How does Flipkart UPI Work?
Flipkart UPI lets you create a unique “@fkaxis” handle linked to your bank account. This handle works like those offered by PhonePe or Google Pay. You can then use it for:
- Flipkart purchases: Pay for your shopping directly within the app, skipping separate payment apps.
- Offline payments: Scan QR codes at merchants accepting UPI to make payments in stores and other locations.
- Bill payments: Pay your utility bills and recharge your phone directly through Flipkart UPI.
It’s still early days, but Flipkart might offer rewards for using their service, making it potentially beneficial for frequent 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.