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March 21, 2016 02:54 pm GMT

Indian ride-hailing app Ola acquires mobile payment startup Qarth to expand Ola Money

india traffic shutterstockAfter launching a standalone app for Ola Money in November last year, Indian transportationapp Ola has made an acquisition to double down on its mobile wallet and payments business: the company has acquired Qarth, a startup that has developed a mobile payments app calledX-Pay. Financial terms of the deal have not been disclosed. The is the third acquisition announced by Ola, and the first… Read More

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