The major online recharge companies of India claimed in November 2016 that they saw 35 million mobile and DTH recharge transactions post demonetization move of Central Government. Moreover, they claimed that more than 70 percent DTH and mobile recharge is done in India are now being conducted online.
All the online recharge companies witnessed a surge in their business after demonetization. After demonetization, more emphasis was laid on the cashless economy. So, people all across the country started trying online recharge for the first time.
From a single account, one person would recharge hundreds of mobiles and DTH connections. This way online recharge business witnessed a boom in India.
The top 3 online recharge business in India are as follows:
As far as the online recharge business in India is concerned, Paytym is one of the most successful companies in India. The company witnessed a boom in business after demonetization. The company CEO claimed that the millions of mobile and DTH recharge transactions were done in India through Paytym after the demonetization. Its services include pay through money, online mobile recharge, electricity bills, DTH Recharge, Gas bills, Landline bills, and Bus tickets etc.
Rechargeinsta is second most popular names in the online recharge business in India. It offers a user- friendly prepaid mobile recharge service for consumers. Now any mobile user can recharge mobile or DTH from the comfort of their home/office with the help of 24×7. This company also provides retailer and distributor facilities and Single SIM Multi Recharge services. In addition, it offers attractive offers to DTH and mobile operators.
Freecharge is one more popular name in the online mobile recharge companies in India. It is an online platform for bill payments and recharge. It is a platform to recharge prepaid and postpaid mobile connections and DTH.
Following are some easy tips to start online recharge portal/company in India:
- First of all register your company or a web portal. You can register under private limited company or avail other options.
- Then prepare the necessary legal documentation regarding your recharge web portal. Legal documentation is necessary to avoid troubles in the future.
- Then book a domain, web developer and hosting. You can book a domain on Godaddy& Hosting.
- And now book API & Payment Gateway. Website Development Company will book API and Payment Gateway itself but if you are availing services of then you need to buy it from third parties.
Sum and substance
Like the other online recharge company in India, you can also start your own business. It is easy to start an online recharge portal because it doesn’t require too much of man power or a sophisticated office. You just have to fulfill the registration formalities and start your own online recharge business.