Sat, Feb 25, 2017 | updated 11:34 PM IST

FreeCharge to on-board one million merchants in next 12 months

Updated: Nov 23, 2016 10:49 IST

New Delhi [India], Nov 23 (ANI): Digital payments platform FreeCharge has announced that it has ramped up its acquisition effort and is targeting to on-board one million merchants in the coming 12 months.

An innovative feature that FreeCharge has rolled out nationally is "on the go pin", which allows a user to complete a transaction even there is no internet or phone coverage. This feature has been developed specially for India and FreeCharge has applied for a patent for the same.

In the light of currency demonetization, FreeCharge has seen a sustained 10X surge in the number of retail merchant sign-ups. In support of the government's initiative, FreeCharge has implemented a zero commission offer for new merchants.

This represents an important and recurring saving for the merchants as credit card companies normally deduct two to four percent for each payment made through them. Since the announcement of zero commission, FreeCharge is on-boarding a new merchant every 30 seconds.

Food delivery, groceries, daily household payments are the largest part of current transactions. The FreeCharge wallet is also used regularly and extensively by users to conveniently pay for phone recharges and utility payments like electricity, gas, petrol, DTH and lots more.

"FreeCharge is committed to Government of India's vision of Digital India. To make the digital payments more convenient and all pervasive, our teams are executing a slew of initiatives aimed at simplifying and accelerating merchant on-boarding," said Chief Executive Officer FreeCharge, Govind Rajan.

It has also seen new merchants on-boarded from small villages such as Sikar in Rajasthan, Prakasam in Andhra Pradesh, Narnual in Haryana and many more.

It is a welcome sign of digital money being seeded across all demographics and socio-economic strata through FreeCharge. (ANI)

New Delhi [India], Feb 25 (ANI): India Inc's salary hikes in 2017 are projected to be at an eight-year low as per a survey by Aon Hewitt, which noted that the average pay hikes will be 9.5 percent across industries.

Full Story >>

New Delhi [India], Feb 25 (ANI): Talking about the performance of the Bharat Interface for Money (BHIM) app of the government, Niti Aayog CEO Amitabh Kant said that the app has successfully recorded 17 million downloads so far, which is a world record in itself.

Full Story >>

New Delhi [India], Feb. 25 (ANI): Expressing concern over a lukewarm response on allowing small and medium scale shop-keepers to remain open for all seven days, ASSOCHAM persisted to the Centre to persuade states to approve and adopt the Shops and Establishments Bill draft, in order to promote retail trade in the country.

Full Story >>

New Delhi [India], Feb 25 (ANI-NewsVoir): PHD Chamber organized a unique first of its kind PHD Golf Tourism Conclave and Golf Tournament 2017 on February 24-25, 2017 in Pune with a focus on making India a favored Golfing Destination in the world.

Full Story >>

New Delhi [India], Feb. 25 (ANI): A few months ahead of the incorporation of the much-awaited Goods and Services Tax (GST), Chief Economic Advisor Arvind Subramanian revealed that internal trade has drastically improved; this being a boon to the country's progress in the wake of GST.

Full Story >>

New Delhi [India], Feb. 25 (ANI): According to a survey conducted by online citizen-engaging platform LocalCircles, over 90 percent participants have stated that the Maximum Retail Price (MRP) of medical instruments, particularly stents and orthopaedic implants, should be printed on the device itself. Additionally, citizens have demanded that all such medical devices must be brought under Packaged Commodity Rules at the earliest

Full Story >>

New Delhi [India], Feb 24 (ANI): Enforcement Directorate on Friday issued show cause notice dated February 16, 2017 to CC Thampi and his three companies including Holiday City Centre, Holiday Properties, and Holiday Bekal Resorts Pvt. Ltd respectively for contravention of provisions of section 6 (3) (b), 6(3)(e), 6(3)(f), 6(3)(i) read with Section 47(3) and Section 6(6) of Foreign Exchange Management Act,1999 for the aggregate amount of Rs. 288 crore.

Full Story >>

New Delhi [India], Feb 24 (ANI-BusinessWireIndia): As the saying goes, "there are no free lunches in the world" yet here is an organisation that proposes to do just that for you. The story of a social initiative in Odisha that aims to encourage and motivate digital transformation of an entire nation.

Full Story >>

London [United Kingdom], Feb.24 (ANI): The third Indo-UK Thought Leadership Awards took place on February 22. Awards were presented to individuals from India and the UK who have been contributing to strengthening bilateral relations between India and the UK.

Full Story >>

New Delhi [India], Feb. 24 (ANI): Businesses in Mexico, China and India are increasingly turning to technology to power successful growth, reveals new global research by Epicor Software Corporation, a global provider of industry-specific enterprise software to promote business growth.

Full Story >>

New Delhi [India], Feb 24 (ANI-NewsVoir): MAX the country's largest International fashion brand, recently launched the third edition of MAX Design Awards. After receiving tremendous response from across, over the last two years, MAX is geared up for its third edition to provide a platform for fashion designing students to unleash their creativity and connect with the world of fashion.

Full Story >>

New Delhi [India], Feb 24 (ANI): Despite an increase in the job market in the first half of 2017, finding the right talent will prove difficult for recruiters due to an on-going talent crunch. This sentiment has emerged from Naukri's Hiring Outlook survey 2017 a half yearly survey conducted to gauge the hiring sentiment across companies and industries.

Full Story >>

New Delhi [India], Feb. 24 (ANI): Online fashion portal, Jabong, announced its exclusive partnership with the leading iconic headwear brand New Era, available for men, women and kids.

Full Story >>

New Delhi [India], Feb. 24 (ANI-NewsVoir): Three members from the Internet of Things group at Next Tech Lab, SRM University won the Industrial IoT-AR/VR Make-a-thon organised by the IESA Vision Summit 2017.

Full Story >>

New Delhi [India], Feb. 24 (ANI): Online holiday portal, Travkart.com, announced the hiring of financial advisory firm, Global CFO, which provides virtual CFO and fund-raising services to companies.

Full Story >>

New Delhi [India], Feb. 24 (ANI): Following the successful solar implementation at Cochin International Airport, Ganges Internationale Private Limited (GIPL), a multifaceted technology company, bagged its second project to install 11MW module mounting structures, thus enabling Cochin airport to be the world's first 'Green Airport'.

Full Story >>

New Delhi [India], Feb. 24 (ANI): India-based Software-as-a-Service (SaaS) player, Djubo, launched an app facilitating property management system for hotels, titled Djubo Cloud PMS.

Full Story >>

New Delhi [India], Feb.23 (ANI): The government, in consultation with the Reserve Bank of India(RBI), has decided to issue Sovereign Gold Bonds 2016-17-Series IV.

Full Story >>

New Delhi [India], Feb.23 (ANI): The Central Board of Excise and Customs (CBEC) has launched a mobile application for Goods and Services Tax (GST) to inform the taxpayers of the latest updates on GST among others.

Full Story >>

New Delhi [India], Feb 23 (ANI-NewsVoir): WittyFeed, world's second largest and India's largest viral content company has also emerged as 20th most visited websites in India surpassing the most major social networking sites Twitter and Instagram being the fastest and youngest company to attain this ranking. The latest Alexa ranking as on 22nd February shows as the 20th most visited website in India. This is an enormous achievement for the viral content website from tier II cities in India called Indore.

Full Story >>