<div>Snapdeal on Tuesday launched the FreeCharge Digital Wallet for payment transactions in partnership with Yes Bank and Fino PayTech. The latter has recently received RBI approval to set up a Payments Bank.<br /><br />FreeCharge Digital Wallet will provide comprehensive and trusted digital wallet service to millions of FreeCharge and Snapdeal customers via mobile and web. <br /><br />Commenting on the launch, FreeCharge CEO and co-founder Kunal Shah said the company has hit an important milestone in its journey.<br /><br />“With this launch, we are all set to transform the way people make payments. A secure, easy to use and feature-rich service, the wallet is equipped with state-of-the-art technology and a robust partner network, making it a truly game-changing service that will bring value to consumers and our partners in the ecosystem,” he said. Snapdeal CEO and co-founder Kunal Bahl congratulated the Freecharge team and asked them to bring in efficiencies in payments using digital commerce to cater to every consumption need of users. <br /><br />With an ecosystem of 8.2 million daily unique users, four million monthly engaged hours, 15 million stored cards and a combined GMV of over $4 billion, the FreeCharge Digital Wallet is set to become India’s most used wallet in the next six months, he claimed.<br /><br />The Indian digital wallet scene is witnessing heightened competition with bigger players like Citi MasterPass and majors from India like Paytm.<br /><br />The FreeCharge Digital Wallet will go up against Paytm’s wallet, which has more than 50 million wallets. Paytm has already made it clear that it will touch the 100-million mark by the end of this year and revealed that around 75 million transactions are carried out every month. A digital wallet refers to an electronic device that allows an individual to make eCommerce transactions.<br /><br /></div>
<div>Snapdeal on Tuesday launched the FreeCharge Digital Wallet for payment transactions in partnership with Yes Bank and Fino PayTech. The latter has recently received RBI approval to set up a Payments Bank.<br /><br />FreeCharge Digital Wallet will provide comprehensive and trusted digital wallet service to millions of FreeCharge and Snapdeal customers via mobile and web. <br /><br />Commenting on the launch, FreeCharge CEO and co-founder Kunal Shah said the company has hit an important milestone in its journey.<br /><br />“With this launch, we are all set to transform the way people make payments. A secure, easy to use and feature-rich service, the wallet is equipped with state-of-the-art technology and a robust partner network, making it a truly game-changing service that will bring value to consumers and our partners in the ecosystem,” he said. Snapdeal CEO and co-founder Kunal Bahl congratulated the Freecharge team and asked them to bring in efficiencies in payments using digital commerce to cater to every consumption need of users. <br /><br />With an ecosystem of 8.2 million daily unique users, four million monthly engaged hours, 15 million stored cards and a combined GMV of over $4 billion, the FreeCharge Digital Wallet is set to become India’s most used wallet in the next six months, he claimed.<br /><br />The Indian digital wallet scene is witnessing heightened competition with bigger players like Citi MasterPass and majors from India like Paytm.<br /><br />The FreeCharge Digital Wallet will go up against Paytm’s wallet, which has more than 50 million wallets. Paytm has already made it clear that it will touch the 100-million mark by the end of this year and revealed that around 75 million transactions are carried out every month. A digital wallet refers to an electronic device that allows an individual to make eCommerce transactions.<br /><br /></div>
