In recent years, Flipkart, India’s largest e-commerce platform, has made a major push into the world of fintech. The company has launched a number of new products and services, including insurtech, credit and debit cards, and central bank digital currencies. These products and services are designed to make it easier for customers to make payments and manage their finances.
Insurtech is a relatively new concept that combines insurance and technology. Flipkart has launched an insurtech platform that allows customers to purchase insurance policies online. The platform offers a range of policies, including health, life, and motor insurance. Customers can also use the platform to compare different policies and find the best deal for their needs.
Flipkart has also launched a range of credit and debit cards. These cards are designed to make it easier for customers to make payments online. The cards are linked to the customer’s bank account, allowing them to make payments without having to enter their bank details each time. The cards also offer rewards and cashback on purchases, making them an attractive option for customers.
Finally, Flipkart has recently announced plans to launch its own central bank digital currency (CBDC). This will be a digital version of the Indian rupee, allowing customers to make payments online without having to use traditional banking methods. This could revolutionize the way people make payments in India, making it easier and faster than ever before.
Overall, Flipkart’s foray into fintech is an exciting development for customers in India. The company’s new products and services are designed to make it easier for customers to manage their finances and make payments online. It will be interesting to see how these products and services evolve in the coming years.
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