Taku said the company is in talks to partner with a bank and a card company to bring out the MobiKwik cards, but did not reveal the names.

Freecharge could be valued at $700 million-$1 billion, making it one of the most richly-valued companies in the Indian startup ecosystem.

In its recent round of funding in May, MobiKwik had raised $ 50 million led by Japan’s payment gateway GMO and Taiwan based semi-conductor ...