According to a report in Tech2, Flipkart’s new entity will be a credit lending platform for the buyers and sellers.

The platform just aims to focus on payments, credit lending, and facilitate buying and selling on the ecommerce platform.

The sources added that the ecommerce platform will also offer its loyalty and cashback programme service, Super Coins, through the fintech venture.

On the other hand, Flipkart will be into credit lending and not focus on individual payments or UPI.

Since then, it has grown to be one of the biggest UPI payments platforms in the country. | To read full story, visit https://startuparound.com/read/1577312251.0213656/Flipkart-Plans-Another-Fintech-Play:-Will-It-Be-PhonePe’s-Competitor??ref=audio_experience