MobiKwik Partners Bajaj Finance for Larger Financial Services Pie
August 5th, 2017
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 Rs 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.