Flipkart launches payment app: E-commerce giant launches its own payment app ‘Super.Money’ after separating from PhonePe

New Delhi, June 24: E-commerce giant Flipkart has started rolling out its own payment app Super.money as part of its fintech initiative more than a year and a half after separating from PhonePe. The new app, currently available in beta on the Play Store, allows users to make mobile payments via UPI, TechCrunch reported on Wednesday. “With a clean user interface and a focus on great rewards for every transaction, super.money aims to change the way people use and access financial services,” said a Super.money spokesperson.

“The super.money team will continue to evaluate customer feedback in the coming weeks and further improve the product,” he added. According to the Android app’s description, the app promises “real cashback” on transactions, not “useless rewards” for paying, sending or receiving money through the app. “The digital payments and financial services landscape is rapidly evolving, creating incredible opportunities for innovation,” said Prakash Sikaria, founder and CEO of Super.money. Flipkart launches new UPI app ‘Super.Money’ in beta for Android and aims to acquire previously owned PhonePe

“Super.money aims to democratize access to financial services by leveraging UPI infrastructure, which is in line with the government’s broader vision of financial inclusion,” he added. The company also plans to expand its offerings to include secured cards and loans, as described in the app. The app identifies DMI Finance, Axis Bank and Credit Saison India among its partners on its website. OpenAI delays launch of ChatGPT advanced voice mode from late June to next month, saying it’s still a work in progress

Meanwhile, Google invested almost $350 million in Flipkart, raising the valuation of the domestic company to almost $36 billion. In a statement, Flipkart said it has added Google as a “minority investor” in the e-commerce platform in the latest funding round led by Walmart.

(The above story first appeared on LatestLY on Jun 26, 2024 11:14 PM EST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly. com).