We have another exciting news to share with you all.
Reaching another milestone in less than 8 months, you can now use our wallet to pay at over 100,000 merchants in both online and offline segments! With this momentum, we are eyeing new benchmarks in the industry and aim to reach 5 million merchants in next 18 months, with our wallet gaining large scale acceptance as a trusted and easy-to-use replacement for cash.
Announcing this milestone, Govind Rajan our CEO said,
“We are excited to be now part of over 100,000 merchant’s digital payments journey. In the last 8 months, we have expanded our reach in various sectors like F&B, commute, travel, e-commerce, retail, entertainment, ticketing etc. making our wallet ubiquitous in consumer’s day to day lives. We believe by fostering partnerships we have built an ecosystem which has helped us inch closer to our mission of becoming the Digital Payment OS of India. We foresee digital payments as the next big game changer in the way consumers and merchants do commerce today. We are here to create a habit by making digital transactions swifter, easy-to-use and secure for merchants and customers. We thank our merchants for their strong support. This milestone echoes the merchants’ trust and faith in Freecharge.”
Recently, data collected as part of Nielsen India’s Smartphone panel covering a sample size of 6000+ smartphone users, showed that Freecharge ranked No.1 in terms of reach and time spent amongst the top mobile payment apps in India and this was for time period between Oct’15 and Apr’16. With a 99% success rate, we have the best payments success rate in the country.