Is FreeCharge app safe?

Author

James Holden

Published Mar 21, 2026

Is FreeCharge app safe?

Absolutely! All connections to FreeCharge through the browser and application are 128-bit encrypted. This simply means that all your transactional & personal card details added while doing your online recharge will always be safe & secure.

Hereof, is FreeCharge safe to use?

Absolutely! All connections to FreeCharge through the browser and application are 128-bit encrypted. This simply means that all your transactional & personal card details added while doing your online recharge will always be safe & secure.

Additionally, is FreeCharge a Chinese app? Freecharge, is an Indian digital marketplace for financial services based in Gurugram, Haryana, India.

Considering this, is free charge an Indian company?

FreeCharge, a wholly owned subsidiary of Axis Bank Limited, is India's No. 1 payments app.

Is FreeCharge a loss?

Digital payments platform FreeCharge narrowed its loss by 77 percent to Rs 81 crore in the financial year 2018. The company had posted a loss of Rs 355 crore during the fiscal year 2017, documents filed by the company with Registrar of Companies (RoC) show.

What happened to Freecharge?

Snapdeal was losing money and its cash reserves were depleting fast. It was at this point that Jasper InfoTech, the parent company of Snapdeal, sold digital payment app Freecharge to Axis Bank for $60 Mn in July 2017, thereby securing the much-required capital to sustain Snapdeal.

Who bought FreeCharge?

Axis Bank

Is PhonePe secure?

Fraud prevention initiatives at PhonePe

The PhonePe is constantly working on making your transaction experience highly secure and safe. They use a mix of cutting-edge technology and strong risk and fraud processes to keep fraudsters at bay.

How does FreeCharge earn money?

Freecharge generates its revenues from their tie-ups with telecom service providers. Because they are removing the retailers and scratch-cards; telecom companies can offer them more commissions. Referring to multiple sources, it looks like the company had about 2-3% of net commissions of the total transaction value.

What is the use of Freecharge?

You can use the FreeCharge wallet to pay bills, recharge your mobile phone, and purchase goods on Snapdeal, book movies on BookMyShow, and tickets on IRCTC, among others. But along with this, the FreeCharge wallet can also be used to transfer money to other users, bank accounts, and to NGOs.

What is Freecharge account?

Freecharge is one of India's leading payments app. Consumers can use it for making postpaid, prepaid, metro recharge, DTH and other utility payments across the country. Making a Freecharge account is the best solution for making instant and quick payments.

Is MobiKwik Chinese app?

The government had banned 43 Chinese apps that were detrimental to national security on 24 November 2020. MobiKwik, an Indian fintech platform known for its digital wallet offering has tried to hit two stones with one tweet that read, “220 Chinese Apps banned.

Why Freecharge is not working?

clear cache of the app and try to login again and proceed for a recharge. r u trying to recharge from a/c having freecharge credits.

Is Paytm a Chinese company?

Paytm Chinese link

Though the company is completely Indian, PayTM lists Ant Financial, a Chinese bigwig, as its major investor. For those unaware, Ant Financial is an affiliate company of the Chinese Alibaba Group and enjoys a position as the world's highest-valued FinTech company, with a valuation of $150 billion.

Which company owns Phonepe?

Flipkart

How does Paytm earn money?

Paytm makes commissions from the customer transactions through their usage of its platform. Escrow Accounts – escrow accounts from where it generates its revenue. Owing to the absence of its underlying capital, it offers customers no interest. As of 2018, Paytm has accumulated 3,314.8 crore INR in revenue.

How much did Kunal Shah made from FreeCharge?

Founders earned: In the year 2015, Kunal Shah's net worth was reported to be at $1.3 billion assuming most of it coming from the Freecharge.com sale to Snapdeal for a whopping $400 million.

Who is the owner of cred?

Kunal Shah

What is free charge in chemistry?

A free charge is not bound to the nucleus and can have any energy from zero. Further, the energy possessed by it is always kinetic in nature. A bound charge, on the other hand, is bound to the nucleus and can have only quantized energies.

Is MobiKwik safe?

You will be pleased to know that MobiKwik has been certified as a top security wallet by international standards such as PCI DSS, ISO 27001 & follow RBI Regulations. We are sharing some top security tips which will ensure your MobiKwik wallet is the strongest vault in the world.

How can I get refund from Freecharge?

Refund is automatically initiated from our systems on the same day.
Refund will reflect in your account within 5-7 working days, depending upon the time taken by the bank to process it.

Is snapdeal an Indian company?

Snapdeal is one of India's leading e-commerce companies with its headquarters located in New Delhi. Snapdeal was launched in 2010, a time when the e-commerce market in India was at a nascent stage. The company was co-founded by Kunal Bahl and Rohit Bansal.

How much of Paytm is owned by China?

In March 2015, Paytm received its huge stake from Chinese e-commerce company Alibaba Group, after Ant Financial Services Group, an Alibaba Group affiliate, took 40% stock in Paytm as part of a strategic agreement. Soon after, it received backing from Ratan Tata, the MD of Tata Sons.

How can I reactivate my FreeCharge wallet without PAN card?

How to Reactivate your Freecharge Wallet?

Please go to Accounts Screen, you will see “Wallet Status” as Inactive.
Tap on “Wallet Status” tile or “Reactivate Wallet” button to procced.
You will be asked to enter PAN and/or Name on PAN for verification.
Enter OTP received on your Register Mobile Number.

How can I delete my Freecharge account?

So for disabling or deleting your Freecharge account, you have to contact the customer care (Support) of Freecharge.in. The email id of Freecharge customer care is care@freecharge.in. So just send an email to them and in that email ask them to delete your Freecharge account.

Is Kunal Shah married?

He got married to Bhavna Shah who is a freelance Graphic Designer.

When was cred started?

Credit card payments app Cred has been creating buzz ever since it launched in November 2018. The Kunal Shah-led startup raised one of the largest Series A rounds ever by an Indian startup.

Who started snapdeal?

Kunal Bahl

Rohit Bansal

How did snapdeal fail?

Snapdeal also couldn't leverage on the high-margin, fast-growing fashion segment as it couldn't offer the level of product assortment and quality offered by market leaders Flipkart (along with Myntra and Jabong) and Amazon. The report also cited Snapdeal's numerous pivots as a major reason for its failures.

What happened to snapdeal?

In early 2017, Snapdeal started laying off employees as Softbank tried to orchestrate a merger between Snapdeal and Flipkart, the market leader. But after 6-7 months of negotiations, the deal fell through, but Softbank went ahead and invested $2.5 billion in Flipkart, which was its largest cheque in India till then.

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