Flipkart, India’s leading e-commerce platform, has launched its own UPI handle powered by Axis Bank for Android users. The handle, called “@fkaxis”, offers a convenient, secure and rewarding way to make payments, transfer funds and earn Supercoins.
What is Flipkart UPI?
Flipkart UPI is a payment service that allows users to create their own UPI ID on the Flipkart app and use it for online and offline transactions. Users can pay for any product or service on the Flipkart marketplace, as well as recharge their mobiles, pay bills, and scan QR codes to pay at other merchants. Flipkart UPI is currently available only for Android users, but is expected to be rolled out to iPhone users soon.
What are the benefits of Flipkart UPI?
Flipkart UPI offers several benefits to users, such as:
- Zero-cost transactions: Users can make unlimited transactions without any charges or fees.
- Seamless onboarding: Users can easily create their UPI ID on the Flipkart app with a few clicks and link it to any bank account.
- Quick and easy payments: Users can make one-click payments within the app or scan QR codes to pay at other merchants.
- Rewards and offers: Users can earn Supercoins on every transaction, which can be redeemed for discounts, vouchers, and other benefits on the Flipkart platform. Users can also get Rs 25 off on their first purchase and 20 super coupons for their first five purchases made through Flipkart UPI.
How does Flipkart UPI work?
Flipkart UPI works on the unified payments interface (UPI) platform, which is a real-time payment system developed by the National Payments Corporation of India (NPCI). UPI enables users to send and receive money using a virtual payment address (VPA) or UPI ID, without sharing their bank account details. To use Flipkart UPI, users need to follow these steps:
- Download or update the Flipkart app on their Android smartphone.
- Go to the “My Account” section and tap on “Flipkart UPI”.
- Enter their mobile number and verify it with an OTP.
- Choose a UPI ID from the available options or create their own custom ID.
- Link their bank account by selecting their bank name and entering their debit card details.
- Set a UPI PIN for secure transactions.
- Start using Flipkart UPI for payments, transfers and rewards.
How is Flipkart UPI different from other UPI apps?
Flipkart UPI is different from other UPI apps in the following ways:
- It is integrated with the Flipkart app, which means users do not need to download a separate app or switch between apps to make payments.
- It is powered by Axis Bank, which is one of the leading banks in India and a trusted partner of Flipkart.
- It offers exclusive rewards and benefits to users, such as Supercoins, brand vouchers, cashbacks and more.
What is the future of @fkaxis ?
Flipkart UPI is a strategic move by Flipkart to strengthen its position in the digital payments space and enhance its customer experience. Flipkart aims to leverage its large user base, wide merchant network and strong brand value to drive adoption of its UPI service. Flipkart also plans to expand its UPI service to other platforms such as Myntra, PhonePe and JioMart in the future. Flipkart UPI is expected to boost the growth of the UPI ecosystem in India and contribute to the vision of a digital economy.
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