Freecharge Company Research Report
Company Overview
- Name: Freecharge Payment Technologies Pvt. Ltd.
- Mission: To provide fast, simple, and secure financial services through digital mediums.
- Founded: 2010
- Founder: No information is available
- Key People:
- Mohit Jain - Director, Member Board
- Sumit Bhatnagar - Chief Executive Officer
- Anil Kumar Singh - Chief Business Officer - Merchant
- Raghav Garg - HR & Administration Head
- Parag Madhukar Chopde - Chief Risk Officer
- Prasenjit Saha - Chief Financial Officer
- Nitin Jain - Head- Payment Business
- Suparna Bhandari - Head- Growth, Marketing & Consumer Payments
- Headquarters: Gurugram, Haryana, India
- Number of Employees: 501-1,000 employees
- Revenue: No information is available
- Known For: Freecharge is a prominent payment app serving over 100 million users in India, renowned for offering seamless UPI payments, utility bill payments, mobile/DTH recharges, and more as a 100% subsidiary of Axis Bank.
Products
Digital Financial Services
- Description: Aimed at smart financial decision-making via investment and lending products.
- Key Features: Includes Digital Gold, Mutual Funds, Credit Cards, Deposit & more.
Digital Payments
- Description: Provides seamless payment solutions for utilities and other expenses.
- Key Features: Encompasses payments via UPI, Debit/Credit Cards, and digital wallets.
Freecharge Merchant Services
- Description: A one-stop solution enabling merchants to manage payments, avail financial products, and boost their business.
- Key Features:
- Accept payments via interoperable QR code
- Merchant Cash Advance loans with zero collateral
- Manage customer records using Khata
- Track transactions and settlements
Personal Loan
- Description: Instantly available digital loans.
- Key Features: Up to Rs.5 Lakhs, instant disbursement, 100% digital process.
Credit Card Services
- Description: Offers Axis Bank Freecharge Plus Credit Card.
- Key Features: Unlimited cashback, zero joining fee, annual fee waiver on high spends.
Payment Gateway
- Description: Collection of payments made easy for businesses.
- Key Features: High success rate, comprehensive reports, over 100 payment channels supported.
Recent Developments
- New Products/Features: Freecharge has constantly introduced new products to support small and midsize retailers across payments and lending. The Merchant Cash Advance is a notable addition.
- Partnerships: No specific partnerships mentioned.
Conclusion
Freecharge continues to innovate in the fintech space in India, leveraging its infrastructure to provide secure, seamless, and comprehensive payment solutions, driven significantly by its integration and support from Axis Bank.
Please Note: Some data in this report may not be available and thus are marked as such.
