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

by IANS |

 June 27 (IANS) 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.

Latest News
Sensex trades flat ahead of Union Budget Tue, Jul 23, 2024, 10:34 AM
FM Nirmala Sitharaman set to present her 7th Budget, major reforms expected Tue, Jul 23, 2024, 10:01 AM
Over four lakh devotees perform ongoing Amarnath Yatra in 24 days Tue, Jul 23, 2024, 09:54 AM
Tech firm Kakao's founder arrested over alleged stock manipulation Tue, Jul 23, 2024, 09:46 AM
Tour de France winner Pogacar pulls out of Paris Olympics Tue, Jul 23, 2024, 09:28 AM
What BHU students expect from Budget 2024: Funding for research, hostel, job opportunities Mon, Jul 22, 2024, 05:01 PM
Mizoram's Aizawl to become 4th state capital in NE to have rail link by next year Mon, Jul 22, 2024, 04:55 PM
Don't share video circulated by terrorists: J&K Police warns public Mon, Jul 22, 2024, 04:52 PM
Major allocations likely for six guarantees in Telangana's full budget Mon, Jul 22, 2024, 04:50 PM
Root is so special that he could eventually overtake Sachin: Vaughan Mon, Jul 22, 2024, 04:48 PM
HM Amit Shah's verbal assault on Pawar-Thackeray evoke strong reactions from MVA, NCP Mon, Jul 22, 2024, 04:46 PM
Odisha Assembly session: Oppn stages walkout during Governor's address Mon, Jul 22, 2024, 04:44 PM
14 Palestinians killed in Israeli attacks in Khan Younis: Health authorities Mon, Jul 22, 2024, 04:43 PM
No special status to Bihar, reiterates Centre in Lok Sabha; RJD takes 'toy' jibe Mon, Jul 22, 2024, 04:37 PM
AI, machine learning job roles see 433 pc rise since 2022: Study Mon, Jul 22, 2024, 04:34 PM