UCO Bank has joined hands with FreeCharge to enable efficient recharge and bill payments for their consumers.
With this collaboration, PSUs can adapt digital innovation of online transactions to serve day to day tasks.
UCO bank enable FreeCharge to bring additional benefits like cashbacks to consumers, upto 10 percent instant cashback can be availed on every recharge and bill payment.
The users can also pay their bills online using FreeCharge online payments and online recharges.
The user will receive instant cashback as FreeCharge credits in their FreeCharge account by completing payment through UCO bank.
“UCO Bank is a trusted public sector bank and we are delighted to have partnered with them. The partnership will offer our consumers exciting benefits like cashbacks and easier accessibility from e-payments,” said Kunal Shah, CEO and co-founder, Freecharge.
“Our Bank will pursue profitable growth through responsible and responsive banking attuned to the demands of the time,” said Arun Kaul, chairman and managing director of UCO BANK.
While in April, State Bank of India (SBI) inked an initial seller financing agreement with e-commerce portal Snapdeal under which SBI offered credit to sellers registered on the e-commerce portal at easier interest rates.
In April, Snapdeal acquired FreeCharge or an undisclosed amount in a bid to boost its reach in the fast-growing mobile transactions business.