What is Flipkart’s UPI Service?
Flipkart’s UPI service, a product of its partnership with Axis Bank, is a digital payment platform integrated within the Flipkart app. It not only facilitates online shopping payments but also allows users to transfer money to local vendors, friends, and family. The transfers can be made using various identifiers such as UPI ID, phone numbers, or QR codes. This service is a significant step in enhancing the digital payment experience for Flipkart users.
Flipkart Launches UPI Service: Know how to Use it
In a significant move, e-commerce giant Flipkart has entered the digital payments space with the launch of its own Unified Payments Interface (UPI) service. This new service, dubbed “Flipkart UPI,” allows users to create their own UPI handle and make seamless online and offline payments directly within the Flipkart app, as well as for transactions outside the platform. This development marks a strategic step for Flipkart as it seeks to reduce its reliance on third-party payment applications and offer a more integrated user experience.
In Short:
- Flipkart partners with Axis Bank to launch its UPI service.
- The service allows payments within the app, money transfers, and bill payments.
- The launch is seen as a strategic move to expand its presence in the digital payments sector.