Flipkart's Super.money Partners with Kotak811
Flipkart's fintech arm Super.money has partnered with Kotak811 to revolutionize India's digital payments landscape.
The partnership aims to issue approximately 2 million fixed-deposit-backed credit cards within the next 12 months, with around 60% going to first-time borrowers, and 5 million within two years.
Super.money expects the Kotak alliance to contribute around 10% of its revenue next year as it works toward profitability by 2026, said chief executive Prakash Sikaria.
- Partnership to issue 2 million secured credit cards in 12 months
- 5 million credit cards to be issued within two years
- Super.money serves 10 million active users
Author's summary: Flipkart's Super.money partners with Kotak811 to change India's fintech landscape.
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