KIWI Axis Bank RuPay Credit Card: Get Complete Details about Flat 2% Cashback
In this article, we are going to tell you about the new Kiwi launches. The introduction of the Kiwi credit card platform,’s all-inclusive “Credit on UPI” consumer solution has been announced. As the first app in India to receive certification from the NPCI, Kiwi will enable customers to enjoy “Credit on UPI” by issuing Rupay Cards in collaboration with banks. Users on the waitlist will receive flat rates of 2% and 1% cashback, respectively. The Kiwi app is scheduled to launch in mid-May, but users can already register and go on the waitlist there. Users of Kiwi’s RuPay credit card 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
Through the launch of its mobile application, which allows users to securely make payments using either a credit card or bank account through their phones, the company hopes to establish one of the largest direct-to-consumer (D2C) models in the credit market. With over 30 crore unique users and 5 crore merchants signed up on the network, UPI has developed into India’s most inclusive method of payment, according to Siddharth Mehta, co-founder of Kiwi. With the release of the Kiwi app, users may now combine the strength of a (RuPay) credit card with the practicality and simplicity of UPI for the first time in India. Over the next 18 months, our goal is to give 1 million users access to credit via UPI.
Users from New Zealand will receive an instant digital RuPay credit card. After obtaining the card, customers can link it to UPI on the app and use the “Credit on UPI” transactions option at both offline and online retailers. With a variety of tools like restricting cards, raising limits, and making card payments while rewarding users for each transaction, the Kiwi app will also assist users in managing their cards.
According to NPCI COO Praveena Rai, Kiwi “will be a game-changer in the Indian credit card sector as we move closer to realizing the goal of ‘Digital Payments for All’. Given that around 3.2 lakh crore or about 2.5 times as much money is spent on UPI P2M transactions each month as it is on credit card transactions, Kiwi is poised to take advantage of a big untapped market. We are certain that Kiwi’s approach will accommodate a sizable number of Indian credit card customers on a daily basis based on the whitespace that Kiwi is targeting. So this was all about this case. So, Stay tuned to PKB news.
