Mobile Payments - Go Cashless

Digital wallets have made cashless transactions extremely convenient and hassle free. As a result, more and more people are adopting the digital wallet system for accepting and making payments. After demonetization, even the small street vendors like fruit and vegetable sellers have started using digital wallets like Paytm and MobiKwik. However, what we often ponder over is how exactly do the digital wallet companies earn, especially when they are offering up to 50% to 100% cashback. Lets get a little deep and understand the revenue model of the digital wallet companies. The business modelMost of the leading digital wallet companies primarily work on set business models, i.e. the recharge business, bill payments, digital wallets, and the E-commerce business. Nearly every digital wallet company started off by providing recharge services first, eventually expanding to offer bill payments, digital wallets, and finally E-commerce businesses. For every recharge done through the digital walle

FreeCharge is one of the biggest and most used mobile wallets across the country, especially after the demonetization move by the government. FreeCharge wallet can not only be used to pay bills, recharge DTH connections, metrocards, and mobile phones, but also to shop online. In addition to these services, you can also transfer money from FreeCharge Wallet to bank account. FreeCharge is accessible through all smartphones as it supports iOS, Android, and Windows. How to transfer money from FreeCharge wallet to bank account You can either transfer money from the mobile app or the website. Follow the steps below for a detailed process for both the above ways. Transfer money via mobile appOpen FreeCharge app in your mobile and click on Account Tap on the My Account Details The available balance flashes under your name and email ID Tap on the balance in your wallet Click on Withdraw and choose the bank account you wish to transfer the money to Once selected the bank, hit Withdraw The mo

FreeCharge is a payment app used to make bill payments, recharge DTH connections, and even metrocards for the various services providers. The online wallet by FreeCharge was launched in 2015 and is extremely easy to use for online shopping as well. You can add money to the FreeCharge Wallet and use it anywhere and anytime. The payment process is safe and secure and offers instant recharge options. Below mentioned is a step-by-step guide to adding money to your FreeCharge wallet. How to create a FreeCharge accountTo get started, you first need to create a FreeCharge: Go to the FreeCharge homepage Click on Sign up and add the required details Once you register your mobile number with FreeCharge, you will receive a one-time verification code on your number Enter this code in the field and click on Sign up Your FreeCharge account will now get activated You can create a FreeCharge account even while making payments. After you have filled in the required details of the payment, you are direc