PhonePe strikes a strategic partnership with FreeCharge
We recently entered into a strategic alliance with FreeCharge a leading wallet player. As a part of the partnership, we have now enabled over 45Mn users to link their existing FreeCharge Wallets on our app. Once linked, our customers will be able to spend their Freecharge wallet balance at all online and offline merchant outlets that accept the PhonePe payments container.
Commenting on the partnership, Hemant Gala our Head Banking Products & Strategic Partnerships said, “We are delighted to partner with FreeCharge and offer our customers the option of using their Freecharge wallet inside our app. This is in line with our vision of making PhonePe India’s first truly open payments platform, where customers can use any and all payment instruments of their choice.”
In order to pay via FreeCharge on PhonePe, customers can link FreeCharge from ‘My Account>Other Wallets’ section. FreeCharge will show up on the customers’ and merchants’ app at the PhonePe payment path. Customers can choose to use their FreeCharge balance along with the PhonePe wallet balance/other instruments for payments.
Sangram Singh, CEO, FreeCharge said, “We are excited by this partnership which enables FreeCharge customers to shop at various offline and online partners that PhonePe has tied up with, especially at popular online shopping destinations such as Flipkart, Myntra, eBay and Jabong. This will help further the use of digital payments and provide more options to our customers.”
FreeCharge customers will also be able to recharge and pay bills and shop at various offline and online stores that we have tied up with. We are currently live across more than 60 thousand online and offline merchants including MakeMyTrip, PVR, Cleartrip, 1mg, FreshMenu, Faasos and Abhibus and most national offline chains like Café Coffee Day, Apollo Pharmacy, KFC, Barista, Spencer’s, FoodWorld etc.
