Flipkart Group Launches New Payments App, super.money, Targeting First-Time Borrowers
- Flipkart has introduced a new payments app, , to facilitate UPI payments and offer cashback, aiming to strengthen its position in the fintech sector. - The app, launched in beta in June, has already processed 10 million transactions and achieved 1 million downloads, offering up to 5% cashback on merchant transactions. - plans to introduce a credit on UPI feature, partnering with NPCI for a co-branded credit card, targeting borrowers from tier 2 and tier 3 cities. - Prakash Sikaria, CEO of , emphasized the focus on first-time borrowers who have never had an unsecured credit card, aiming to formalize credit for this group. Source: [Live Mint]()
