Current Affairs - Business - Discussion

Taking a big step towards positioning itself as a top consumer finance brand in the digital space, mobile wallet major MobiKwik has entered into a strategic partnership with Bajaj Finance Ltd to transform itself into financial services App from a payment App. Under this strategic 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 MobiKwik App.