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Flipkart is ready to announce a brand new service to tackle Amazon and likewise rival Paytm and different cost providers in India. The e-commerce platform has confirmed the launch of its personal UPI providers — Flipkart UPI. Flipkart’s homepage already has the Flipkart banner reside that implies the service might launch quickly. Being an UPI service, we anticipate it to supply customers with the choice to could funds utilizing UPI for the Flipkart orders in addition to common UPI funds to retailers, shops and even native distributors. Right here’s the whole lot we find out about Flipkart UPI service:Flipkart UPI: DetailsAs of now, we solely know that Flipkart is ready to launch the UPI service quickly. The e-commerce platform hasn’t confirmed particular particulars concerning the official launch date. As per the microsite that’s now reside on Flipkart.com counsel that it’ll provide customers with the choice to scan and pay for any QR code. Additionally, customers could make on-line funds, ship cash to family and friends like every other UPI app. Furthermore, Flipkart can also be providing customers some provides similar to a reduction of Rs 25 on 1st Flipkart order utilizing Flipkart UPI. Customers will even get 20 supercoins for 1st 5 transactions utilizing the scan and pay function of Flipkart UPI.Flipkart UPI to rival Amazon Pay and different UPI appsUPI providers are supplied by a number of apps and even banks. Mostly used UPI apps are Paytm, Amazon Pay, PhonePe, BHIM and extra. The Flipkart UPI service is ready to rival all of them with some added advantages like low cost provides and extra. The most important competitor is Amazon which not solely rivals when it comes to UPI service supplied, but additionally as an e-commerce platform. That mentioned, Amazon Pay additionally provides much more options and several other different providers like making invoice funds, cellular recharge, flight bookings and extra. Whether or not or not Flipkart UPI will provide these providers remains to be unknown, we anticipate to know extra about it after the official announcement.Additionally it is essential to notice that Flipkart acquired PhonePe again in 2016 and has been utilizing the service on its platform in addition to a standalone UPI app to facilitate the UPI funds and different providers like invoice funds and extra.

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