Flipkart-backed fintech startup SuperMoney launches credit-first UPI app with up to 5% cashback, targeting Tier II & III markets.

Flipkart-backed fintech startup SuperMoney launched its credit-first UPI app, offering up to 5% cashback on merchant transactions and special offers from partners Flipkart and Myntra. Super.money aims to diversify from being a UPI-first payments gateway app by transitioning into a secured lender, targeting Tier II and III markets. The startup, which has completed testing its credit on UPI solution, plans to introduce new credit products, including co-branded credit cards, fixed deposits, and instant pre-approved personal loans in the coming months.

August 21, 2024
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