Flipkart UPI Service Launched in Partnership With Axis Bank Amid Paytm Payments Bank Ban All Details

Flipkart launched Unified Payment Interface (UPI) service in collaboration with Axis Bank. Flipkart UPI service will initially be available for Android users and can be used for online and offline payments. Customers can now pay bills and transfer funds directly from the Flipkart app. Flipkart UPI will compete with other popular third-party UPI apps like Paytm, PhonePe, Google Pay and Amazon Pay.

Rajneesh Kumar, Chief Corporate Affairs Officer, Flipkart India, launched Flipkart's own UPI handle on X on Sunday, March 3. Announcement of. As mentioned, Flipkart has partnered with Axis Bank for this service and it is currently limited to Android users. Customers can register for Flipkart UPI service with @fkaxis handle for their digital transactions using the Flipkart app.

Flipkart UPI service can be used for payment, recharge and bill payment of any product or service. It can also be used to make payments outside the Flipkart marketplace by scanning the QR code. Flipkart is offering many benefits including SuperCoin, cashback and vouchers for Flipkart UPI transactions. Users can earn 10 SuperCoins on a minimum payment of Rs 100 on their first five scans and payment transactions. Similarly, Walmart-backed e-commerce company is offering flat Rs 25 discount on first order from Flipkart.

Interested users can activate Flipkart UPI by going to the Scan and Pay option under My UPI in the Flipkart Android app. After selecting the bank, Flipkart will verify the details with an SMS and activate the Flipkart UPI service.

The launch of its own UPI handle will allow Flipkart to reduce its dependence on third-party UPI services, including Paytm, PhonePe, Google Pay and Amazon Pay. The entry of Flipkart UPI comes at a time when India's Financial Intelligence Unit (FIU) has imposed a fine of Rs 5.49 crore on Paytm's banking arm Paytm Payments Bank for alleged money laundering.