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Saturday, 5 August 2017

MobiKwik Partners Bajaj Finance for Larger Financial Services Pie


Mobile wallet major MobiKwik has entered into a strategic partnership with Bajaj Finance to transform itself into a financial services app from a payments app at present.

Under this partnership, Bajaj Finance has picked up 10.83 per cent equity stake in MobiKwik for about ₹225 crore and offer its lending (purchase finance, credit card, mortgage loans and personal loans) and insurance products to be sold through the MobiKwik app.

Important Takeaways from Above News-
  • Chairman and MD of Airtel is Sunil Bharti Mittal.
Source-  The Hindu

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