Flipkart launched the Unified Funds Interface (UPI) service in collaboration with Axis Financial institution. The Flipkart UPI service will probably be initially obtainable for Android customers and can be utilized for on-line and offline funds. With the newest replace, clients can now pay payments and make fund transfers immediately from the Flipkart app. Flipkart UPI would compete with the likes of different fashionable third-party UPI apps similar to Paytm, PhonePe, Google Pay, and Amazon Pay.
Rajneesh Kumar, Chief Company Affairs Officer, Flipkart India, announced the launch of Flipkart’s personal UPI deal with on Sunday (March 3) on X. As talked about, Flipkart has partnered with Axis Financial institution for the characteristic and it’s at the moment restricted to Android customers. Prospects can register for the Flipkart UPI service with the @fkaxis deal with for his or her digital transactions utilizing the Flipkart app.
The Flipkart UPI service can be utilized to pay for any product or providers, recharges, and invoice funds. It can be used to make funds outdoors the Flipkart market by scanning QR codes. Flipkart is providing a variety of advantages together with supercoins, cashback, and vouchers for Flipkart UPI transactions. Customers can get ten supercoins on their first 5 scan and pay transactions on a minimal fee of Rs. 100. Equally, the Walmart-backed e-commerce firm is providing flat Rs. 25 off on the primary Flipkart order.
customers can activate Flipkart UPI by heading to the Scan and Pay choice below My UPI within the Flipkart Android app. After choosing the financial institution, Flipkart will confirm the small print with an SMS and activate the Flipkart UPI service.
The introduction of its personal UPI deal with will permit Flipkart, which claims to have over 50 crore registered customers on its market, to scale back dependence on third-party UPI providers together with Paytm, PhonePe, Google Pay, and Amazon Pay. The entry of Flipkart UPI comes at a time when India’s Monetary Intelligence Unit (FIU) has imposed a penalty of Rs. 5.49 crore on Paytm’s banking arm Paytm Funds Financial institution, for alleged cash laundering.
Additional, the event comes months after Flipkart separated possession of digital fee firm PhonePe. The e-commerce vendor acquired PhonePe again in 2026.
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