Freecharge
wallet now accepted at 1, 00,000 merchants in India
~Reaches
the milestone within 8 months of launch~
Freecharge, India’s fastest growing digital payments platform has achieved an
important milestone of more than 100000 merchants within 8 months of its
launch. With its less-than-10 seconds payment completion promise, Freecharge
has rapidly gained acceptance as a trusted and easy-to-use replacement for cash
among merchants and consumers.
Announcing this milestone, Govind Rajan, CEO, FreeCharge, said, “We are excited to be a part of over 1,00,000 merchants’ digital payments journey. In the last 8 months, we have expanded our reach in various sectors like F&B, travel, e-commerce, retail, entertainment, ticketing etc. making our wallet ubiquitous in consumer’s daily lives. We have built a robust ecosystem by fostering a series of partnerships to achieve our mission of becoming the Digital Payment OS of India. We thank our merchants for their strong support. This milestone echoes the merchants’ and consumers’ trust and faith in Freecharge."
Freecharge expanded its reach by partnering with payment aggregators like ePaisa, CCAvenue, Ezetap and Pine Labs to facilitate payments through Freecharge wallet at various PoS terminals and online payment gateways. The company has also forged partnerships with India’s leading brands like Shoppers Stop, McDonalds, Café Coffee Day, Cleartrip, RedBus, OYO to name a few. Freecharge’s innovations like the On-the-go-Pin and Chat-n-Pay service has also fueled rapid adoption of wallet.
With aggressive growth plans, Freecharge aims to reach 5 million merchants in next 18 months. Recently, a Nielson study revealed that Freecharge wallet is the fastest growing wallet in the country with a reach of 30%. With a 99% success rate, Freecharge has the best payments success rate in the country.
About
Freecharge:
Freecharge is India’s fastest growing digital
payments platform. Consumers across the country use Freecharge to make prepaid,
post-paid, DTH and Electricity bill payments for numerous utility service
providers in addition to leading online and offline merchants. Freecharge is
PCI DSS compliant for information security and is at the forefront of the
mobile commerce revolution with over 90 per cent of transactions originating
from mobile. Freecharge Go, the virtual card was launched in January 2016,
making Freecharge wallet the universally accepted wallet in India.
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