In this article we are going to talk about the new releases of Kiwi. The introduction of the Kiwi credit card platform, the comprehensive consumer solution “Credit at UPI”, has been announced. As the first app in India to receive NPCI certification, Kiwi will enable customers to enjoy “Credit on UPI” by issuing Rupay cards in collaboration with banks. Users on the waiting list will receive flat rates of 2% and 1% cash back, respectively. The Kiwi app is scheduled to launch in mid-May, but users can already sign up and waitlist there. Kiwi RuPay credit card users will be able to make UPI payments. In 18 months, the leadership aims to recruit 2 million users.
KIWI Axis Bank RuPay Credit Card Explained
By launching its mobile app, which allows users to make payments securely using a credit card or bank account via their phones, the company hopes to establish one of the largest direct-to-consumer (D2C) models in the world. credit market. With more than 30 million unique users and 5 million registered merchants on the network, UPI has become the most inclusive payment method in India, according to Siddharth Mehta, co-founder of Kiwi. With the launch of the Kiwi app, users can now combine the strength of a credit card (RuPay) with the convenience 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.
New Zealand users will receive an instant digital RuPay credit card. After obtaining the card, customers can link it to UPI in the app and use the “Credit at UPI” transaction option at both offline and online retailers. With a variety of tools like restricting cards, increasing limits, and making card payments while rewarding users for each transaction, the Kiwi app will also help users manage their cards.
According to Praveena Rai, COO of NPCI, Kiwi “will be a game changer in the Indian credit card industry as we move closer to achieving the ‘Digital Payments for All’ goal. With around 3.2 lakh crore or about 2.5 times more money being spent on UPI P2M transactions every month than credit card transactions, Kiwi is poised to tap into a large untapped market. We are confident that Kiwi’s approach will suit a sizeable number of Indian credit card customers on a daily basis based on the white space Kiwi is targeting. So this was all about this case. So, stay tuned for PKB news.
Categories: Biography
Source: vtt.edu.vn