Tag "freecharge"

Axis Bank completes FreeCharge acquisition; Sangram Singh is the new CEO

By : CIOL Writers

Axis Bank has completed the acquisition of mobile wallet firm FreeCharge and appointed Sangram Singh as its CEO. “Pursuant to the receipt of approval for the said transaction from the Reserve Bank of India, the bank has completed the acquisition

Axis Bank acquires FreeCharge for Rs 385cr

By : CIOL Writers

FreeCharge finally has a buyer– Axis Bank. Axis Bank’s board has entered into a share purchase agreement with Jaspers Infotech Private Limited which runs Snapdeal to buy 100 percent stake in its payments subsidiary Freecharge in an all cash deal worth Rs

Amazon joins the fray with $70-$80mn bid to acquire FreeCharge

By : CIOL Writers

Joining the long list of potential buyers like Axis Bank, MobiKwik, Paytm, Bank of Baroda and Times Internet who have shown interest in buying FreeCharge, Amazon too has joined the fray with a $70-$80mn bid to acquire mobile wallet firm, according

Axis Bank in talks to acquire FreeCharge: Report

By : CIOL Writers

Private sector bank, Axis Bank is reportedly in talks to acquire mobile wallet firm FreeCharge, according to an Economic Times report. Citing three persons in the know of things, the report says that the deal could fetch $100 million for parent company

Paytm reportedly to buy FreeCharge at 80pc discount

By : CIOL Writers

Snapdeal may have finally found a buyer for its payments solution arm, FreeCharge. Paytm has signed a ‘non-exclusive agreement’ to acquire FreeCharge in an all-cash deal, reports Economic Times. Citing people in the know of the things, the report said that Alibaba-backed

Amazon India gets digital wallet licence; to take on Paytm and Flipkart’s PhonePe

By : CIOL Writers

Online marketplace Amazon India has been granted licence from the Reserve Bank of India (RBI) to operate a prepaid payment instrument (PPI), becoming the latest entrant into the country’s growing FinTech segment. “We are pleased to receive our PPI license from

SoftBank to sell Freecharge at 50pc discount for $200mn: Report

By : CIOL Writers

SoftBank-backed digital wallet Freecharge could soon be sold for as low as $150-200 million, reports Economic Times. This value is merely 50 percent of what FreeCharge is worth. Reportedly, Alibaba-owned Paytm is one of the frontrunners to buy the mobile wallet platform owned

Snapdeal’s Jason Kothari takes additional role as FreeCharge CEO

Snapdeal announced the appointment of Jason Kothari as the Chief Executive Officer of FreeCharge and a commitment to invest an additional $20 million in the Company. In addition to taking on the role of the CEO, Jason will continue his

FreeCharge CEO Govind Rajan calls it quits, Jason Kothari to oversee business ops

By : CIOL Writers

Freecharge CEO Govind Rajan has resigned from the company, according to an Economics Times report. Rajan took the reins of Jasper Infotech-owned digital payments platform in May 2016, and his resignation has already been accepted by the Jasper Infotech leadership.

Freecharge partners Tonetag to provide sound-based digital payment services

By : CIOL Writers

Freecharge, a digital wallet company, has collaborated with Tonetag to provide a new sound-based digital payment method. Using sound waves digital payment method, users can make payments at nearly 62 outlets of Trust Pharmacy, mall parking, NICE toll plaza and

FreeCharge aims to reach 6mn users with direct integration within Indus OS

By : CIOL Writers

Garnering over 6 million users, IndusOS is the second most popular mobile operating system in India now. In a bid to leverage such a huge user base, digital payment solution provider Freecharge is partnering with IndusOS to offer a seamless

Jasper Infotech invests Rs 390cr in FreeCharge

By : CIOL Writers

Jasper Infotech that also owns and operates online marketplace Snapdeal has invested around Rs 390 crore ($57 million) into FreeCharge, according to a report in The Economic Times quoting a filing submitted to the Registrar of Companies (RoC) in the

Samsung Pay reportedly to launch in India in 2017

By : CIOL Writers

Demonetization of high currency notes has led to windfall gains for mobile wallet companies like Paytm, Mobikwik, Freecharge etc and to join the party, Samsung too could soon launch its Samsung Pay wallet services in India. As per the latest

PayU to launch two new services: Consumer credit and digital banking

By : CIOL Writers

Digital payments companies are having a golden run since PM Narendra Modi announced demonetization of high currency notes giving a major push towards a digital economy. So after a host of new services and initiatives from Paytm, Mobikwik, Freecharge etc,

Razorpay launches eCOD to replace cash-on-delivery

By : CIOL Writers

Online payments platform, Razorpay has launched eCOD, to help e-commerce companies accept payments at the time of delivery using payment methods other than cash post the demonetization of high currency notes. As many online marketplaces are witnessing the loss of

Snapdeal allays cash crunch concerns of buyers with new FreeCharge pay on delivery feature

NEW DELHI, INDIA: Snapdeal announced a Wallet on Delivery (WoD) feature, which will allow users to pay on delivery by using their FreeCharge wallet. The launch of Wallet on Delivery is a quick and effective solution to all user concerns about Cash on Delivery