Freecharge’s Chat-n-Pay service has 1 million active users
Freecharge,
India’s fastest growing digital payments platform has achieved another
milestone in its journey towards a less-cash society. The company has
registered 1 million active users for its Chat-n-Pay service in just 2 months
of its launch. Chat-n-Pay service is an engaging and secure way of enabling
social payments between Person-to-Person and Person-to-Merchants payments.
The Chat-n-Pay service includes features like Send money, Request money,
and Spilt bill. Among the 1 million users, 48% have used the service to Send
money, 46% to Request money and 6% for Split bill.
Consumers have been using all the three services actively to recharge, pay
bills, and split bills among friends and family. The Chat-n-Pay service also
has over 50,000 merchants registered on the platform accepting digital payments
and the services include Taxi drivers, Saloons, Kirana stores etc across Delhi,
Mumbai, and Bangalore.
Announcing this milestone, GovindRajan, CEO, Freecharge,
said, “We are excited to see over 1 million users transacting digitally via
our Chat-n-Pay service. We forayed into social payments with an intent to
enable merchants from both organized and unorganized sector easily register on
our platform and accept digital payments in less than 10 seconds. For
consumers, the intention was to ride on the existing habit of chatting and
further empower them to use this mean to also pay for different services. We
are confident that Chat-n-Pay will further accelerate the adoption of digital
payments among Indian consumers and merchants at zero investment."
Freecharge is at the forefront of launching technologies which enable a
payment success rate of 99% making it one of the fastest payments platform in
the country. With each innovation, the company is making it easier for
merchants and consumers join the digital payments journey and move towards a
less cash economy.
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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