Freecharge to make 1 lakh taxis to go cashless by the end of 2016 - MYREALITY.In, Real Estate, Share Market, Mutual Fund, Insurance
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Tuesday, July 05, 2016

Freecharge to make 1 lakh taxis to go cashless by the end of 2016


Freecharge to make 1,00,000 taxis to go cashless by the end of 2016

Freecharge in its journey to make wallet ubiquitous in consumers daily lives will enable 1,00,000 taxis across India to go cashless with Freecharge wallet. The company has bombarded over 15,000 taxi drivers in Delhi, Mumbai and Bangalore to accept payment using their phone in an easy and secure manner in 60 days. Customers can pay by scanning the QR code unique to individual taxi drivers and complete the transaction in just one tap.

Consumers and drivers both find paying and receiving money for daily commute creating friction and leading to not so pleasant experiences. Consumers now will not have to worry about tendering exact change. Freecharge lets consumers pay in less than 10 seconds using their phone and drivers can easily accept the payment digitally leading  to seamless and frictionless payment process.

Commenting on this initiative, Sudeep Tandon, Chief Business Officer, Freecharge said, Today's consumers demand convenience and we are targeting sectors both in online and offline space which will influence the daily payment habit and shift them from cash to digital payments. We have dedicated teams in these three cities who are focused on providing training and helping drivers to register on Freecharge as a merchant. We aim to get 1, 00,000 taxis in the country to go cashless by the end of 2016 by offering a frictionless payment proceess and help them be part of digital payments ecosystem.

Freecharges superior user interface and a secure network are allowing drivers to use the app with ease and convenience. Once the payment is done by the customer, the money gets credited to their wallet. 


The driver can then chose to use the money for bill payments, recharges, transfer the money to their bank account or send money to friends and family using the wallet. With each initiative, Freecharge is contributing to making India a less cash economy.

About Freecharge:

Freecharge is Indias fastest growing digital payments platform. Consumers across the country use Freecharge to make prepaid, post-paid, DTH and Electricity bill payments for numerous utility service providers in addition to leading online and offline merchants. Freecharge is PCI DSS compliant for information security and is at the forefront of the mobile commerce revolution with over 90 per cent of transactions originating from mobile. Freecharge Go, the virtual card was launched in January 2016, making Freecharge wallet the universally accepted wallet in India.


Freecharge to make 1 lakh taxis to go cashless by the end of 2016 Reviewed by S. Chitra on July 05, 2016 Rating: 5 Freecharge to make 1,00,000 taxis to go cashless by the end of 2016 Freecharge in its journey to make wallet ubiquitous in consumer ’...

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