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Tag: Axis bank

  • Flipkart Launches Its UPI Handle To Boost India's Digital Economy Vision

    Bengaluru: E-commerce giant Flipkart launched its Unified Payments Interface (UPI) handle to further enhance its digital payment offerings for all customers, including its 500+ million customer base.

    Empowering Users with Flipkart UPI

    With Flipkart UPI, users can now set up their own UPI handle for online and offline merchant transactions within and outside of the Flipkart marketplace. For a distinctive customer experience, loyalty features such as Supercoins, cashback, brand vouchers, milestone benefits, and more will be offered post the UPI launch.

    Versatile Usage with Flipkart UPI

    On the Flipkart app, Flipkart UPI can be used to pay for any product or service, including e-commerce transactions, Scan and Pay to UPI ID, and recharges and bill payments, the company said in a statement.

    Strategic Partnership: Flipkart and Axis Bank

    In its first phase, Flipkart has partnered with Axis Bank, wherein users can register for UPI with the @fkaxis handle for their digital transactions using the Flipkart app. (Also Read: Infinix Smart 8 Plus Launched With AI Camera Setup In India; Check Price, Specs And Color Options)

    Vision of Flipkart UPI

    “Recognizing the dynamic digital landscape, the launch of Flipkart UPI seamlessly merges the convenience and cost-effectiveness of UPI with the trusted efficiency customers expect from us,” said Dheeraj Aneja, Senior Vice President – Fintech and Payments Group at Flipkart. “At Flipkart, we are committed to delivering the best-in-class commerce experience to customers by offering safe and convenient payment options along with a wide array of rewards and benefits such as Supercoins, Brand Vouchers, and others.”

    Driving Digital Empowerment

    According to Aneja, “Flipkart UPI underscores our dedication to shaping a digitally-empowered society and reaffirms our role as a leading catalyst in India's digital evolution.”

    Enhancing Payment Efficiency

    It also introduces one-click and quick functionalities for recharges and bill payments, enhancing overall payment efficiency for the users. With the tagline, 'India's Most Rewarding UPI,' the offering aims to provide customers an intuitive, safe, and convenient digital payment experience through its integrated checkout funnel and a slew of delightful incentives, including the benefit of instant refunds, according to the company. .

    UPI's Growing Landscape

    In 2023, UPI processed over 117 billion transactions worth Rs 182.84 trillion, showcasing a dynamic landscape with participation from banks, payment service providers, and fintech companies, according to reports. (Also Read: Ashwini Vaishnaw's BIG Statement On Google-Indian Startups Row, Says..)

    Continued Partnership Growth

    “We continue to scale our growth in UPI with partnerships and innovations. Our partnership with Flipkart has come a long way from launching one of India's most successful co-branded credit cards to now launching the Flipkart UPI service,” said Sanjeev Moghe, President and Head – Cards & Payments, Axis Bank.

    Seamless Transaction Experience

    “Customers can now register for UPI with @fkaxis handle and can do all fund transfers and checkout payments using the Flipkart app. This solution is cloud-hosted and hence provides one of the most stable and scalable UPI platforms for customers,” he added.

  • India’s Top Cashback Credit Cards For 2024: Check Annual Charge, Joining Fee, And Benefits | Personal Finance News

    New Delhi: If you’ve been wondering how to save on everyday expenses, cashback credit cards might be the solution you’ve been looking for. Known for their simplicity and effectiveness, these cards offer a straightforward benefit to your spending. Using a credit card can give you cashback, meaning you get back some money from your purchases.

    But not all cashback cards are the same. Some give you a set percentage back on everything you buy, while others offer more cashback on certain types of purchases. (Also Read: Latest HDFC Bank FD Rates 2024: How Much Return Will You Get From Fixed Deposit? Check Here)

    With the right credit card, you can earn money back on the things you buy the most, like groceries or online shopping. To help you choose the best option, here’s a list of the top cashback credit cards in India: (Also Read: Latest SBI FD Rates 2024: How Much Return Will You Get From Fixed Deposit? Check Here)

    Best Cashback Credit Cards In India For February 2024:

    Cashback SBI Card: Annual Charge

    The joining fee is Rs 999 and the same for the annual/renewal fee.

    Cashback SBI Card: Benefits

    5 percent cashback on all online spending and 1 percent cashback on all offline spending.

    Axis Ace Credit Card: Annual Charge

    The joining fee and annual/renewal fee are both Rs 499.

    Axis Ace Credit Card: Benefits

    5 percent cashback on utility bill payments and recharges via Google Pay, and 4 percent cashback on Swiggy, Zomato, and Ola.

    Flipkart Axis Bank Credit Card: Annual Charge

    The joining fee and annual/renewal fee are Rs 500 each.

    Flipkart Axis Bank Credit Card: Benefits

    5 percent unlimited cashback on Flipkart purchases and 4 percent cashback on partner merchants like Swiggy, PVR, etc.

    Amazon Pay ICICI Credit Card: Annual Charge

    No joining fee or annual/renewal fee.

    Amazon Pay ICICI Credit Card: Benefits

    Up to 5 percent cashback on Amazon purchases and 1 percent cashback on all offline spends.

    HDFC Millennia Credit Card: Annual Charge

    The joining fee and annual/renewal fee are Rs 1000 each.

    HDFC Millennia Credit Card: Benefits

    5 percent cash back on major online brand spends and 1 percent cash back on other spends.

