sixth (S6) sentences are fixed. The middle four sentences P, Q, R, S are jumbled. Find the proper order of the four sentences.
S1: The library is a place where knowledge is preserved and shared with all.
P: Students and researchers often visit to find useful information for their studies.
Q: It houses thousands of books, journals, and digital resources on various subjects.
R: The peaceful environment helps visitors focus and absorb knowledge effectively.
S: Librarians play a crucial role in organizing and maintaining these resources.
S6: Thus, the library serves as a treasure trove of wisdom for generations.

SNAP - 2024
Para Jumbles