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FreeCharge launches e-wallet protection plan up to Rs 20,000

freecharge e-wallet protection

The Digital Payments Platform FreeCharge has announced that it will provide free insurance on wallet balance. The company launched India’s first e-wallet protection for its user’s up to Rs 20,000 on their wallets.

Users can avail this e-wallet protection in case of loss or theft of their mobiles. The Snapdeal-owned company partnered with the Reliance General Insurance to provide free insurance on wallet balance for it users.

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In a case of theft or loss of mobiles, individuals have to file a FIR within 24 hours in the nearest police station. And also report the same to the FreeCharge via email or by calling to customer care immediately.

“With this move, FreeCharge takes another step in proactively addressing consumer concern around the usage and security of e-wallets, safeguarding the money of the customer in the event of theft or loss of his/her phone,” said the company.

FreeCharge is a convenient, faster and more efficient way and much safer than cash. This is another step for the digital revolution in terms of security and cashless transactions. Under this e-wallet protection, users can avail insurance up to Rs 20,000 as long as the customer transacting at least once a month.

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Commenting on the launch of the security plan, Govind Rajan, Chief Executive Officer of FreeCharge said, “Over the course of operations, we have realised that consumer perception of wallet safety. It is critical to driving both adoption and retention of our customers and hence we are offering this plan to our users free of cost.”

Through the e-wallet protection, the company ensures that it is the way to help less cash India with more protection plans.

Freecharge App Paired with Jet Airways for Cashless Ticketing

Freecharge App Paired with Jet Airways

FreeCharge is now partnered with Jet Airways for a secure and convenient payment solution to travelers. FreeCharge wallet now allows its Customers to book their flights and extras on www.jetairways.com and pay for their ticket through the app.

India’s premier international airline service Jet Airways operates flights to 67 destinations which include domestic and overseas travel. Further than India, Jet Airways also offers service to the main international destinations in South Asia, South East Asia, North America and the Middle East.

The FreeCharge app enables its users to book train tickets, meals, and accommodation through irctc.co.in. It does offer bus rides to other cities through redBus.in, BusIndia.com and Mybustickets.in.

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Many taxi services like Meru Cabs, Khali Peeli Taxis in Mumbai accept FreeCharge for daily commute within cities. Apart from that, FreeCharge also serves thousands of local cabs across the main cities in India. FreeCharge app also provides bookings facility at all Oyo Rooms properties across India at oyorooms.com and their app.

“Digital payments make the process faster and more efficient. Such partnerships are in line with our objective to make FreeCharge an every day, everywhere option for our users,” says, FreeCharge CEO Govind Rajan.

Recently, the Digital payment platform has also partnered with Mumbai Traffic Police for collecting traffic fines using FreeCharge wallet service. This move assumes the scarcity of valid currency notes doesn’t affect traffic fines.

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Smaller cities like Ahmedabad alone collect over Rs. 17 crores annually in the form of traffic fines. Besides, FreeCharge has also partnered with Andhra Pradesh to be part of the ‘AP Purse’ initiative by the state government. Andhra Pradesh government’s ‘AP Purse’ helps consumers to make efficient and convenient use of digital payments including mobile wallets.