Ola acquires mobile payments startup Qarth
Taxi-aggregator company Ola on Tuesday acquired Chennai-based startup Qarth, which runs mobile payments app X-Pay, to strengthen its mobile wallet business Ola Money. The Co-founders of Qarth will join Ola Money along with their present team. Founded in 2012 by Abhinav Srivastava and Prerit Srivastava, the X-Pay app facilitates mobile payment to anyone with IMPS enabled bank account across India. 