Here we have a big update for you. Kiwi which is a credit card platform announced that the company is about to land its Credit on UPI card in the market. It will be an all-in-one solution for the customers. How? We have answered and discussed all the imperative points about Kiwi Credit Card in this blog. Credit card platform “Kiwi” is certified by the NPCI and it is India’s first app that allows its customers to experience Credit on UPI through its Rupar Cards in partnership with banks including Axis Bank. Since the company announced the launch of its Credit on UPI card, people have been in a frenzy to know what the benefits that are coming with it. If you have been reading this article, you won’t require to scrounge any other web article regarding the same. Kindly stay tuned for a while and complete it. Scroll down.
KIWI Credit Card Explained
The company is aiming to craft a huge direct-to-customer model in the credit card market thus here comes Kiwi’s mobile application which will let customers pay either using a bank account directly or a credit card through their phones in a secure manner. Siddharth Mehta who is the co-founder of the credit card company KIWI said during the launch, “UPI has become the most inclusive mode of payment in India, with over 30 crore unique users and 5 crore merchants onboarded on the platform.”
Kiwi’s co-founder further added, “With the launch of the Kiwi app, for the first time in India, users can now leverage the power of a (RuPay) credit card with the convenience and ease of UPI. Our vision is to enable access to credit on UPI for 1 million users over the next 18 months” According to the co-founder, the users of Kiwi Credit Card will be given a digital Rupay credit card instantly. Once the customer gets the digital Rupay credit card they will be able to link the UPI and Rupay Card through the mobile application so that they can avail the Credit on UPI offers and cashback. Scroll down the page.
Reportedly, the cashback offers will be offered at both, offline stores and online platforms. The app will also let customers manage their cards by setting the card limit, blocking the card, and more. The COO of NPCI named Praveena Rai said, “In our step towards attaining the goal of ‘Digital Payments for All’, Kiwi will be a game-changer in the Indian credit card industry. With the monthly expenditure on UPI P2M transactions amounting to approximately Rs. 3.2 lakh crore, which is almost 2.5x larger than the monthly credit card spends, Kiwi is set to capitalize on a significant untapped market. Looking at the whitespace that Kiwi is addressing, we’re confident that their model will support plenty of Indian credit card users on a daily basis.”
Categories: Biography
Source: vtt.edu.vn