City
Epaper

Flipkart-backed super.money to democratise financial services by leveraging UPI: CEO

By IANS | Updated: June 27, 2024 14:55 IST

New Delhi, June 27 The super.money app, backed by e-commerce platform Flipkart, aims to democratise access to financial ...

Open in App

New Delhi, June 27 The super.money app, backed by e-commerce platform Flipkart, aims to democratise access to financial services by leveraging Unified Payments Interface (UPI) infrastructure, its Founder and CEO Prakash Sikaria said on Thursday.

super.money, a UPI super-app backed by Flipkart, has launched a Beta version of its Android app.

The app offers uncluttered user experience and focuses on great rewards for every transaction.

“The landscape of digital payments and financial services is evolving rapidly, presenting incredible opportunities for innovation,” said Sikaria.

He said the super.money app aims to democratise access to financial services by leveraging UPI infrastructure, “which is aligned to the government's larger vision of financial inclusion”.

The team will continue to assess customer feedback in the coming weeks and improve the product further.

“We have been working on several exciting products that we will launch soon,” Sikaria added.

The UPI platforms processed 13,115 crore transactions in FY24, aggregating to nearly Rs 200 lakh crore in value, compared with 8,376 crore transactions worth Rs 139 lakh crore in FY23.

Driven by Digital Public Infrastructure (DPI) models like UPI, the country is now leading the global fintech ecosystem and several countries are ready to embrace the 'India Stack' solutions to empower the masses.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Open in App

Related Stories

InternationalUnion Minister JP Nadda reviews fertilizer collaboration during visit to Saudi Arabia's Ma'aden facility

FootballMinerva narrowly fell short in final, but won hearts with historic Helsinki Cup campaign

InternationalSand, dust storms affect 330 million worldwide, cause 7 million premature deaths annually: UN

EntertainmentKota Srinivasa Rao dies at 83: Chiranjeevi, Pawan Kalyan, and Prakash Raj visit the late actor's residence to pay their respects

InternationalAustralian's Foreign Minister Penny Wong announces 34 recipients of Maitri Grants

Business Realted Stories

BusinessPiyush Goyal highlights key engagements across banking, MSMEs, aerospace, and infrastructure

BusinessIPL valuation hits $18.5 bn, up 12.9%, fueled by media rights, sponsors, and fan engagement

BusinessIndian stock markets to track Q1 earnings, tariff talks, and macroeconomic data this week: Experts

BusinessCentre's semiconductor push could cut chip imports by USD20 bn: McKinsey

BusinessBillionaires gather in Sun Valley in US for Allen & Co.'s annual conference