Super.Money – More than a year after splitting from Walmart-backed fintech PhonePe, the Flipkart group has achieved a major milestone with the formal launch of its new Unified Payments Interface (UPI) app, super.money. The app is now under beta testing and will initially only be accessible to 100,000 users. Super.money is available for download from the Google Play Store.
How It Works?
Super.Money is based on the strong UPI infrastructure, which enables customers to utilise their cellphones to make quick bank-to-bank transactions. The software offers a quick and easy way to make payments by integrating with current bank accounts. Fast, safe transactions are available to users, and they can receive actual cashback for their purchases.
How to Set Up?
- Download the App
- Register Your Mobile Number
- Link Your Bank Accoun
- Set Up UPI PIN
- Start Transacting
Rewards and Benefits
App’s promise of up to 5% “real cashback” on transactions is one of its most notable features. In contrast to many other financial apps that provide “useless rewards,” Super.Money concentrates on giving its customers real advantages. Offering “credit with the speed of UPI,” the app was created in collaboration with Utkarsh Small Finance Bank. Axis Bank and IndusInd Bank are also mentioned as banking partners, which gives the new app more legitimacy and dependability.
New fixed deposit product
The company said in a recent statement that they are launching their first investment product for all 7 million of their consumers with the launch of superFD.With FD, users may conveniently register fixed deposits (FDs) for as little as Rs 1000 and receive interest rates as high as 9.5%. Users can currently choose from five banks that have been approved by the RBI on super.money. Additionally, the Deposit Insurance and Credit Guarantee Corporation (DICGC) insures all FDs on super.money up to Rs 5 lakh.
conclusion
Flipkart’s ongoing innovation in the financial technology sector is demonstrated with the launch the app. With its emphasis on genuine cashback, easy-to-use interface, and solid alliances with well-known banks, Super.money hopes to draw in customers looking for greater benefits and a more seamless financial services experience. It would be fascinating to observe how the app influences the development of digital payments in India as it receives feedback and changes.