How will FreeCharge deal benefit Axis Bank and Snapdeal?

Snapdeal has sold its digital payments arm FreeCharge to Axis Bank for $60 million. Although this is just 15% of the amount it paid to buy FreeCharge in 2015, the sale will help Snapdeal focus on a bigger transaction—its own sale. For Axis Bank, FreeCharge provides a ready platform to boost its digital business. Watch the video to know more.

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