Ecommerce giant Flipkart has acquired majority stake for Rs 45.4 crore in FX Mart, reports iamWire. Flipkart disclosed the terms of the deals in the registrar of companies filings. The move will help Flipkart offer digital wallet services on its app as FX Mart holds a prepaid payments instrument licence from the Reserve Bank of India (RBI). iamWire further reports that Flipkart is not planning to use the payment service on its own platform, but it will offer this service on third-party sites and apps later. It also added that two senior Flipkart executives have joined the board of FX Mart. This is Flipkart's second investment in the payments space. It had acquired 65.71% stake in mobile payments platform ngpay in December last year. Sourabh Jain, the promoter-shareholder of ngpay, will hold the remaining stake. As per the agreement, Jain and Flipkart have set up ngpay in…
