FreeCharge, India’s leading digital platform for recharge and utility payments, with a volume of over 200 million transactions annually, today announced the launch of FreeCharge Digital Wallet. The ‘comprehensive and trusted’ digital wallet service will transform mobile and web transactions by facilitating easy and secure payments. The wallet is being launched in partnership with YES bank, one of India’s leading private sector banks.
With an ecosystem of 8.2 million daily unique users, 4 million monthly engaged hours, 15 million stored cards, combined with GMV of over USD 4 billion, the FreeCharge Digital Wallet is set to become India’s most used wallet in the next 6 months.
In line with Snapdeal’s vision of building the most impactful digital commerce ecosystem in India, the FreeCharge digital wallet will enable a culture of digital payments through multiple partnerships.
In addition to a large and robust network of merchant partners, FreeCharge will partner with FINO – a payments bank licensee to build scale and ability to reach even the under-served.FreeCharge Digital Wallet is powered by cutting edge technology, consumer behaviour insights and innovations in payments. It is a robust and flexible platform that leverages enabling technologies such as HCE, NFC, QR code and BLE to bring in efficiencies in the consumers’ purchase experience.