PhonePe strikes strategic partnership with FreeCharge
Bengaluru, January 4th, 2018: PhonePe, India’s fastest growing payments platform, has entered into a strategic partnership with leading Wallet player FreeCharge. Per the deal terms, PhonePe has now enabled its 45Mn plus users to link their existing FreeCharge Wallets to the PhonePe app. Once linked, PhonePe customers will be able to spend their Freecharge wallet balance at all online and offline merchant outlets that accept the PhonePe payments container.
Commenting on the partnership, Hemant Gala, Head Banking Products & Strategic Partnerships, PhonePe said, “We are delighted to partner with FreeCharge and offer our customers the option of using their Freecharge wallet inside the PhonePe app. This is in line with our vision of making PhonePe India’s 1st truly open payments platform, where customers can use any and all payment instruments of their choice.”
In order to pay via FreeCharge on PhonePe, customers can link FreeCharge from ‘My Account>Other Wallets’ section. FreeCharge will show up on the customers and merchants app at the PhonePe payment path. Customers can choose to use their FreeCharge balance along with the PhonePe wallet balance/other instruments for payments.
Sangram Singh, CEO, FreeCharge said, “We are excited by this partnership which enables FreeCharge customers to shop at various offline and online partners that PhonePe has tied up with, especially at popular online shopping destinations such as Flipkart, Myntra, eBay and Jabong. This will help further the use of digital payments and provide more options to our customers.”
FreeCharge customers will also be able to recharge and pay bills and shop at various offline and online stores that PhonePe has tied up with. PhonePe is currently live across more than 60 thousand online and offline merchants including MakeMyTrip, PVR, Cleartrip, 1mg, FreshMenu, Faasos and Abhibus and most national offline chains like Café Coffee Day, Apollo Pharmacy, KFC, Barista, Spencer’s, FoodWorld etc.
Bengaluru-headquartered PhonePe is the fastest growing payments company in India. With over 65 million installs, the PhonePe App drives the highest number of merchant UPI transactions in India. Using PhonePe, users can send and receive money, recharge mobile, DTH, datacards, make utility payments, buy gold and shop online and offline. Customers can also use PhonePe as a payment option across 60 thousand offline and online merchant outlets covering food, travel, groceries, movie tickets etc.
For more details, please visit https://www.phonepe.com or download the PhonePe app.
FreeCharge is India’s leading digital payments app where consumers across the country to make payments for prepaid recharges, postpaid bills, DTH recharges, broadband recharges, utility bill payments such as electricity, gas and water. In addition, consumers can use their FreeCharge wallet to pay for their fuel purchases, travel and commute bookings, food delivery and dining, movie and event tickets, shopping needs across leading offline and online merchants. FreeCharge’s prominent merchant partners include HPCL, IRCTC, Swiggy, Zomato, Mcdonalds, Shoppers Stop, bookmyshow and a host of others. For more details, please visit https://www.freecharge.com or download the FreeCharge app.
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