Freecharge

In a Q&A, the company's CEO dwells on the huge opportunity the payments business provides in India and why there is a sudden rush to acquire an aggregator licence

As NPCI seeks to integrate digital wallets on the UPI platform is expected to be positive for Paytm, which has a 60 per cent share in wallets

Private sector lender Axis Bank on Wednesday said government mandates on the payments space ensure that no one can make money in the segment. The bank's chief executive and managing director Amitabh Chaudhry feared that smaller entities will not be able to survive amid such diktats. The comments from Axis Bank, which also runs the payments company Freecharge, come amid a debate on whether merchant discount rate (MDR) should be levied on the very popular UPI platform. The government, which wants to popularise digital payments, has been insisting that no charges should be levied. "What the government is doing is that they're taking out the entire P&L (profit and loss) opportunity for us. So if you look at the payments space, no one can make any money in the country at all. You have to use payments as a platform to make money somewhere else," Chaudhry said at the Global Fintech Fest here. The worry is that more and more of such demands will emerge, which will take away revenue and ...

From running side businesses to support his family to now running a billion-dollar business, CRED founder Kunal Shah has come a long way

Existing investor, billionaire Yuri Milner's fund DST Global leads round, along with Sequoia Capital, Tiger Global, and others. Existing and past employees liquidate ESOPs worth Rs 9 cr

Company backed by Sequoia Capital helps credit card users earn rewards for paying their bills

Once India's second largest wallet firm, Freecharge is valued at 10% of what Snapdeal paid for it

New entity is likely to get a top-up of $200 million from a Chinese investor

Just two days after taking over as the CEO of digital payments firm Freecharge, Jason Kothari has elevated Ankit Khanna to the position of Chief Operating Officer, as he looks to turnaround the failing fortunes of a company that has failed to keep pace with rival Paytm.Khanna, a Snapdeal veteran who joined the e-commerce company back in 2010 served as the Chief Product Officer of Freecharge prior to being promoted. The top management rejig at Freecharge comes after Govind Rajan quit the company from the position of CEO in February."We are proud to announce Ankit's elevation as the COO of FreeCharge," said Kothari. "He (Khanna) has also helped build highly complex and scalable products encompassing various aspects of e-commerce and digital payments ecosystem and helped build a frictionless user experience."Apart from serving as COO, Khanna will also handle the portfolio of Product, User Growth, User Experience and Business Development at Freecharge.Freecharge is currently seen as ...

Snapdeal has been struggling to raise fresh funds to sustain the business in the long run

Govind Rajan has resigned within a year of taking charge at the Snapdeal subsidiary: Tech in Asia

To invest through FreeCharge, all a KYC compliant customer needs to do is enter his PAN number

FreeCharge claims to be the fastest growing in the segment over the past 12 months

While losses fell 12.7% in the present FY compared to previous year, revenue growth stood at 2.9%

FreeCharge is aiming to double the count by end of the month and cover all the 53,000 petrol pumps

Faasos serves over 15,000 daily customers across 130+ locations

Users can avail 25% cashback offer on selecting FreeCharge as the payment mode

Underlying wallet balance of all customers will be insured up to a limit of Rs 20,000

Paynear provides mPOS solution to small-scale merchants - grocery shops, pharmacy etc

Mumbai traffic police said that it expects an annual increase of eight lakh challans, from the existing 22 lakhs