    Airtel Axis Bank Credit Card: Annual Charge

    The joining fee and annual/renewal fee are Rs 500 each.

    Airtel Axis Bank Credit Card: Benefits

    Up to 25 percent cashback on transactions at the Airtel Thanks app.

    Standard Chartered Smart Credit Card: Annual Charge

    The joining fee and annual/renewal fee are Rs 499 each.

    Standard Chartered Smart Credit Card: Benefits

    2X cashback on online spending and low interest of 0.99 percent per month on credit card EMIs.

    Swiggy HDFC Bank Credit Card: Annual Charge

    The joining fee and annual/renewal fee are Rs 500 each.

    Swiggy HDFC Bank Credit Card: Benefits

    10 percent cashback on Swiggy food orders, Instamart, Dineout & Genie, and 5 percent cashback on online spending.

  • Closed for over two months, Manipur Axis financial institution department reveals over Rs one crore money stolen

    Via IANS

    IMPHAL: Money, amounting to no less than Rs 1 crore, was once reportedly stolen from an Axis Financial institution department in Manipur’s Churachandpur district, closed since Might 4 over ethnic violence within the state, because it reopened on Monday and the housebreaking was once detected, police stated

    A police legitimate in Imphal stated that it was once reported in a bit of the media that there was once a theft at Axis Financial institution’s Churachandpur department.

    Initial studies printed that it was once no longer a theft however a housebreaking because the financial institution department was once closed on Might 4, after the ethnic violence broke out in Manipur on Might 3, and it was once opened on Monday.

    “It was once discovered that when breaking the ventilator of the toilet, some suspects entered the strongroom of the financial institution thru the toilet and made a hollow within the wall of the sturdy room. Correct investigation can be carried out after the arriving of the Supervisor of the financial institution with the keys to the sturdy room,” the legitimate informed the media.

    He stated that right through the previous 24 hours, state police and central forces carried out seek operations within the inclined and fringe spaces of each valley and hill districts and a complete of 10 unlawful bunkers, arrange through the militants and miscreants, have been destroyed.

    Since past due Sunday night, firing between armed teams have been reported at Dampi vary, Khoijumantabi, Langza, Ok. Geljang, Ok. Songnung, Bethel, Apunlok, Kangchup foothills, and Koutruk village spaces. No casualty was once reported in any of the shootouts.

    Firing between armed teams additionally happened within the Singda, Kadangband and Gelzang spaces. The lifeless frame of 1 individual with bullet accidents was once discovered within the Geljang hill vary together with one MI rifle.

    IMPHAL: Money, amounting to no less than Rs 1 crore, was once reportedly stolen from an Axis Financial institution department in Manipur’s Churachandpur district, closed since Might 4 over ethnic violence within the state, because it reopened on Monday and the housebreaking was once detected, police stated

    A police legitimate in Imphal stated that it was once reported in a bit of the media that there was once a theft at Axis Financial institution’s Churachandpur department.

    Initial studies printed that it was once no longer a theft however a housebreaking because the financial institution department was once closed on Might 4, after the ethnic violence broke out in Manipur on Might 3, and it was once opened on Monday.googletag.cmd.push(serve as() googletag.show(‘div-gpt-ad-8052921-2’); );

    “It was once discovered that when breaking the ventilator of the toilet, some suspects entered the strongroom of the financial institution thru the toilet and made a hollow within the wall of the sturdy room. Correct investigation can be carried out after the arriving of the Supervisor of the financial institution with the keys to the sturdy room,” the legitimate informed the media.

    He stated that right through the previous 24 hours, state police and central forces carried out seek operations within the inclined and fringe spaces of each valley and hill districts and a complete of 10 unlawful bunkers, arrange through the militants and miscreants, have been destroyed.

    Since past due Sunday night, firing between armed teams have been reported at Dampi vary, Khoijumantabi, Langza, Ok. Geljang, Ok. Songnung, Bethel, Apunlok, Kangchup foothills, and Koutruk village spaces. No casualty was once reported in any of the shootouts.

    Firing between armed teams additionally happened within the Singda, Kadangband and Gelzang spaces. The lifeless frame of 1 individual with bullet accidents was once discovered within the Geljang hill vary together with one MI rifle.

  • Non-public sector banks to supply monetary products and services in in another country procurement by way of Defence Ministry

    Via PTI

    NEW DELHI: The defence ministry on Thursday allowed 3 personal sector banks to supply monetary products and services to it for in another country procurement of army {hardware}.

    The banks are HDFC Financial institution Ltd, ICICI Financial institution and Axis Financial institution.

    Until now, handiest approved public sector banks have been utilised to supply products and services like issuance of letter of credit score and direct financial institution transfers to the ministry for in another country procurement.

    In keeping with additional opening of allocation of presidency trade to non-public sector banks by way of the dept of economic products and services, the ministry has assigned 3 personal sector banks to give you the LoC and direct financial institution switch trade for in another country procurement, an reputable unlock mentioned.

    “The chosen banks is also allotted with LC trade of Rs 2,000 crore, every at the capital and income aspect, for a length of 1 yr on concurrent foundation (Rs 666 crore for every financial institution below each capital in addition to Earnings),” the ministry mentioned.

    “The efficiency of those banks can be monitored continuously so that you could take essential additional motion as required,” it mentioned.