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PhonePe inks pact with rival FreeCharge

Press Trust of India  |  New Delhi 

Flipkart's payments arm today said it has partnered mobile wallet company to allow the latter's customers pay for transactions at PhonePe's partner merchants. According to the deal terms, has now enabled its over 45 million users to link their existing wallets to the app, said in a statement. Once linked, customers will be able to spend their wallet balance at all online and offline merchant outlets that accept payments via PhonePe, it added. "This is in line with our vision of making India's first truly open payments platform, where customers can use any and all payment instruments of their choice," Head Products and Strategic Partnerships said. To pay via on PhonePe, customers can link from 'My Account-Other Wallets' section, following which they they can pay using or wallet balance. As part of the partnership, customers will be able to recharge and pay bills as well as make payments for over 60,000 online and offline merchants including MakeMyTrip, PVR, Cleartrip, 1mg, FreshMenu, Caf Coffee Day, Apollo Pharmacy, KFC, Barista, Spencers and etc. Last year, Flipkart's rival had agreed to sell its -- -- to Axis Bank in a Rs 385 crore deal.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, January 09 2018. 16:30 IST
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