Freecharge

Digital wallet firm FreeCharge today announced that food orders using FreeCharge have grown 12 times in the last 30 days since demonetization happened. Additionally, the company says that it has also added F&B outlets in over 110 cities since demonetization...

After increasing the limit on mobile wallet spends, RBI has now eased card payments by removing the two-factor authentication for online card transactions involving sums up to Rs 2,000. The move aims to simplify and encourage electronic payments adoption at...

Snapdeal, India’s largest online marketplace, revealed key trends from its on-going 2-day Unbox Cash-Free sale. This is the first e-commerce sale, post the demonetization announcement by the Government on November 8, 2016. The response to the sale indicates that users...

On November 8, Prime Minister Narendra Modi announced the replacement of 86 per cent of India’s cash by announcing demonetization Rs 500 and Rs 1,000 notes as a part of legal tender in India in a bid to cut corruption, counterfeit...

The Government's decision to withdraw Rs 1,000 and Rs 500 notes as legal tender has impacted the consumer life in a big way. As a result, instead of spending on luxuries, consumers today are spending cautiously on necessities. Reduced consumer...

Digital wallet companies on Wednesday welcomed the RBI's decision to increase the limits on mobile wallets spend to Rs 20,000 for users and to Rs 50,000 for merchant bank transfers in view of the cash crunch following demonetization of...

Snapdeal-owned mobile transactions platform Freecharge today announced that its recently launched 'Wallet on Delivery' option has been used for 100,000 Snapdeal deliveries, within the first week of its launch. The company said that this might be the start of a...

Within the first 24 hours of the announcement of demonetization, the wallet loads of Snapdeal-owned mobile transactions platform Freecharge grew 12 times and has been increasing by the same average since then. "Within the first 24 hours, wallet loads grew...

The landmark move by the Modi Government to demonetize high-value currency notes to stamp out black money is expected to mark a short-time dent in the income of the restaurateurs. Many restaurant owners have accepted that they are already witnessing...

The Government’s recent demonetization action has spurred the digital payments sector in a massive way with sellers reaching out to wallet companies in order to immediately sign up to start accepting digital payments. Owing to the surge in usage and...