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Kiwi launches Lifetime Free 'Axis bank RuPay Credit card' and ‘Credit on UPI’ | Flat 2% Cashback for Waitlist users

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Kiwi: Rupay Credit Card on UPI

Kiwi launches Lifetime Free 'Axis bank RuPay Credit card' and ‘Credit on UPI’ | Flat 2% Cashback for Waitlist users:

Kiwi App link: https://play.google.com/store/apps/details?id=i...

Flat 2% Cashback for Waitlist users and Flat 1% Cashback on Scan & Pay

Kiwi app is expected to go live by mid May but the website is ready for users to register and join the waitlist

Kiwi will offer RuPay credit card to users to make UPI payments

The leadership expects to onboard 2 Mn users in eighteen months

Kiwi, a credit card platform, has announced the launch of its all-in-one “Credit on UPI,” solution for customers. Certified by the NPCI, Kiwi is the first app in India that will help customers experience “Credit on UPI” by issuing Rupay Cards in partnership with banks.

With this launch, the company aims to create one of the largest direct-to-consumer (D2C) models in the credit market through its mobile application, which offers users the ability to make payments using either a credit card or bank account directly through their phones in a secure manner.

Speaking about the launch, Siddharth Mehta, co-founder, Kiwi, said, “UPI has become the most inclusive mode of payment in India, with over 30 crore unique users and 5 crore merchants onboarded on the platform. With the launch of Kiwi app, for the first time in India, users can now leverage the power of a (RuPay) credit card with the convenience and ease of UPI. Our vision is to enable access to credit on UPI for 1 million users over the next 18 months.”

Kiwi users will be issued a RuPay credit card, digitally and instantly. Post receiving the card, users will be able to link the card to UPI on the app and will be able to use the “Credit on UPI” transactions facility at offline as well as online stores. The Kiwi app will also help users manage their cards with a host of facilities like blocking cards, increasing limits, and making card payments while rewarding them for every transaction.

Praveena Rai, COO, NPCI said, “In our step towards attaining the goal of ‘Digital Payments for All’, Kiwi will be a game-changer in the Indian credit card industry. With the monthly expenditure on UPI P2M transactions amounting to approximately Rs. 3.2 lakh crore, which is almost 2.5x larger than the monthly credit card spends, Kiwi is set to capitalize on a significant untapped market. Looking at the whitespace that Kiwi is addressing, we’re confident that their model will support plenty of Indian credit card users on a daily basis.”

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Top Comments
Deal Subedar Deal Subedar
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After Few Months They Also Devaluation Cashback rate

The PostMighty The PostMighty
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The co-founders of Kiwi are Siddharth Mehta (ex-CEO, Freecharge), Mohit Bedi (ex-Axis Bank & PayU), and Anup Agrawal (ex- business head, LazyPay), all of whom are senior fintech experts and veterans of the banking industry.

The PostMighty The PostMighty
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The co-founders of Kiwi are Siddharth Mehta (ex-CEO, Freecharge), Mohit Bedi (ex-Axis Bank & PayU), and Anup Agrawal (ex- business head, LazyPay), all of whom are senior fintech experts and veterans of the banking industry.

Finance Mentor Finance Mentor
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Yes, nice research but these days even the most "trusted" relationships defraud you silently, and these people are nowhere near to being relatives... still, applied, fate is unknown and hard for everything.
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Crusader Crusader
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Worth sharing Pan? 🤔

The PostMighty The PostMighty
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Following

Deal Subedar Deal Subedar
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why they need pan for join waitlist ?

The PostMighty The PostMighty
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So that they can check you are eligible or not

Or may be to stop spam entry

Now please don't laugh on me persevere

Deal Cadet Deal Cadet
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Need some advice on kiwi

Deal Captain Deal Captain
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Which one, the bird or the fruit?

Deal Newbie Deal Newbie
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Joined. Showing I'm eligible for CC.

Deal Newbie Deal Newbie
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Same. Only waitlist number is given. 

View 1 more reply
Deal Subedar Deal Subedar
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After Few Months They Also Devaluation Cashback rate

Wingman Wingman
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Hmmm my waitlist number is 7456 & 7463

Your ?

Helpful Helpful
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Mine 5233

The PostMighty The PostMighty
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The co-founders of Kiwi are Siddharth Mehta (ex-CEO, Freecharge), Mohit Bedi (ex-Axis Bank & PayU), and Anup Agrawal (ex- business head, LazyPay), all of whom are senior fintech experts and veterans of the banking industry.

