Freecharge wallet jumps 12x after discontinuity of 500 and 1000 INR notes announced

The sudden announcement made by Prime Minister Narendra Modi, that the notes of 500 and 1000 INR will be of zero value past  the midnight of November 9, 2016 has made the Freecharge wallet swell to 12 times.

Since the announcement of news Freecharge wallet users have started transferring amounts to their wallet to avoid the upcoming inconveniences.
Freecharge user can continue their daily transactions without any cash related interruption.
Govind Rajan, CEO, Freecharge, said, "Freecharge has been on a mission to Make India Cashless. The announcement made by the Honorable Prime Minister yesterday is the biggest boost to creating a cashless India. We are thrilled that crores of Freecharge customers will be able to continue paying conveniently and securely for all their utilities and at leading merchants in India. The 12x surge we have witnessed is unprecedented and clearly driven by this big announcement."
Freecharge wallets are used extensively by users to conveniently pay for utilities like cab rides, metro, phone recharges, electricity, gas, petrol, DTH and lots more. Since Freecharge is also used at over 100,000 online and offline merchants like Snapdeal, Bookmyshow, Swiggy, Zomato, Shoppers Stop, McDonald's, Cafe Coffee Day and others, Freecharge user can continue their daily transactions without any cash related interruption.