Latest news with #super.money
The Wire
21 hours ago
- Business
- The Wire
super.money Diversifies into Travel with FLIGHTS Launch; Strengthens Position as the Most Rewarding UPI Platform
With this launch, Gen Z's Favourite Money App is Betting Big on Travel Boom Bengaluru, Karnataka, India (NewsVoir) one of India's fastest-growing UPI-first platforms, today announced the launch of 'FLIGHTS' - a reimagined, rewards-first flight booking experience built primarily for Gen Z travellers. Powered by Cleartrip, this new feature enables users to book domestic flights seamlessly via UPI, while unlocking an exclusive 5% benefit that stacks on top of other offers, making it the most rewarding way to book flights today. This launch furthers ambition to redefine what UPI can do. With FLIGHTS, strengthens its position as a trailblazer, transforming UPI from a basic transaction tool into a platform for meaningful, high-value commerce. It bridges the benefits gap between credit cards and UPI, while keeping payments simple, secure, and instant. Recent Cleartrip data highlights that Gen Z consumers (those born between 1997 and 2012) are driving a shift in travel behaviour: opting for solo experiences, prioritising comfort and personal freedom, and choosing UPI and debit cards over credit-based payments. In fact, Gen Z leads in UPI usage, with 10% more UPI transactions than any other cohort. is directly addressing this shift by giving young Indians a way to book flights using just UPI - without sacrificing rewards, benefits, or control. This aligns with Gen Z's preference for ease, instant gratification, and debt-free financial choices. 'With 'FLIGHTS,' we are embedding value directly into travel bookings on UPI,' said Prakash Sikaria, Founder & CEO of 'This move reflects our larger vision to make UPI not just about daily spends but about enabling life's bigger moments too. Whether it's booking a solo trip or a dream holiday, FLIGHTS on is here to make decisions smarter, faster, and more rewarding.' 'At Cleartrip, we are observing a significant uptick in UPI adoption as a preferred mode of payment among flight bookers,' said Manjari Singhal, Chief business and growth officer, Cleartrip. 'This trend is even more pronounced among Gen Z travellers, who are drawn to the ease, speed, and debt-free nature of UPI transactions. This shift reinforces our commitment to serving one of the fastest-growing customer segments in the travel space.' As 85% of digital transactions in India now take place via UPI (IMF, 2024), is building the ecosystem Gen Z expects: where payments aren't just functional but empowering. Travel, once considered a luxury, is now a lifestyle choice and is making sure payments keep up. The launch of FLIGHTS cements role as a category-defining force, and a one-stop destination for India's new-age consumers looking for simplicity, control, and real-time value. About by Flipkart Group is a pioneering UPI fintech platform dedicated to revolutionizing India's payment landscape. The app aims to empower users with a seamless, secure, and user-friendly UPI experience, integrating innovative credit solutions directly into everyday transactions. By offering immediate cashbacks on every UPI payment, delivers instant rewards and enhances the financial experience. With a commitment to security, simplicity, and innovation, aims to set a new standard in financial independence and user satisfaction. is ISO27001 and PCI DSS certified. To know more, visit or write at help@ Social Handles: LinkedIn - X/Twitter - @getsupermoney Instagram - (Disclaimer: The above press release comes to you under an arrangement with Newsvoir and PTI takes no editorial responsibility for the same.). PTI This is an auto-published feed from PTI with no editorial input from The Wire.
