ET first reported about Flipkart’s plan to introduce its impartial UPI providing in Might final 12 months.
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Flipkart has been testing its personal providing on UPI with a closed person group since 2023. The transfer will pave the best way for it to enter the funds enterprise after its separation from PhonePe.
As of now, Flipkart UPI will solely be accessible for Android customers. Clients can register for UPI with @fkaxis deal with and do fund transfers and checkout funds utilizing the Flipkart app.
“The launch of Flipkart UPI seamlessly merges the comfort and cost-effectiveness of UPI with the trusted effectivity prospects count on from us. At Flipkart, we’re dedicated to delivering the best-in-class commerce expertise to prospects by providing protected and handy cost choices together with a wide selection of rewards and advantages comparable to Supercoins, Model Vouchers, and others,” stated Dheeraj Aneja, senior vice chairman – fintech and funds group at Flipkart.
The UPI providing will permit customers to avail options for on-line and offline service provider transactions inside and outdoors of the Flipkart market. It additionally introduces one-click and fast functionalities for recharges and invoice funds. With the brand new UPI characteristic, prospects will get a handy digital cost expertise by way of its built-in checkout funnel.
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Flipkart had ventures into the fintech house by way of Tremendous.cash, a platform arrange by senior government Prakash Sikaria, the place the etailer holds a majority stake and has invested $15-20 million.
