Flipkart’s Super.money teams up with Kotak811 to make India’s free UPI payments pay
The partnership plans to distribute approximately 2 million credit cards backed by fixed deposits within the next year.
MAIN POINTS
- Partnership targets issuing 2 million credit cards.
- Credit cards will be backed by fixed deposits.
- Initiative set to be completed in 12 months.
- Aims to enhance financial product offerings.
TAKEAWAYS
- Fixed-deposit-backed cards offer a secure credit option.
- Large-scale issuance indicates significant market demand.
- Partnership could drive innovation in financial services.
- Timeline suggests a rapid deployment strategy.