Myntra’s Post

Game changer or a niche player? Flipkart throws its hat in the UPI ring! 💳 The Indian e-commerce space just got a whole lot more interesting! Flipkart has officially entered the UPI game with its brand-new Flipkart UPI, developed in collaboration with Axis Bank. Intriguingly, Flipkart's new UPI service could Shake up the established order: Will Flipkart UPI be able to challenge titans like Paytm and PhonePe, or carve out its own niche? Simplify lives: Imagine making seamless payments within the Flipkart app, sending money to friends, and paying bills - all in one place! 💸 Spark innovation: Could this lead to further competition and even better features for all UPI users in India? What are your thoughts on this development? Will this change your preferred payment method on Flipkart?💭 #FlipkartUPI #DigitalPayments #India #Ecommerce #Fintech

Change is the only constant, and Flipkart is embracing it by diving deeper into fintech with its new app, Super.money Now in beta on the Google Play Store, Super. money promises UPI-based transactions with tangible cashback, moving away from traditional "useless rewards." Additionally, secured cards and lending services are on the horizon. Teaming up with DMI Finance, Axis Bank, and Credit Saison India, Flipkart is solidifying its financial footprint, especially after parting ways with PhonePe in 2022. The competition is fierce, with Reliance's Jio Financial Services also entering the payment app market. I'm unsure about Flipkart's diversification, including personal loans and BNPL is it a good strategic move? #ChangeIsConstant #Flipkart #Fintech #Supermoney #UPI

Myntra has introduced a "𝗣𝗮𝘆 𝘄𝗶𝘁𝗵 𝗥𝗲𝘄𝗮𝗿𝗱𝘀" feature, enabled by twid, which allows you to use your credit card points for purchases on their platform. While this feature is promising, there are a couple of limitations: 🔺 The conversion rate for reward points is lower than their actual value. For example, if your Yes Rewardz points are worth 0.25, you only get 0.10 on Myntra. That's a 60% loss of value. 🔺 You cannot choose how many reward points you want to use. It’s a points cash method without the option to decide the quantity of points to redeem. While it's a good start, the feature shouldn't come at the cost of value or choice. #myntra #loyalty #rewards

Exciting News!!! 📰 PhonePe, backed by Walmart, is making significant strides in the fintech sector with the launch of its new mobile application Share.Market. The Bengaluru-based firm has now entered the stock broking segment, putting itself in direct competition with well-known platforms such as Zerodha, Paytm, Groww, and Upstox. This expansion follows PhonePe's successful venture into the hyperlocal ecommerce space with Pincode, supported by ONDC. Share.Market not only allows users to trade in stocks, including intraday and delivery, but also offers opportunities to invest in mutual funds and exchange traded funds (ETFs). What's particularly interesting is their 'wealthbaskets' feature, which offers a curated basket of stocks created by licensed entities and their research teams, tapping into the passive funding use-case. With over 1 million active SIPs already created on the platform, PhonePe is poised to make a significant impact in the stock broking space. Stay tuned for more updates as PhonePe continues to innovate and expand its offerings. #PhonePe #Fintech #StockMarket #financenews

I had a very pathetic experience with Share.Market by PhonePe... unreliable platform with plethora of bugs. I can see loss occurring on the screen but unable to exit the trade. I have no idea how they can launch this platform without testing first. I advice all to stay away from it as it seems it is in beta testing. You will only end up losing money like me with no fault of yours. At the end of the trading journey with Share.Market by PhonePe I only have a headache and a losing day. Complete 1 Hour - 2:00 - 2:53 is missing from the chart. All trades done only end up in losing without any control.

🔍 Taking a Deep Dive into UPI and the Strategic Moves of Jio and Flipkart The financial challenges surrounding UPI players like PhonePe, Paytm, and Amazon Payment Services have been making headlines, but let's unravel the layers and explore the intriguing dynamics at play. ✅ Beyond the Numbers: The UPI Conundrum Yes, UPI transactions may not be turning immediate profits for major players, but what if we view it as a strategic investment? The National Payments Council of India's directive to keep UPI services free for users might seem like a hurdle, but it sets the stage for a more profound game plan. ✅ Building a User Base: The UPI Advantage Companies entering the UPI space aren't just eyeing transactional gains. Instead, they recognize UPI as a potent entry point to establish a massive user base. It's the starting point of a journey that goes beyond transactions into the realm of comprehensive financial services. ✅ Strategic Positioning: The Long-Term Vision What might seem like losses in the UPI business are, in fact, strategic positioning for the long game. Players like PhonePe, Google Pay, and others leverage UPI as a stepping stone to introduce users to an entire spectrum of financial services – from bill payments to lending and stock broking. ✅ Enter Jio and Flipkart: Disruption on the Horizon? As Jio Financial Services and Flipkart join the UPI arena, the question arises: Can they disrupt the established players? It's not just about transactions; it's a strategic race to capture the evolving landscape of financial services. The battlefield extends beyond the surface, into a complex realm where user acquisition today paves the way for financial empowerment tomorrow. ✅ The Future Unfolds: Exciting Possibilities In my perspective, this shift isn't just about financial transactions; it's about rewriting the rules of the financial services game. Jio and Flipkart's entry into UPI hints at an exciting future where a broader array of financial services awaits users who embark on this digital journey. 🔗 Share Your Thoughts: What's your take on this deep dive into the world of UPI and the strategic moves of emerging players? How do you foresee this shaping the future of digital finance in India? #fintechinsights #UPIStrategy #digitalfinancejourney #phonepe #paytm #googlepay #jiocinema #jio #flipkart #fintech

Flipkart is venturing into the fintech sector with the launch of its new platform, Super Money. This platform aims to provide a variety of financial products and services, including lending, insurance, and wealth management. Flipkart's foray into fintech is driven by its goal to diversify revenue streams and tap into the rapidly growing Indian digital payments market. Super Money will leverage Flipkart's massive customer base and established brand to reach a wide audience. The platform will also benefit from Flipkart's data and analytics capabilities, which will be used to personalize financial offerings for customers. Nevertheless, Flipkart faces stiff competition in the Indian fintech space from established players like Paytm and PhonePe. To succeed, Super Money will need to offer competitive rates, innovative products, and a seamless user experience. This launch is a bold move that could reshape the Indian fintech landscape, and the platform has the potential to be a major player in the market. However, it will need to execute flawlessly to overcome the challenges it faces. #flipkart #supermoney #fintech #news #innovation #financialservices #indiantech #m18infinity