Narendra Modi distributed 5100 E-Rickshaws under the Mudra Yojna Scheme. Under this program e-rickshaws are slotted for distribution in the Delhi-NCR area and Faridabad. Customers will be able to book e-rickshaws through the Ola mobile app and make online payment via Freecharge.
Mobile commerce platform FreeCharge has partnered with Bhartiya Micro Credit (BMC), an NGO focused on providing aid to low-income individuals, to enable E-rickshaw drivers to register themselves as merchants on FreeCharge’s recently launched Chat-n-Pay platform to accept digital payments.
Mobile commerce platform FreeCharge has partnered with online payment gateway CCAvenue to enable its customers, gain access to over one lakh online merchants across sectors like hospitality, retail and education.
This partnership eliminates friction by facilitating payments with just a few clicks in a secure payment method. Enabling wallet payments at retail merchants will enable the wallet consumers to use FreeCharge both not just online but at over 40000 offline points too.
FreeCharge has launched a new virtual card ‘FreeCharge Go’. It is linked with the wallet and can soon be used for payments at offline stores. Launched in association with YES Bank, ‘FreeCharge Go’ is powered by MasterCard. Users will be able to see a 16 digit number with an associated CVV in their account.
Anshul will help craft strategies for the payments business at FreeCharge and Snapdeal and will strengthen the digital payments business. FreeCharge claims that FreeCharge Wallet crossed over 10 million users and is on an aggressive growth journey to reach 35 million wallets by March 2016.
FreeCharge will adopt Government’s Aadhar card as the primary KYC tool for opening and upgrading wallets. Consumers who enrol for a FreeCharge wallet with Aadhaar can have their balance limit enhanced from Rs 10,000 to Rs 1 Lakh, without any limits per transaction. Paytm too does the same for wallet verification.
FreeCharge announced today that they have crossed 1 million customers in their payment platform. The achievement makes FreeCharge the first ever e-Wallet company in the country to have attained such a milestone.
Neither company has disclosed the terms of the deal.
Snapdeal is raising another $700mn