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FreeCharge partners with Axis Bank to load money via UPI

Axis Bank and mobile wallet FreeCharge have partnered to allow its users to make payments through the Unified Payments Interface (UPI). Through this, FreeCharge users will be allowed to load money into their wallets through the UPI option which will be powered by Axis Bank's SDK. It's worth remembering that the National Payments Corporation of India (NPCI) had said that wallets were not allowed to be a part of the UPI as banks needed time to catch up to them in terms of services. However, they could sign on with banks as merchants. UPI is a payments architecture that will allow users to make a transaction without divulging their account via aliases (such as shashidhar@hdfcbank) and will allow pull-based payments. More on that here. Note that FreeCharge launched its wallet services in association with YES Bank in September 2015. It's strange that…

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