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FreeCharge, the fastest growing digital wallet in the country, has seen half a million sign-ups for its recently launched virtual card ‘FreeCharge Go Card’, Govind Rajan, Chief Operating Officer has said.
This virtual card – launched recently in association with MasterCard — enables the customers to use the FreeCharge wallet on all online stores in the country, thereby enabling wider acceptance of wallet.
In one stroke, the FreeCharge Go Card has connected all online merchants to the FreeCharge wallet.
Meanwhile, Rajan also said that FreeCharge is working with Pine Labs, ePaisa and other retail Pont-of-Sale (POS) providers to enable acceptance of FreeCharge digital wallets.
“We believe we are in a fight against cash. We cannot create the ecosystem of digital payments on our own. We have to create the digital ecosystem in partnership with as many people. “This is a market development challenge and not market share challenge.
“The person who expands the market will grow most,” Rajan told BusinessLine here.
Rajan said that FreeCharge will come up with new ways of payments whereby anybody with a smartphone could start accepting payments.
FreeCharge is eyeing transaction velocity of seven million transactions a day by end of this year, from one million transactions a day, he said.
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