FreeCharge, India's leading online platform for recharge and utility payments announced its partnership with UCO Bank as 'alliance partners' to enable efficient recharge and bill payments for their consumers. This first public sector bank tie-up with FreeCharge empowers PSUs to adapt digital innovation of online transactions serving all the mundane tasks.

Besides the reward coupons, now FreeCharge with the support of UCO bank brings additional benefits like cashbacks to consumers, upto 10% instant cashback can be availed on every recharge and bill payment.

Kunal Shah, CEO and co-founder, Freecharge said, ''FreeCharge is committed towards developing the most impactful digital utility payment ecosystem and in line to this vision; partnership with UCO bank will play a crucial role.''

On the partnership,  Arun Kaul, chairman and managing director of UCO Bank stated, ''Our bank will pursue profitable growth through responsible and responsive banking attuned to the demands of the time.''

Shares of the bank gained Rs 0.2, or 0.45%, to settle at Rs 44.30. The total volume of shares traded was 921,545 at the BSE (Tuesday).