Fashion Value Chain
a day ago
- Business
- Fashion Value Chain
super.money Diversifies into Travel with FLIGHTS Launch; Strengthens Position as the Most Rewarding UPI Platform
one of India's fastest-growing UPI-first platforms, today announced the launch of 'FLIGHTS' – a reimagined, rewards-first flight booking experience built primarily for Gen Z travellers. Powered by Cleartrip, this new feature enables users to book domestic flights seamlessly via UPI, while unlocking an exclusive 5% benefit that stacks on top of other offers, making it the most rewarding way to book flights today. forays into Travel with FLIGHTS Launch This launch furthers ambition to redefine what UPI can do. With FLIGHTS, strengthens its position as a trailblazer, transforming UPI from a basic transaction tool into a platform for meaningful, high-value commerce. It bridges the benefits gap between credit cards and UPI, while keeping payments simple, secure, and instant. Recent Cleartrip data highlights that Gen Z consumers (those born between 1997 and 2012) are driving a shift in travel behaviour: opting for solo experiences, prioritising comfort and personal freedom, and choosing UPI and debit cards over credit-based payments. In fact, Gen Z leads in UPI usage, with 10% more UPI transactions than any other cohort. is directly addressing this shift by giving young Indians a way to book flights using just UPI – without sacrificing rewards, benefits, or control. This aligns with Gen Z's preference for ease, instant gratification, and debt-free financial choices. 'With 'FLIGHTS,' we are embedding value directly into travel bookings on UPI,' said Prakash Sikaria, Founder & CEO of 'This move reflects our larger vision to make UPI not just about daily spends but about enabling life's bigger moments too. Whether it's booking a solo trip or a dream holiday, FLIGHTS on is here to make decisions smarter, faster, and more rewarding.' 'At Cleartrip, we are observing a significant uptick in UPI adoption as a preferred mode of payment among flight bookers,' said Manjari Singhal, Chief business and growth officer, Cleartrip. 'This trend is even more pronounced among Gen Z travellers, who are drawn to the ease, speed, and debt-free nature of UPI transactions. This shift reinforces our commitment to serving one of the fastest-growing customer segments in the travel space.' As 85% of digital transactions in India now take place via UPI (IMF, 2024), is building the ecosystem Gen Z expects: where payments aren't just functional but empowering. Travel, once considered a luxury, is now a lifestyle choice and is making sure payments keep up. The launch of FLIGHTS cements role as a category-defining force, and a one-stop destination for India's new-age consumers looking for simplicity, control, and real-time value. About by Flipkart Group is a pioneering UPI fintech platform dedicated to revolutionizing India's payment landscape. The app aims to empower users with a seamless, secure, and user-friendly UPI experience, integrating innovative credit solutions directly into everyday transactions. By offering immediate cashbacks on every UPI payment, delivers instant rewards and enhances the financial experience. With a commitment to security, simplicity, and innovation, aims to set a new standard in financial independence and user satisfaction. is ISO27001 and PCI DSS certified. To know more, visit or write at help@ Social Handles: LinkedIn – X/Twitter – @getsupermoney Instagram –
Yahoo
09-06-2025
- Business
- Yahoo
Flipkart receives lending licence from Reserve Bank of India
Walmart's Flipkart has obtained a lending licence from the Reserve Bank of India (RBI), allowing the e-commerce platform to provide loans directly to its customers and sellers. This development marks the first instance of the RBI granting a non-banking finance company (NBFC) licence to an e-commerce entity in India, as confirmed by a company spokesperson following a report by Reuters. The RBI issued the certificate of registration to Flipkart Finance Private Limited, a document that officially recognises the company as an NBFC. According to the RBI's approval letter, Flipkart submitted its application for the licence in 2022. The RBI has not yet responded to requests for comments regarding this matter. A source familiar with the situation indicated that Flipkart may begin its lending operations "in a few months," although this timeline is contingent upon the completion of internal processes, including the appointment of key management personnel and the finalisation of business strategies. The licence enables Flipkart to engage in lending activities, although it is not permitted to accept deposits. Flipkart intends to provide loans directly through its e-commerce platform and its fintech application, Additionally, the company may extend financing options to sellers using its platform. Currently, Flipkart collaborates with lenders such as Axis Bank, IDFC Bank, and Credit Saison to offer personal loans to customers. Valued at $37bn in 2024 after raising $1bn in a funding round led by Walmart, Flipkart is in the process of relocating its holding company from Singapore to India. Walmart acquired a controlling interest in Flipkart in 2018, which also included ownership of PhonePe, a fintech company that is preparing for an initial public offering (IPO). "Flipkart receives lending licence from Reserve Bank of India" was originally created and published by Retail Banker International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
06-06-2025
- Business
- Yahoo
Exclusive-Walmart's Flipkart secures approval for direct lending in India
