Digital payment platform Freecharge on Tuesday announced appointment of Govind Rajan as the chief executive officer (CEO) of the company. Rajan had joined Freecharge in August 2015 and is currently the chief operating officer.
CEO and co-founder Kunal Shah has been elevated to chairman's position. In April 2015, Snapdeal had acquired Freecharge in the biggest deal that the e-commerce sector has seen in India. A news that Snapdeal's Chief Product Officer Anand Chandrasekaran exited from the company, came out hours before the Freecharge announcement.
In October 2015, within five months of the acquisition by Snapdeal, Freecharge launched its wallet. "Govind has led with great insight and initiative. His understanding of the payments industry and its future trends is equally matched by his discipline and ability to get things done," Shah said
Since the launch of the wallet, Freecharge has built its entire proposition towards payments and ease of use, with its under 10-second payment time and a 99 per cent success rate.
