Flipkart's Super.money Partners with Kotak811
Flipkart's fintech arm Super.money has teamed up with Kotak811 to revolutionize India's free UPI payments.
The partnership aims to issue about 2 million fixed-deposit-backed credit cards in the next 12 months, with roughly 60% going to first-time borrowers.
- Issue 2 million secured credit cards in 12 months
- Issue 5 million secured credit cards in 2 years
Super.money expects the Kotak alliance to contribute around 10% of its revenue next year as it works toward profitability by 2026, said chief executive Prakash Sikaria.
Author's summary: Flipkart's Super.money partners with Kotak811 to change India's digital payments landscape.