By Ashwin Manikandan (Reuters) -Walmart's Flipkart has secured a lending licence from the Indian central bank and banking regulator, enabling it to offer loans directly to customers and sellers on its platform, a spokesperson for the company confirmed after Reuters reported the development citing documents and a source. This is the first time the Reserve Bank of India has granted a large e-commerce player in India a non-bank finance company (NBFC) licence, allowing it to lend but not take deposits. Most e-commerce platforms currently offer loans in tie-ups with banks and NBFCs, but a lending licence will enable Flipkart - India's largest e-commerce firm - to lend directly, a more lucrative model for the group. The central bank issued its certificate of registration - a document that officially recognizes a company as an NBFC - to Flipkart Finance Private Limited on March 13. Reuters has reviewed a copy of both the certificate of registration and the approval letter also dated March 13. The approval has not been previously reported. Flipkart, in which U.S. retail behemoth Walmart holds a more than 80% stake, applied for the licence in 2022, according to the central bank's approval letter. The Reserve Bank of India did not immediately respond to Reuters' request for comments. The e-commerce giant may commence its lending operation "in a few months", according to a source aware of the matter who declined to be identified as the talks are private. A final decision on the launch will be subject to the completion of various internal processes such as the appointment of key management personnel and board members and the finalisation of business plans, the source said. Flipkart plans to lend directly to its customers on its popular e-commerce platform and through its fintech app the source said. It may also offer financing to sellers on the platform, they added. At present, the e-commerce giant offers personal loans to customers through tie-ups with lenders such as Axis Bank, IDFC Bank and Credit Saison. Flipkart, last valued at $37 billion in 2024 when it raised $1 billion in a funding round led by Walmart, is shifting its holding company from Singapore to India. Walmart also aims to take the 17-year-old company public. Walmart bought a controlling stake in Flipkart in 2018, which also gave it ownership of PhonePe, a fintech firm also preparing for an IPO. Earlier this year Flipkart's rival Amazon acquired a Bengaluru-based non-bank lender Axio, but the deal is yet to be cleared by the central bank. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Time of India
06-06-2025
- Business
- Time of India
Walmart's Flipkart secures approval for direct lending in India, documents show
HighlightsWalmart's Flipkart has received a lending licence from the Reserve Bank of India, enabling it to offer loans directly to customers and sellers on its platform. This marks the first time the Reserve Bank of India has granted a non-bank finance company licence to a major e-commerce player in India, allowing Flipkart to pursue a more lucrative direct lending model. Flipkart plans to launch its lending operations through its e-commerce platform and fintech application with potential financing options for sellers as well. By Ashwin Manikandan Walmart's Flipkart has secured a lending licence from the Indian central bank and banking regulator, enabling it to offer loans directly to customers and sellers on its platform, according to documents reviewed by Reuters and a source. This is the first time the Reserve Bank of India has granted a large e-commerce player in India a non-bank finance company (NBFC) licence, allowing it to lend but not take deposits. Most e-commerce platforms currently offer loans in tie-ups with banks and NBFCs, but a lending licence will enable Flipkart - India's largest e-commerce firm - to lend directly, a more lucrative model for the group. The central bank issued its certificate of registration - a document that officially recognizes a company as an NBFC - to Flipkart Finance Private Limited on March 13. Reuters has reviewed a copy of both the certificate of registration and the approval letter also dated March 13. The approval has not been previously reported. Flipkart, in which U.S. retail behemoth Walmart holds a more than 80% stake, applied for the licence in 2022, according to the central bank's approval letter. Neither Flipkart nor the Reserve Bank of India immediately responded to Reuters' request for comments. The e-commerce giant may commence its lending operation "in a few months", according to a source aware of the matter who declined to be identified as the talks are private. A final decision on the launch will be subject to the completion of various internal processes such as the appointment of key management personnel and board members and the finalisation of business plans, the source said. Flipkart plans to lend directly to its customers on its popular e-commerce platform and through its fintech app the source said. It may also offer financing to sellers on the platform, they added. At present, the e-commerce giant offers personal loans to customers through tie-ups with lenders such as Axis Bank , IDFC Bank and Credit Saison. Flipkart, last valued at $37 billion in 2024 when it raised $1 billion in a funding round led by Walmart, is shifting its holding company from Singapore to India. Walmart also aims to take the 17-year-old company public. Walmart bought a controlling stake in Flipkart in 2018, which also gave it ownership of PhonePe, a fintech firm also preparing for an IPO.
