wordpress blog stats
Connect with us

Hi, what are you looking for?

FreeCharge to let users transfer money from their digital wallets


Digital payments startup FreeCharge will now let its users transfer money from their digital wallet to other users, as well as registered merchants. The new ‘Chat and Pay’ feature will be integrated into the existing FreeCharge app and enable Person-to-Person (P2P), and Person-to-Merchant (P2M) conversation through chat.

We’re not sure why Freecharge users would like to chat with each other on the app, in the availability of more popular messaging services.

Merchants, on the other hand, will be able to upgrade their payment limits of Rs 1,00,000 with necessary KYC verification. They can accept payments by registering their bank account number and geo-location with FreeCharge. By choosing a custom identifier, a ‘paytag’ will be generated to allow customers to identify their service area through the FreeCharge app.

The feature will include new users like small shopkeepers, taxi services and merchants from unorganised sector without any investment.

Recent FreeCharge developments:

-Last month, FreeCharge tied up with mobile POS solution provider Ezetap to enable Freecharge’s customers to make payments across Ezetap’s service points.

Advertisement. Scroll to continue reading.

– In January, FreeCharge launched FreeCharge Go – a virtual card which can be used to make payments across all online merchants in India, in association with YES Bank and MasterCard.

– In November 2015, FreeCharge Wallet claimed to have crossed 10 million users within 60 days of its launch. The company also mentioned that it is adding a million users every 5 days, with the goal of reaching 35 million registered users by March 2016.

-In October 2015 , Freecharge launched a beta Android app called Juice which tracks talktime and data balance and supports operators like Airtel, Vodafone, Idea, BSNL, Reliance GSM and Aircel.

In the same month, Freecharge  launched an online recharge facility for smart card users of Mumbai Metro. With the new integration, Freecharge will enable Smart Card recharges on its website, Android, iOS and Windows app.

-In October 2015, FreeCharge allowed use Aadhaar UID as the primary KYC tool for opening and upgrading wallets. Anyone enrolling for the wallet with Aadhaar authentication would have their balance limit increased from Rs 10,000 to Rs 100,000 as well as remove the monetary limit on transactions.

– In September 2015 it launched a digital wallet which provides mobile and web transactions by facilitating payments, in partnership with private sector lender YES Bank.

Advertisement. Scroll to continue reading.

-In April 2015, e-commerce marketplace SnapDeal acquired site Freecharge for about $450 million.

Written By

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.



The DSCI's guidelines are patient-centric and act as a data privacy roadmap for healthcare service providers.


In this excerpt from the book, the authors focus on personal data and autocracies. One in particular – Russia.  Autocracies always prioritize information control...


By Jai Vipra, Senior Resident Fellow at Vidhi Centre for Legal Policy The use of new technology, including facial recognition technology (FRT) by police...


By Stella Joseph, Prakhil Mishra, and Yash Desai The Government of India circulated proposed amendments to the Consumer Protection (E-Commerce) Rules, 2020 (“E-Commerce Rules”) which...


By Rahul Rai and Shruti Aji Murali A little less than a year since their release, the Consumer Protection (E-commerce) Rules, 2020 is being amended....

You May Also Like


Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...


By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...


135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...


Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Your email address:*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