Axis Bank has agreed to acquire mobile payments wallet provider FreeCharge from e-commerce company Snapdeal for Rs. 385 crore. The latest deal comes just a day after Snapdeal board approved Flipkart’s $900- $950 million buyout offer.
Continue reading “Axis Bank acquires mobile payment firm FreeCharge for Rs. 385 crore”
Paytm has signed a non-exclusive term sheet to acquire rival wallet player FreeCharge, according to a latest report from the Economic Times. The digital wallet company is said to buy FreeCharge in an all-cash deal from Snapdeal.
Continue reading “Paytm reportedly signs a deal to acquire rival FreeCharge”
Snapdeal has announced the appointment of Jason Kothari as the Chief Executive Officer of FreeCharge. The company is also investing $20 million in FreeCharge.
Continue reading “Snapdeal appoints Jason Kothari as FreeCharge CEO, invests $20 million”
Last week Paytm added the ability for Android users to buy Google Play recharge codes. Now, FreeCharge has rolled out the same feature for its mobile app and website.
Continue reading “Here’s how you can buy Google Play recharge codes from Paytm and FreeCharge”
Check out the new FoneArena Daily video that gives you a quick roundup of today’s technology news. Continue reading “Nikon D5600 announced in India, Gionee S9 coming next week and more – FoneArena Daily”
Snapdeal has launched Wallet on Delivery (WoD), which allow users to pay on delivery by using their FreeCharge wallet. Users can make payment for the item they have ordered after it is delivered.
Continue reading “Wallet on Delivery from Snapdeal and FreeCharge enables payment on delivery”
Freecharge digital payments platform has partnered with Axis Bank to launch Unified Payments Interface (UPI) enabled payment on its Android app. UPI will enable instant seamless transactions from a smartphone using a virtual payment address (VPA). Continue reading “Freecharge teams up with Axis bank to launch UPI Payments”
Freecharge, the digital wallet and payment platform in India, has introduced its new desktop app for Microsoft’s latest operating system Windows 10. The company claims that the unified Freecharge app on Windows can complete a transaction in just less-than-10 seconds and is designed to provide seamless experience across desktop, laptops and tablets. Freecharge will also be launching the Windows 10 app for smartphones next month. Continue reading “Freecharge launches Windows 10 app with Cortana support for making payments”
Freecharge has teamed up with WhatsApp to make it easier for users to send and receive money. The pay via chat feature would be available to Freecharge users in WhatApp’s accessibility settings.
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Snapdeal is said to be in talks with existing and new investors to raise about Rs 2,000 crore ( $300 million) for its digital services platform FreeCharge, according to a latest report.
Continue reading “Snapdeal is eyeing to secure Rs 2,000 Cr in funding for FreeCharge”
Snapdeal and FreeCharge together have launched a mobile wallet. Dubbed as FreeCharge Digital Wallet, it facilitates easy and secure payments via mobile.
Continue reading “Snapdeal rolls out FreeCharge Digital Wallet”
Snapdeal is reportedly looking to enter digital payments services to tap on the huge potential in this segment as well as to take on Paytm’s increasing popularity. Continue reading “Snapdeal with FreeCharge may set up Paytm-like electronic payment platform: Report”
Following acquisition rumors since last month, Snapdeal has officially scooped up popular mobile payment service FreeCharge. Both the companies did not disclose the financial details of the deal but one person familiar with the deal said the acquisition cost is $450 million paid through a mix of cash and equity.
Continue reading “Snapdeal acquires mobile recharge service FreeCharge”
Snapdeal is looking forward to buy online mobile recharge platform Freecharge, according to a report from The Economic Times. The deal is expected to be sealed at Rs 2,800 Cr ($450M).
Continue reading “Snapdeal eyeing Freecharge acquisition for Rs 2,800 Cr”
Freecharge has launched “speak to recharge” feature on its Windows Mobile App. The online recharge and couponing service is adding the ability for users to recharge their mobile phones, DTH connections with a voice command.
Continue reading “Freecharge introduces voice command recharge option on Windows Phone”
