FreeCharge, Indian digital payments platform, today announced its partnership with Hyderabad based payment solution provider Paynear. The partnership will extend FreeCharge’s acceptance to another 15,000 merchants across 22 states in India.
All 15,000 small scale merchants and individual shop owners using Paynear solutions can now accept payments using FreeCharge. With this association, many more outlets across India covering categories like retail, hospitality, food & beverage, pharma, health and beauty and many other business verticals will now accept FreeCharge.
Paynear provides mPOS solution to small scale merchants – grocery shops, pharmacy etc through an mPOS reader to the merchant and an mPay app. Using the same, merchants can accept payments using wallets, DC/CC and in EMI.
With the arrangement with FreeCharge, customers can use their mobile phones to make payments and complete the transaction with a secure On-The-Go-Pin in less than 10 seconds. The advantage of On-the-go pin is that payment can be made using FreeCharge even in absence of internet and telecom connectivity.
FreeCharge already has a huge merchant base including leading retail chains like McDonalds, Barista, Café Coffee Day, Hypercity, Vishal Megamart, Pantaloons, Shoppers stop etc. Additionally, several smaller merchants including grocery stores, pharmacies, kirana stores accept payment using FreeCharge. The partnership with Paynear will fuel the growth of these smaller merchants which form the backbone of Indian retail sector.
Commenting on the partnership, Sudeep Tandon, Chief Business Officer, Freecharge, said, “The partnership will help FreeCharge in reaching out to SMEs and individual businesses and strengthening its presence further in the retail domain. We are pleased to partner with Paynear and hope to offer a better shopping experience to their customers through our innovations and solutions.”
Commenting on the partnership, Priti Shah, Chief Executive Officer, PAYNEAR, said, “We are elated to partner with FreeCharge to enable all our merchants with their services on our Omni-Channel platform and will enable FreeCharge on both our online and offline merchants. With this facility all our present and future merchants would enjoy a seamless, cashless experience while accepting FreeCharge.”