Deal confirmed: Axis Bank buys FreeCharge from Snapdeal for $60 mn
Axis Bank's financial chief put the move in context, saying digital payments were surging in India
 "Deal confirmed: Axis Bank buys FreeCharge from Snapdeal for $60 mn")
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Axis Bank Ltd , India's seventh-biggest lender by assets, said on Thursday it had agreed to buy mobile payments wallet provider FreeCharge from e-commerce company Snapdeal for Rs 385 crore ($60.04 million).
"Digital payments in India are surging. Government policies are driving a less-cash economy," Axis Bank finance chief Jairam Sridharan told a news conference after announcing the deal.
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