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Freecharge currently has over 1,00,000 merchants on its platform and is looking to jack it up to five million in the next 18 months. The number of merchants signing up with the system has also jumped in recent months. This may be one of the reasons why the company has seen a steady increase in daily transactions from consumers which currently stand at a million a day. Freecharge is the only player in this space who has a patent for this solution," he adds. "It solves both consumer frictions since they can place their order quicker as well as merchant pain point which is serving as many customers in the least possible amount of time. We then introduced an innovative solution with On-The-Go-Pin where no OTP or even connectivity is required on phones," says Tandon. Tandon illustrates this with an example,"One of our partners McDonald's had approached us with the problem of long lines forming during lunch hours as people waited for OTP-based confirmation on their devices as they make their payment. Elaborates Chief Business Officer at Freecharge, Sudeep Tandon, "We have deftly been able to introduce solutions that impact both consumers and merchants, bringing in colossal changes in the way transactions are being conducted online," he says. But the company has managed to set itself apart from competition with its increased focus on not just consumer problems, but merchant issues as well. Founded in 2010, Freecharge is among a growing coterie of companies fueling the wave of fintech in India.
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#Ewallet go export series
Worse yet, when credit cards carelessly left back home, also don't offer any refuge.įortunately, quite a few companies today may just be banking on our imperfections or rather simply working to make our lives more than just a disturbing series of events. Embarrassing notwithstanding, a deja vu moment is bound to follow sooner or later. The best of us have encountered situations where lack of cash in the wallet triggered a frantic combing of surrounding areas for that elusive ATM.