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Freecharge to reach 5 million merchants in next 18 months

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, India’s fastest growing digital payments platform recently announced that the company has achieved an important milestone of more than 100000 merchants within 8 months of its launch.

With aggressive growth plans, Freecharge aims to reach 5 million merchants in next 18 months.
With aggressive growth plans, Freecharge aims to reach 5 million merchants in next 18 months.

With its less-than-10 seconds payment completion promise, Freecharge has rapidly gained acceptance as a trusted and easy-to-use replacement for cash among merchants and consumers.

Read: FreeCharge sees 15pc growth in monthly transactions

“We are excited to be a part of over 1,00,000 merchants’ digital payments journey. In the last 8 months, we have expanded our reach in various sectors like F&B, travel, e-commerce, retail, entertainment, ticketing etc. making our wallet ubiquitous in consumer’s daily lives. We have built a robust ecosystem by fostering a series of partnerships to achieve our mission of becoming the Digital Payment OS of India. We thank our merchants for their strong support. This milestone echoes the merchants’ and consumers’ trust and faith in Freecharge,” CEO, FreeCharge, Govind Rajan, said in a press statement.

Freecharge expanded its reach by partnering with payment aggregators like ePaisa, CCAvenue, Ezetap and Pine Labs to facilitate payments through Freecharge wallet at various PoS terminals and online payment gateways. The company has also forged partnerships with India’s leading brands like Shoppers Stop, McDonalds, Café Coffee Day, Cleartrip, RedBus, OYO to name a few. Freecharge’s innovations like the On-the-go-Pin and Chat-n-Pay service has also fueled rapid adoption of wallet.

Read More: Haldiram’s goes digital, ties up with Freecharge

With aggressive growth plans, Freecharge aims to reach 5 million merchants in next 18 months. Recently, a Nielson study revealed that Freecharge wallet is the fastest growing wallet in the country with a reach of 30%. With a 99% success rate, Freecharge has the best payments success rate in the country.