Sunday, February 28, 2016

FreeCharge teamed up with MasterCard & Yes Bank to launch Virtual Card

In collaboration with Yes Bank and MasterCard, the wallet company FreeCharge launched a “FreeCharge Go”, a virtual card that allows users to pay for goods and services at online shops and offline retailers.
  • This new virtual card would enable users to use money in their digital walletson any merchant site that accepts cards.
  • Currently, FreeCharge Go can be used to transact at certain offline stores such as McDonald’s and Shoppers Stop.
In 2015, FreeCharge was acquired by e-commerce giant Snapdeal while in In Dec 2015, its rival Paytm launched prepaid cards in partnership with ICICI Bank.

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