보관된 글 — US — techcrunch
Flipkart’s Super.money teams up with Kotak Bank to make India’s free UPIpayments pay
Flipkart's Super.money partners with Kotak Bank aiming to transform India's UPI payment model by bundling UPI payments, savings, and secured credit into a single account. They plan to issue 2 million secured credit cards in a year, targeting first-time borrowers. Super.money, which serves 10 million users, expects this alliance to contribute significantly to its revenue as it seeks profitability by 2026.
핵심 정리
- Flipkart's Super.money and Kotak Bank partner to enhance UPI payment operations.
- The collaboration aims to issue around 2 million secured credit cards within a year, focusing on first-time borrowers.
- Super.money has 10 million active users and anticipates 10% revenue contribution from this partnership next year.
- UPI's success has limited fintech profitability due to regulatory restrictions on merchant fees.
- The '3 in 1 Super Account' will integrate savings, UPI payments, and a secured credit card.
- Super.money plans to generate revenue through personal loans, credit cards, and transactions in its payment ecosystem.
- Flipkart has invested $50 million in Super.money, with plans to seek additional funding as operations expand.
왜 중요한가
- As of 2023, India’s UPI system facilitates 19 billion transactions monthly, highlighting the country's digital payment expansion.
- The trend of fintech combining traditional banking features with digital payments is prevalent globally, reflecting changes in consumer preferences.
- Fintech in 2025 is expected to focus more on integration with existing banking infrastructures to provide comprehensive financial services.
Super.money's partnership with Kotak Bank is a strategic move to monetize India's successful UPI payment system while addressing the challenges fintechs face in profitability, aiming for a robust financial services model that could reshape digital payments in India.