FreeCharge, India’s leading digital payments platform, announced that it now has 1 Million customers. Customer roll-out of the FreeCharge Wallet was initiated on 25th September, making this wallet the first in the country to achieve this milestone within 5 days of customer roll-out. The early used cases observed are for utility bill payments like mobile recharge, electricity bill payments and online shopping.
Excited about the achievement, Govind Rajan, Chief Operating Officer, FreeCharge and Chief Strategy Officer, Snapdeal said
We have hit the 1 million mark, that too within a week of roll-out. This is the fastest not just for wallets but for any digital product! This milestone is a testimony to the trust that consumers have on FreeCharge. Speed and security are two pillars of the consumer experience.
With FreeCharge Wallet customers are able to make their transaction within 10 seconds. FreeCharge is compliant with leading industry standards like PCI DSS, making FreeCharge the quickest and most secure wallet.
We are focused on building habit commerce and through our focus on partnerships we believe that we will create the most compelling consumer experience.
FreeCharge wallet is powered by cutting edge technology. It is a robust and flexible platform that leverages enabling technologies such as HCE, NFC, QR code & BLE to create a most intuitive consumer experience.
FreeCharge is India’s leading digital platform for recharge and utility payments which provides prepaid, post-paid, DTH and Electricity bill payment for almost all Indian service providers. FreeCharge was founded in 2010 by Kunal Shah & Sandeep Tandon and had received funding of over $120 million in the last 4 years. In the largest acquisition in the consumer Internet space yet, Snapdeal acquired FreeCharge in Apr’15 resulting in India’s largest m-commerce ecosystem. For more details, please visit FreeCharge