Mobile wallet and digital payments player FreeCharge launched a ‘Çhat and Pay’ feature on Thursday. The company said the feature enables social payments between users and merchants.
Merchants can now accept payments using the FreeCharge app in under a minute of registration. With this app, they can also upgrade their payment limit of Rs 1 lakh with necessary KYC verification, the company said in a statement.
FreeCharge wants to use the app to bring kirana shops, taxi services and merchants from the unorganised sector closer to customers.
To accept payments from customers, merchants must register their bank account number, geolocation and choose a custom identifier, – paytag – on the FreeCharge app. The information will allow customers to identify the areas that these merchants service.
The chat-based payment feature has a five second transaction time, the company sai and all at zero investment.
Earlier this year in January, FreeCharge had partnered with McDonalds to enable customers to pay using its wallet using the on-the-Go Pin authentication method, and had also tied up with fashion retailer Shoppers Stop in November 2015.
The ‘Chat and Pay’ buyer-seller interface was rolled out on Thursday on Android. The iOS and Windows versions will be out over the next few weeks.