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.”
Finance
Credit Card
https://play.google.com/store/apps/details?id=i...
https://gokiwi.in/rewards-p...y/
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..
abhishek012 wrote:
Yes other users got Kiwi cashback.
On regular merchant transactions, how are the cashback? I can do transaction through credit card but not getting cashback yet.
Ramushamu23 wrote:On regular merchant transactions, how are the cashback? I can do transaction through credit card but not getting cashback yet.
Only UPI transaction is eligible for 2% Kiwi cashback using Kiwi app only.
or normal credit card transaction and UPI transaction get extra 2 EDGE reward point from Axis bank per Rs200 spend.
don't know why but many merchants not supported by kiwi credit upi, same merchants works on other upi apps via credit card upi
paytm merchant, phonepe buisness, bharatpe all qr having issues in kiwi, but same qr works on paytm,phonpe,bhim upi
problem is not with every merchant qr but only with some qr's
BUDHRAJ0 wrote:Problem with axis bank. Credit UPI network is still not fully live.don't know why but many merchants not supported by kiwi credit upi, same merchants works on other upi apps via credit card upi
paytm merchant, phonepe buisness, bharatpe all qr having issues in kiwi, but same qr works on paytm,phonpe,bhim upi
problem is not with every merchant qr but only with some qr's
abhishek012 wrote:
Problem with axis bank. Credit UPI network is still not fully live.
You will need to wait atleast 2 years, All problems will get solved and Credit UPI network will also work smoothly after few years.
I have done all the transactions via kiwi UPI credit card but no rewards recieved.only welcome rewards received.
Ramushamu23 wrote: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.I have done all the transactions via kiwi UPI credit card but no rewards recieved.only welcome rewards received.
tat wrote:i have flipkart axis, airtel axis, then got approved for iocl then just after 3 days i appliedd kiwi and got it instantly
Are you people who hold Flipkart card not eligible ?
Anyone with Flipkart axis card got approved?
satraghav wrote:axis has shared limit concept. all cards shares limit in axis.Is Kiwi CC limit shared with other Axis CCs OR got a new Credit limit? @BUDHRAJ0
After Few Months They Also Devaluation Cashback rate
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.