Flipkart Joins The Tech Lending Rush With Co-Branded Credit Card

Flipkart Joins The Tech Lending Rush With Co-Branded Credit Card

SUMMARY

Flipkart has partnered with Axis Bank and Mastercard to launch the credit card

The credit card offers customers benefits and unlimited cashback on all spends

It has tied up with third-party merchants such as UrbanClap, Curefit etc

Walmart-owned Flipkart has ventured into fintech services with the launch of a co-branded credit card, joining ecommerce rival Amazon in offering lending products to customers. The company announced that it has partnered with Axis Bank to launch the co-branded credit card, powered by Mastercard’s payments architecture.

Flipkart said the credit card offers customers benefits such as unlimited cashback and discounts on all spends, online and offline. The company claims that the credit card would improve access to credit for some of its customers, who may not be able to get loans or credit cards from traditional banks.

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