After tying up over 1,00,000 merchants to accept payment with Freecharge, the company will be enabling the same number of taxis across India to go cashless. The company reached out to over 15,000 taxis in Bangalore, Delhi and Mumbai to accept payment through their mobile wallet. Over 90% of Freecharge transactions originate from the mobile app.
The entire process has been really simplified. Consumers can pay by scanning the QR code unique to each driver and complete the transaction quickly. Freecharge claims that consumers can pay in less than 10 seconds using their smartphone with a few taps leading to a seamless process with no worry or hassle about tendering exact change. After payment is done, the money gets credited to the driver’s wallet and they can choose to use it for bill payment, recharge, money transfer or sending money.
Freecharge is PCI DSS (Payment Card Industry Data Security Standard) compliant for information security letting users make prepaid, post-paid, DTH and Electricity bill payments for various utility service providers in addition to supporting many online and offline merchants.