FreeCharge has launched a new virtual card ‘FreeCharge Go’.
FreeCharge Go is linked with FreeCharge wallet and will make the wallet universally accepted across all online merchants in India. FreeCharge will soon be available for payments at offline stores as well in coming months.
Launched in association with YES Bank, ‘FreeCharge Go’ is powered by MasterCard. The card can be activated in just a few seconds, said the company.
Govind Rajan, Chief Operating Officer, FreeCharge said, “FreeCharge Wallet is the fastest growing wallet in the country. We are insanely focused on UI – 0ver 99% of our transactions are completed in less than 10 seconds. As a result we have amongst the stickiest cohort – with over 72% consumers being repeat consumers.”
Post activation, FreeCharge users will be able to see a 16 digit MasterCard number with an associated CVV in their FreeCharge account. The card details are only accessible after entering security MPIN every time the customer has to view the card details to protect customer information. In addition, every transaction using the card needs to be verified by an OTP which is sent to the registered mobile number.