FREECHARGE
WhatsApp to double down on financial services, AI: CEO Kunal Shah
WhatsApp is implementing new strategies aimed at improving user experience by making communication features more intuitive for seamless navigation. The initiative includes streamlining financial transactions, so users won’t have to navigate out of the app. Kunal Shah is also looking to harness artificial intelligence for better schedule management. Collaborations with telecom and payment services may elevate these functions. Importantly, user privacy is safeguarded, maintaining end-to-end encryption on all communications.
Axis Bank's Freecharge gets in-principle RBI nod to operate as payment aggregator
Axis Bank's digital payments platform Freecharge has received in-principle approval from the Reserve Bank of India. The approval allows Freecharge to operate under PA-O1 and PA-P1 categories starting in FY27. The bank has reported a 34% year-on-year growth in UPI transaction value for July-September. Digital transactions represented 98% of the total financial transactions during this quarter. Axis Bank continues to expand its digital payments operations, reflecting ongoing investment in technology.
PhonePe and FreeCharge join hands allow customers access to PhonePe merchants
In order to pay via FreeCharge on PhonePe, customers can link FreeCharge. Also FreeCharge will show up on the customers’ and merchants’ app at the PhonePe payment path.
Axis Bank acquires FreeCharge for Rs 385 crore
The nearly $60 million deal is a significant drop from the $400 million that Snapdeal had acquired FreeCharge for in 2015.
SoftBank may sell Freecharge at 50% discount for $200 million
Alibaba-owned Paytm is one of the frontrunners to clinch Freecharge if terms between the two parties are agreed upon, sources indicated.
FreeCharge gets Rs 390cr top-up from Snapdeal's parent company
The latest capital infusion received by FreeCharge Payment Technologies was declared by the company in a filing submitted to the Registrar of Companies (RoC) in the last week of December. Jasper Infotech also owns and operates online marketplace Snapdeal.com.
FreeCharge launches insurance policy for mobile wallet users
"At FreeCharge, we are constantly innovating and experimenting to further the consumer interest in the best possible way," said Govind Rajan, chief executive officer, FreeCharge.
Freecharge appoints Anand Sinha to head its Startegic Initiatives department
In his new role, Anand will be leveraging his experience in leading both the online and offline partnerships to help FreeCharge scale up its merchant operations along with working on several key strategic initiatives for the firm.
Freecharge plans to acquire 1 million merchants for digital payments over the next 12 months
The new feature that FreeCharge has rolled out nationally is "on the go pin", which allows a user to complete a transaction even if there is no internet or phone coverage.
Freecharge crosses 1 lakh wallet on delivery transactions
An added benefit of payments made through the FreeCharge wallet is that in case a customer returns a product, the refund is credited back to the wallet instantly as soon as the packet is picked up.
Freecharge partners with Meru Cabs
"Commuters now don't need to tender exact cash as the exact fare will be auto-debited from their wallet," said Sudeep Tandon, Chief Business Officer, Freecharge.
About 100 FreeCharge clients lose money after cyber attack
FreeCharge, which has 37 million customer accounts, said in an emailed response that it started reversing transactions of up to Rs 2.9 lakh after August 19.
Freecharge to make 1 lakh taxis go cashless by 2016-end
Freecharge has reached over 15,000 taxi drivers in Delhi, Mumbai and Bengaluru to accept payment using their phone in an easy and secure manner in 60 days.
FreeCharge-CCAvenue to give customers access to 1 lakh online merchants
With this, FreeCharge is the fastest growing wallet in the country and well on its way to being the Digital Payment Operating System of India.
Freecharge partners with Mexico-based movie theatre chain Cinepolis
With the partnership going live in the second week of March, customers can pay for movie tickets and Food& Beverages (F&B) across 38 Cinepolis theatres in 28 Cities using the FreeCharge wallet.
Freecharge virtual Go card crosses half a million mark
Snapdeal owned digital payments firm FreeCharge, which launched its 'Go' virtual card ten days ago claims to have crossed the 'half a million' figure.
FreeCharge names Airtel Money finance head Anshul Kheterpal as its CFO
“I am excited to join FreeCharge at a time when the payments industry is abuzz with new ways of creating digital transaction processes for customers,” Kheterpal said.
FreeCharge is the new on ground official partner of IPL
The Indian cricket board has signed up digital payments platform FreeCharge as the on-ground official partner of the VIVO Indian Premier League (IPL) for the next two years.
FreeCharge launches digital wallet
In April, e-commerce major Snapdeal had acquired FreeCharge in a 'cash and stock' deal, marking "one of the largest acquisitions" in the Indian digital commerce space.
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