Flipkart India Chief Corporate Affairs Officer Rajneesh Kumar launched his UPI handle of Flipkart on Sunday, March 3 Announcement of. As stated, Flipkart has partnered with Axis Bank for this service and is currently limited to Android users. Customers can register for their digital transactions using the Flipkart UPI service for their digital transactions using the Flipkart app.
Flipkart UPI service can be used for any product or service payment, recharge and bill payment. It can also be used to scan the QR code and make payment outside the Flipkart Marketplace. Flipkart, Flipkart is offering many benefits including superconcin, cashback and voucher for UPI transactions. Users can get 10 superconcies on paying at least Rs 100 on their first five scans and payment transactions. Similarly, Walmart-backed e-commerce company is offering a flat of Rs 25 on the first order of Flipkart.
Interested users can activate Flipkart UPI by visiting scan and pay options under My UPI in Flipkart Android app. After selecting the bank, Flipkart will verify details with an SMS and Flipkart will activate UPI service.
With the introduction of its own UPI handle, Flipkart will get an opportunity to reduce third-party dependence on the UPI service including Paytm, PhonePe, Google Pay and Amazon Pay. Flipkart UPI’s entry is at a time when India’s Financial Intelligence Unit (FIU) has imposed a fine of Rs 5.49 crore at Paytm Payments Bank, the banking branch of Paytm for alleged money laundering.