Finance Mentor Finance Mentor
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Yes, nice research but these days even the most "trusted" relationships defraud you silently, and these people are nowhere near to being relatives... still, applied, fate is unknown and hard for everything.
View 4 more replies
Deal Cadet Deal Cadet
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Scan and pay has 1% cashback or 2% for waitlist users?

And will it also work like a regular credit card? If we only want to use a credit card and not a credit card on upi

Finance Ninja Finance Ninja
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Yes, regular credit card.
View 4 more replies
Firestorm Firestorm
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Joined smiley

Deal Subedar Deal Subedar
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does anyone got "You r not eligible"? Seems they are giving the same status to everyone.

Firestorm Firestorm
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seems like everyone eligible scream

Deal Newbie Deal Newbie
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I got 11k.odd.waitlist number. So shall I deemed to be accepted for issue of this kiwi upi credit card!? Or later any chance if denial? I had already 2 axis credit cards. 

Tq

Finance Mentor Finance Mentor
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Looked legit, applied and got 12.4k as waitlist number, let's see what lies ahead...

Finance Mentor Finance Mentor
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@insta visit the link given, looks like a lead capture form to me and nothing more...

Generous Generous
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Yes done, asking pan number and they will fetch experian data as per t&c
Helpful Helpful
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I also joined the wait list, 12835

Deal Cadet Deal Cadet
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Nothing new here. RuPay credit cards can be already used with UPI apps like Google Pay. Also note that if you apply, they will check CIBIL, and with each such check your score gets reduced.

The PostMighty The PostMighty
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No its not gonna effect your cibil score

View 3 more replies
Deal Subedar Deal Subedar
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already have 3 axis Bank credit cards (2 regular & 1 co-branded). will I be allowed to get this one?

Deal Newbie Deal Newbie
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If you hold more than 2-3 LTF credit card then axis will reject your application. 

View 6 more replies
Deal Cadet Deal Cadet
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13.9k 🙄
Deal Newbie Deal Newbie
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For waitlisted 2℅ of cashback in the form of kiwi reward points.

And 1 kiwi reword point = 0.25₹

Indirectly 0.25% Cashback in terms of money. 😄😄

Finance Ninja Finance Ninja
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Clearly mentioned 2% cashback means we will get 8 kiwi reward points = Rs 2
View 6 more replies
Deal Cadet Deal Cadet
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What is the KYC process?
What documents are asked later?

Community Angel Community Angel
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As usual these are the terms. But still, it will be decent cashback card for scan and pay. 

Transaction rewards will not be applicable on the below category/type of merchants Fuel, Rentals, Repayments of loans, Jewelry, Cash Withdrawal, Wallet load, Insurance, Education, Government Services, Utility payments, EMI, Purchases converted to EMI post the transaction is complete, Payment of card fees, card bill payments etc. The Category of the merchants will be defined by the Merchant category code received by us in the transaction..

Deal Cadet Deal Cadet
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15K waiting

Deal Cadet Deal Cadet
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Will these "Kiwi" points also go Slice "monies" way?

Offtopic - any link on what to do with the lakhs of Slice monies which we have accumulated?

Also note that you HAVE to check this box to be able to proceed with waitlist registration-

"Send me promotional notifications about events, products, and news
about Kiwi via communication channels including but not limited to
Emails, WhatsApp and SMS. I agree to the Terms & Conditions."

Deal Baba Deal Baba
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you can redeem your slice monies in your slice mini prepaid account and then use on transactions
Deal Newbie Deal Newbie
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Pan card not asked

Deal Newbie Deal Newbie
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Did it show you're eligible After registration?

View 1 more reply
Helpful Helpful
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Hooray!

Your waitlist ID is 16074.

You are eligible for early access to the Kiwi app!



You’ll hear from us real soon!

Pan card not asked

Deal Newbie Deal Newbie
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Yeah bcz you're eligible for kiwi app early access.

Those who registered earlier were asked pancard and the message was- you're eligible for our Credit Card. 

I think that might be the reason. 


Deal Newbie Deal Newbie
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Not Worth, better go for Nue HDFC Credit Card

Generous Generous
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SBI Cashback 5% masterace !!

Helpful Helpful
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how are you getting 5% from sbi cashback upi?
View 1 more reply
Helpful Helpful
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Not getting otp

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