Till now, if you buy something from Flipkart, you had to pay through platforms like Google Pay or PhonePe for UPI payment. But now e-commerce platform Flipkart has launched its own UPI service. It has been launched in partnership with Axis Bank. This is being seen as a major change in India’s online payment sector, because recently RBI has banned the major online payment platform Paytm Payment Bank.

There will be competition with PhonePe and GPay

Tension has increased between Google Pay and PhonePe regarding Flipkart UPI service, because PhonePe and GooglePe continue to dominate the UPI market. PhonePe and GooglePe alone capture about 70 to 80 percent of India’s UPI market.

You will get these benefits

However, now Flipkart has come up with UPI service which is cloud based with many benefits. In Flipkart UPI service, users will get benefits like cashback, super coin, voucher.

Tension increases between PhonePe and GPay

It is clear that if you make payment through Flipkart UPI while shopping from Flipkart, then you are going to get additional benefits. This remains a cause of concern for PhonePe and GooglePe, as both these UPI platforms do not have a popular e-commerce portal like Flipkart.

Android smartphone users will be able to take advantage of this

Currently this service is available for Android users, which can soon be made available for iOS users also.

Rahul Dev

Cricket Jounralist at Newsdesk

Leave a comment

Your email address will not be published. Required fields are marked *