KIWI Axis Bank RuPay Credit Card: Get Complete Details about Flat 2% Cashback 2023

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In this article, we will tell you about newly launched Kiwi products. The launch of the Kiwi credit card platform, the end-to-end consumer solution “Credit on UPI” has been announced. As the first app in India to receive certification from NPCI, Kiwi will enable customers to enjoy “Credit on UPI” by issuing Rupay Cards in collaboration with banks. Waitlisted users will receive a flat refund rate of 2% and 1% respectively. The Kiwi app is scheduled to launch in mid-May, but users can already sign up and get on the waitlist there. Kiwi RuPay credit card users will be able to make UPI payments. In 18 months, management aims to recruit 2 million users.

KIWI Axis Bank RuPay credit card explained

Through the launch of a mobile app that allows users to securely make payments using a credit card or bank account via their phone, the company hopes to establish one of a kind direct models. to consumer (D2C) largest credit market. According to Kiwi co-founder Siddharth Mehta, with over 30 billion unique users and 5 billion registered merchants on the network, UPI has grown into the most comprehensive payment method in India. With the release of the Kiwi app, users can combine the power of a credit card (RuPay) with the practicality and simplicity of UPI for the first time in India. Over the next 18 months, our goal is to provide 1 million users with access to credit through UPI.

Users from New Zealand will receive a digital RuPay credit card instantly. Once they receive the card, customers can link it to UPI on the app and use the “Credit on UPI” transaction option at both offline and online retailers. With many tools such as card restrictions, limit increases, card payments and rewards for users after each transaction, the Kiwi application will also help users manage their cards.

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According to NPCI COO Praveena Rai, Kiwi “will be a game changer in India’s credit card space as we move closer to realizing the goal of ‘Digital Payments for All’. Given that around 3.2 lakh crore or about 2.5 times more money is spent on UPI P2M transactions per month than on credit card transactions, Kiwi is ready to take advantage of a large market unexploited. We are certain that Kiwi’s approach will cater to the large number of customers who use Indian credit cards on a daily basis based on the white space that Kiwi is targeting. So this is all about this case. So stay tuned for PKB news.